Family Income Protection Insurance Calculator
Protect your loved ones from financial hardship if you can't work due to illness or injury. Use our free Family Income Protection Insurance Calculator to estimate how much coverage you'll need and what it might cost. See how factors like age, income, and policy duration impact your monthly premium.
Coverage Preferences
Estimated monthly premiums for 70% coverage, 10-year term
- Match coverage to essential monthly expenses
- Consider spouse's or partner's income
- Include child-related and mortgage costs
- Review insurer definitions of "disability"
Family income protection insurance replaces a portion of your income if you can't work due to accident, illness, or disability, helping your family maintain living standards and cover essential expenses during difficult times.
- • Age and health status
- • Occupation risk level
- • Income replacement percentage
- • Policy duration and waiting period
- • Country and insurer pricing
What does family income protection insurance cover?
It provides monthly payments if you're unable to work due to illness or injury, covering essential living expenses, mortgage payments, and family costs until you can return to work or the policy term ends.
Is income protection the same as life insurance?
No. Income protection pays while you're alive but unable to work, while life insurance pays beneficiaries after death. Many families need both types of coverage.
How long does coverage last?
Coverage typically lasts for a set period (5, 10, 15, or 20+ years) or until you reach retirement age, depending on the policy terms you choose.
Can I get a policy if I'm self-employed?
Yes, but self-employed individuals often pay higher premiums due to variable income and typically need to provide more documentation of earnings.