Income protection calculator - Bupa

Income protection calculator

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How long could your lifestyle (and that of any dependants) survive without your income? Our handy calculator can help you work this out. You might be surprised by the results!

Note: This calculator is based on assumptions detailed below. You should read these carefully as they may not be appropriate to your personal circumstances.

Income protection calculator
  Our example Your estimate
Part 1 Where does your income go? ($)
Simply fill in your estimate of where your own income goes each month. (If you share expenses, simply put your share of those expenses)
Rent or mortgage 1,250
Vehicle and transport (eg fuel, bus fares) 250
Your home (eg rates, electricity, insurance, repairs) 350
Food 525
Education/childcare 425
Other 200
Monthly total 3,000
* clothing and entertainment are seen as discretionary in the short term and are excluded for this calculator.
Part 2 How secure is your income?
Are you employed or self employed? Employed Self employed
How many weeks of sick leave do you have? 2
Important things to know
Number of months that you are protected by sick leave 0.46
Part 3 Savings you can fall back on
Cash in hand 1,000
Savings, term deposits 500
Managed funds 500
Shares 2,500
Other 0
Total 4,500
Part 4 How long before you need to change things?
Number of months you could survive without an income before selling off liquid assets or making lifestyle changes. 1.96
Number of days you could survive without an income before selling off liquid assets or making lifestyle changes. 60
Date you may require other income should you become totally disabled today 02/10/2011

1. This calculator is intended to be a guide only and not intended to be relied on for the purpose of making a decision in relation to life insurance. You should consider obtaining advice from a financial planner before making any financial and insurance decisions.

2. No assurance is given that this calculator is free of errors or suitable for any user's intended purposes.

3. To the extent permitted by law, Bupa will not be liable for any damages or loss suffered by the user or anyone else from use of this calculator.

Assumptions

1. Sick leave is at full rate of pay.

2. No major assets are sold off to cover expenses

3. Expenses are not reduced during a period of total disability.

4. Transaction costs, brokerage etc not allowed for disposal of liquid assets.

If your actual situation differs from the assumptions made, then the calculations may differ from your actual amounts.

Products are issued by ClearView Life Assurance Limited ABN 12 000 021 581 AFSL No. 227682. Please refer to the relevant Product Disclosure Statement (PDS), available online or by contacting 134 135 for full details of exclusions, definitions and terms and conditions of the relevant product. Any advice on this website is general advice only and does not take into account your individual objectives, financial situation or needs. Before acting on it you should consider its appropriateness, taking into account your personal circumstances.

By accessing this website, you acknowledge that you agree to receiving the Bupa Australia Pty Limited/Bupa Australia Health Pty Limited Financial Services Guide by downloading a copy.

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