Enter your monthly net income, household income type (single/dual income), number of dependents, and housing type, and this tool calculates a recommended monthly insurance budget and a protection vs. savings/pension insurance allocation split, based on the common financial planning guideline of spending 7–10% of income on insurance.
Dependents other than your spouse, such as children. Capped at 4 for this calculation.
Enter this to get a diagnosis of whether you're over- or under-paying relative to the recommended budget.
Enter your monthly net income to see your recommended insurance budget.
Enter your current monthly premium above to get a diagnosis of whether you're over- or under-paying relative to the recommended budget.
This calculator applies household income type, number of dependents, and housing type to the common financial planning guideline of spending 7–10% of monthly income on insurance. It's a reference estimate, not based on any legal standard or insurer's policy terms — the coverage and premium you actually need depend on factors like debt, existing policies, health status, and retirement readiness. Always consult a professional before purchasing or adjusting insurance.