How much life insurance do I need?
Enough to cover what your family would need if you died: outstanding debts such as a mortgage, ongoing living costs for as long as they would rely on you, and future costs such as childcare or education. Then take away savings, pension death benefits or employer cover they would also receive.
A simple approach
Add your mortgage balance to your family's yearly living costs multiplied by the number of years they would need support.
Don't forget illness
Life cover only pays on death. Consider critical illness or income protection for the cost of being seriously ill.
Review over time
Your needs fall as debts reduce and children grow up, and rise with new commitments.
This article is general information about UK protection insurance, not personalised financial advice. Policy terms vary between insurers and products, so always check your own policy documents.
Last updated 27 October 2026