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How much insurance coverage do I need?
The right amount of life cover replaces your income and clears what you owe, so your family can stay in their home and keep their plans. Enter your numbers below for an estimate built around your life in Trinidad and Tobago.
Insurance coverage calculator
Enter your income and age to see a suggested amount of life and critical illness cover. It is a starting estimate based on your yearly income, not a quote.
Enter your income and an age of 18 or older to see a suggested amount.
Assumptions: Cover is estimated as a multiple of your yearly income, based on your age. Life cover runs from 30 times income under age 30 down to 2 times by age 75; critical illness cover from 10 times income under 55 down to 5 times by 65. Above those ages, cover is assessed individually. The payout on a life policy is generally tax-free in Trinidad & Tobago. These figures are indicative, to start a conversation, and are not a quote.
Common questions
- How much insurance coverage do I need?
- A common approach is to base your cover on a multiple of your yearly income, with the multiple set by your age. Younger people can be covered for a higher multiple because there are more working years to protect, so cover runs from about 30 times income under age 30 down to a lower multiple as you get older. Use the calculator above to get a suggested amount based on your income and age.
- How is the amount worked out?
- The calculator multiplies your yearly income by a factor based on your age for life cover, and a separate factor for critical illness cover. It is a quick guide to the level of protection to aim for. Your final amount depends on your goals, debts and budget, which we work out together.
- Is a life insurance payout taxed in Trinidad and Tobago?
- A life insurance payout to your beneficiaries is generally tax-free in Trinidad and Tobago, so the full sum goes to the people you choose.
Protection Planner
A rough picture of the cover that would keep your family steady. Your real numbers come from a conversation.
Enter your monthly income to see an estimate.
Assumptions: Life cover target = 10× annual income + $50,000 per dependent. Critical-illness cover is a recommended flat lump sum of $75,000. Health exposure is a major orthopedic surgery ($40,000) plus post-op ($15,000). These are estimates to start a conversation, not a quote.
Critical Illness: what treatment can cost
Critical Illness cover pays you a tax-free lump sum on diagnosis. Pick a covered condition to see the indicative cost of treating it, so you can see why the cover matters.
Indicative cost of treating Cancer
$70,000 – $1,360,000
Full chemotherapy / radiation / surgery course; varies by type and stage.
Note: All figures are in TT$ and are indicative estimates only. Critical Illness insurance pays a fixed lump sum on diagnosis; it does not reimburse the actual bill.
Life Insurance
Replace your income so the people who depend on you keep their home, their plans and their lifestyle if you're not there.
Learn more →Health
Private treatment in Trinidad & Tobago adds up fast. Health cover closes the gap between public waitlists and the care you'd actually want.
Learn more →Critical Illness
A tax-free lump sum on diagnosis of cancer, heart attack, stroke and more, so you can focus on recovery instead of bills.
Learn more →Personal Accident
A cash benefit if an accident causes injury, disability or death. It pays on top of your other cover, at work, on the road and at play.
Learn more →