Know exactly how much protection your family needs

Life insurance decisions are made once and relied on for decades, yet most people choose a number by guesswork. H5Piko was built to replace guesswork with simple, transparent arithmetic. Every calculator shows its inputs, uses published formulas and runs in your browser, so nothing you type is sent anywhere.

Our tools cover the full journey: working out how much cover you need, comparing term and whole life, estimating premiums, planning for a mortgage and funeral costs, and splitting a payout among beneficiaries. Each page also includes a plain-English guide explaining the method, so you understand the result rather than just reading it.

Written by someone who has done this for a decade

Umer Shabbir has more than ten years of experience in insurance and personal finance, helping families understand cover, costs and claims. He edits every guide and checks every formula on this site.

These resources are educational. They are not quotes or personal advice, so always confirm details with a licensed insurer or adviser.

Meet the author

Fresh guides

How Much Life Insurance Do You Really Need?

A practical guide to the DIME method, income multiples and common mistakes.

Term Life vs Whole Life Insurance: Which Wins?

Costs, cash value, and who each policy suits.

7 Life Insurance Mistakes to Avoid

Common errors that leave families underprotected.

How it works

1. Enter your numbers

Income, debts, age and goals. Everything stays in your browser.

2. See results instantly

Results update as you type, with clear breakdowns.

3. Learn the reasoning

Read the guide under each tool to understand the formula.

Who needs life insurance and who may not

Life insurance matters most when other people rely on your income. Parents of young children, homeowners with a mortgage, couples where one partner earns most of the income, and anyone supporting an elderly relative are the most common buyers. Business owners and people with co-signed loans also have good reasons, because debts can pass to partners or family. On the other hand, a single person with no dependants and no debt might need only enough to cover final expenses, and someone whose savings already exceed their family's needs may need no policy at all.

What affects the price of a policy

Insurers set premiums by estimating the likelihood that they will pay a claim. The strongest factors are age, health, tobacco use, coverage amount and policy length. Occupation, hobbies such as aviation or scuba diving, family medical history and driving record can also matter. Buying younger locks in lower rates for the entire term, and quitting tobacco for the period insurers require can cut the price dramatically. Our Premium Estimator shows how these choices change a typical monthly cost.

Our editorial standards

Every page on this site is written to be useful first. Formulas are explained, assumptions are shown on screen, and where numbers are simplified we say so. We do not sell insurance, we do not collect your calculator inputs, and we do not rank products in exchange for payment. Articles are reviewed by Umer Shabbir and updated when rates, rules or best practices change. If you spot an error, email Contact@h5piko.online and we will correct it promptly.

Common questions

Are these calculators free?

Yes, every tool is free with no sign-up or email required.

Is my data saved?

No. Calculations run inside your browser and nothing you type is sent to our servers.

Are the results real quotes?

No. They are educational estimates. For binding prices, request quotes from licensed insurers.

Where should I start?

Begin with the Needs Calculator to find your cover amount, then compare costs with the Premium Estimator.

How to get the most from this site

Start with the Life Insurance Needs Calculator, which gives you a target cover amount. Next, open the Premium Estimator to see what that amount might cost each month, and use the Term vs Whole Life Calculator if you are unsure which type fits. If you own a home, run the Mortgage Protection Calculator, and plan end-of-life costs with the Funeral Cost Calculator.

Once you have your numbers, read our guides to understand the reasoning, then request quotes from at least three licensed insurers. Be honest on every application, name beneficiaries clearly with the Beneficiary Share Splitter, and tell your family where the policy is kept. A little planning today can protect the people who matter most for decades, and it only takes a few minutes.

Life insurance in plain English

Life insurance is a contract. You pay a premium, and if you die while the policy is active, the insurer pays a tax-efficient lump sum to the people you name. Term policies run for a set number of years and are the most affordable. Permanent policies such as whole life last longer and include a savings feature, but cost much more. Riders can add benefits such as waiver of premium if you become disabled, or an accelerated benefit if you are diagnosed with a terminal illness. Understanding these building blocks makes it much easier to read a quote and ask the right questions, which is exactly why we explain the method behind every calculator on this site.