LIFE INSURANCE CALCULATOR

This calculator is a software program developed by Spotter Finance Pty Ltd and its related bodies corporate (collectively referred to below as “Spotter Finance”, “we”, “us” or “our”). Spotter Finance Pty Ltd is the owner of the copyright in this calculator.

The following are terms of use of this calculator:

1. We have made the necessary statutory and modelling assumptions (stated in the notes) in this calculator. You may change all other assumptions to reflect the scenario you are trying to model by going into the ‘advanced’ mode of the model.
2. The purpose of this calculator is to provide an indication of the amount of life insurance cover you may need to replace your existing income.
3. This calculator is a model only and is not a prediction of your financial outcomes or a substitute for professional advice. Your financial outcomes will depend on external factors such as tax, superannuation laws, investment earnings and inflation.
4. This information is provided as a guide only. It is not a substitute for obtaining professional advice which takes into account your financial situation, needs and objectives. It should not be used to make a decision about a specific financial product or class of financial products.
5. You must not (i) copy, disassemble, reverse engineer, reproduce, adapt or otherwise attempt to derive, tamper or modify the software program code of the calculator, (ii) sell, licence or in any way distribute or transmit the calculator to third parties, and (iii) copy or use in any way Spotter Finance's name and all associated trademarks which may appear on the calculator; you acknowledge that to do any such acts would constitute an infringement of our intellectual property rights in the calculator and its trademarks, and may cause errors in the calculator and any calculations generated.
6. While we have used all reasonable care in preparing this information, where it includes assumptions and information provided by third parties which we are not able to independently verify, we do not accept responsibility for incorrect assumptions, errors or omissions by those third parties.
7. To the extent the law allows us to, we will not be responsible for any loss (including, without limitation, loss of data, interruption to business, loss of profits and loss of investments) arising directly or indirectly from use of the calculator.
8. This software has not been designed for any particular investor and has been prepared in good faith and without assuming a duty of care. No guarantee, warranty, or representation is given or implied as to the reliability or accuracy of the information used to compile each calculation.
9. Spotter Finance does not give taxation advice. The application of taxation laws to each client depends on that client’s individual circumstances. Accordingly, you should seek independent professional advice on taxation implications before making a decision about a financial product or class of financial products.
10. Before using the calculator you should read the Notes detailing the assumptions, if any, used in the calculator.