Adviser calculators and tools

Income Shortfall Calculator

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The information below shows how your income might fall if you couldn't work. Is the shortfall bigger than you first thought?

You can insure up to 60% of your gross income. Please note, there are different minimum and maximum benefits for LV= Income Protection and LV= Personal Sick Pay, this calculator doesn't take this into account.

For LV= Income Protection the minimum amount of cover that can be applied for is £100 a month and the maximum amount of cover is £20,833 a month. For LV= Personal Sick Pay the minimum amount of cover that can be applied for is £500 a month and the maximum is £8,333 a month.

Based on the gross annual salary entered, the maximum monthly cover that can be applied for is: £.

The figures above don't take into account:
  • any temporary or short-term changes to state benefits
  • payments from any other illness or injury policies that may be paid in the event of a claim.

View state benefit entitlement

Weeks Weekly Benefit
Statutory Sick Pay 28
Assessment Phase ESA * 13
Work-related activity group ESA * N/A

* Employment & Support Allowance (ESA). Assessment phase ESAs: over 25's, under 25's.

These figures are for guidance only and should not be considered as advice. They may not reflect your personal circumstances. We've assumed you're employed and paying income tax and National Insurance contributions. We haven't taken into account any other deductions that may be taken from your income.

These figures don't account for any state benefits (including any Universal Credit entitlement) you may receive or be entitled to receive, other than Employment and Support Allowance (ESA), or any income tax due on your ESA payments. Please be aware that the money received at claim from a policy may affect your/your client’s entitlement to certain state benefits including Universal Credit.

These figures assume that you'll receive statutory sick pay for the first 28 weeks followed by the basic rate (single person) ESA for the 13 week assessment period, after which you'll receive the basic rate (single person) ESA for the work-related activity group.

Eligibility for ESA will depend on your personal circumstances, and may be different from that shown.

In some circumstances, the amount of cover payable under Income Protection will be reduced. Please read the product literature for full details. Tax treatment is based on our understanding of current HM Revenue & Customs practice, which can change. These calculations are based on HMRC Income Tax in England and Wales, and do not reflect Scottish Income Tax.

From April 2013 a cap was introduced on the total amount of benefit that working age people can receive and it varies depending on whether you live in Greater London or not. A number of benefits count towards the benefit cap including ESA (except where it is paid with the support component).The cap is: £423.46 a week (£486.98 a week in Greater London) for couples and lone parents and £283.71 a week (£326.29 a week in Greater London) for single adults. For more information visit:

Find out what's at stake


When you're fit and healthy and feeling secure in your job, it's hard to imagine anything going wrong. But if it did, would you still get the level of income you (and your family) are used to?


This easy-to-use calculator shows you how much income you could lose if you couldn't work, and how much of your income you could protect with LV= Income Protection.

Please complete the following information
Fields marked * are required.
Gross annual salary*
Number of months employer pays full salary?*
(If unable to work due to illness or injury)