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Life Insurance Calculator

A life insurance calculator is a tool which estimates the funds which you would require in the event of your death, in order to repay your borrowings and other debts, to pay for funeral costs and other final expenses, and to provide for the financial upkeep of your dependants.

Even though it should be used as a guide only, the KiwiCover life insurance calculator is a more advanced calculator than those which are commonly found elsewhere. It employs proprietary modelling techniques to calculate the amount of life insurance cover you ought to have, based on your details and other variables drawn from real-life situations.

Calculator

Please check the form for errors

Your Details

Your Earnings

Enter your annual salary or wages before tax. Do not include investment income.
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Your Borrowings

Select all that apply, and enter the current balance of all amounts that you owe (approximate amounts are fine). Include the full value of any amount which you jointly owe with your partner.
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Examples include hire purchase and store cards. Do not include any student loan, as this debt is written off on death.

Your Financial Assets

Select all that apply, and enter the current values of the financial assets you own (approximate amounts are fine). Include all financial assets held for your benefit in a trust. Include the full value of any amount which you jointly own with your partner.
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Denominated in NZD
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A financial asset is a non-physical asset, so it doesn’t include things like real estate, cars, jewellery or gold. Examples include a personal loan made by you to someone else, and a tax refund due to you.

Important Information

  • This website does not provide personalised advice, and it takes no account of your personal insurance needs or circumstances. In particular, the information in this website is not personalised financial advice for the purposes of the Financial Advisers Act 2008 and should not be relied upon in making a decision about insurance. If you are unable to (or do not wish to) determine your cover requirements on your own, then read our section about obtaining advice.