GoldenLife.

Online Insurance for NZ
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Needs Calculator

This calculates how much life insurance you may need to safeguard your family's future.

Fill in the fields indicated with the arrow ◀.

The example column is based on a retired couple and is only a guide.

Possible Expenses on death
Example
Funeral and Administration Costs (suggest min $8000)
$
$8000
Overdraft, Personal loans, Credit cards, Store cards, HP
$
$2000
Outstanding Tax, GST, rates.
$
$1000
Total Mortgages to pay
$
$x00000
Other (including childrens education, wedding etc)
$
$20000
Total expenses
$
 
$31000
Realisable Assets
Example
Cash, Savings, Investments
$
$2000
Sale of vehicle, shares etc
$
$5000
Existing Life Insurance (Do not enter if this is to replaced by this application)
$
$0
Total realisable assets
$
 
$7000
Total Life Insurance cover suggested
$
 
$24000

Note: The maximum Life cover available through Golden Life. is $50,000

If you need more cover obtain a quote through nzlife.co.nz or www.adviser.co.nz or contact us.

A funeral grant is available through WINZ which contributes to funeral costs for families meeting their criteria. This grant is means tested and will not cover the entire cost of a funeral. ACC will contribute to the cost of a funeral if the death has been as the result of an accident.

Disclaimer

This calculator is designed to estimate what lump sum amount your family may need on your death.

Availability of insurance cover is subject to acceptance and approval of a completed application.

This calculator does not constitute an offer of insurance.

Funeral Costs

Firstly there is the funeral director's fee, called a professional service fee. This fee includes:

  • taking instructions from the family
  • transporting the deceased
  • preparing, embalming and casketing the deceased
  • arranging the service
  • printing the service sheets
  • liaising with the florist, minister or celebrant
  • organising newspaper notices
  • liaising with the council regarding a burial plot
  • liaising with a crematorium
  • providing authorities with the death certificate and burial/cremation information

This fee also covers premises, vehicles, staff salaries and the need to provide a 24 hour service. Other costs contributing to a funeral account are the costs associated with a burial (such as the purchasing of a plot) or a cremation.

Costs vary so we recommend you contact a local Funeral Director and ask for a quote for a service that meets your needs.