NZLife. needs calculator - Income Protection

Needs Calculators

Life and/or Accident
Critical Illness
Permanent Disablement
Income Protection

This calculates how much income protection insurance you may need to safeguard your families future.

Fill in the fields indicated with the arrow and click anywhere to Calculate.

Example based on a working parent of a family of 4 with partner working part time and is only a guide..

How much Income Protection do I need?		Example
How much does your family need to live on each month (food, utilities, rates, insurance etc)	$	$1200
Rent or Mortgages - monthly payments	$	$1500
Other regular monthly payments (HP, Credit cards, personal loans etc)	$	$300
Total expenses (sum)	$	$3000

Ongoing income
Ongoing income (govt benefits, dividends etc) per month	$	$0
Partners income per month (after tax)	$	$600
Existing Income Protection Insurance (Do not enter if this is to replaced by this application)	$	$0
Total ongoing income	$	$600
Total (ongoing income - expenses)	$ A	$2400

How much Income Protection can I get?
My gross annual income is	$	$60000
Up to Maximum 75% of gross per month	$ B	$3750

Total Income Protection suggested (lower of A or B)	$	$2400

Note:

The NZ Government and other organisations provide some support for accidents through ACC, and illness through Work and Income. A current sickness benefit starts at approx $145/ wk. For further information - see http://www.acc.govt.nz or http://www.workandincome.govt.nz.

Disclaimer:

This calculator is designed to estimate a monthly sum your family may need if you are totally disabled.

Availability of insurance cover is subject to acceptance and approval of a completed application.
This calculator does not constitute an offer of insurance.

Income Protection Quote Request Form

All Income Protection policies are specifically designed for each client. Your occupation, age, sex, smoker/non smoker and cover required will determine the premiums.

We will provide an emailed quote within 24 hours, based on the information provided in this form, or you may call us on 0800 2NZLIFE (0800 269543) during normal working hours for an immediate quote.

First name:
Surname:
Email:
Gender:
Age:
Smoked last 12mths:
Occupation:
Major Tasks:
Employment:
How many years self employed?
Your current annual Gross Income:	$
Income Protection required/mth:	$
Options
	Wait period:
	Payment period:
Comments:
Validation:	Please help us distinguish between a real individual and spam robots by typing the 3rd word in the list below: "hope beautiful kind flower wonderful"

Notes:

Premiums increase annually on the policy anniversary and are a calculated rate for age.
Premiums and cover also increase each year if the CPI option (inflation adjustment) is selected.

Get a quote now