Quote Calculators

The Quote Calculators below enable you to work out the cost of your chosen sum to be insured for each product, and the total.

 
Life 1
Life 2
Life Details
Calculate your Life Insurance Cost
Cost $
  • Calculate your Critical Illness Insurance Cost

    Note: Sum to be Insured can not exceed Life Cover if Accelerated policy is selected.

  • Calculate your Cost for Accidental Death Cover

    Note: Sum to be Insured can not exceed Life Cover if Accelerated policy is selected.

  • Calculate your Total Permanent Disablement Insurance Cost

    Note: Sum to be Insured can not exceed Life Cover if Accelerated policy is selected.

  • Calculate your Income Protection Insurance Cost
    Waiver of Premium

 
Plus Policy Fee:
$
6.02
 

Total Sum
$
per month
$
per year
$
per fortnight**

 

** Note: Fortnightly payment frequency is for Direct Debit payments only.
The minimum total premium is $15 per month. (NZLife. recommends you consider increasing cover to optimise your premium cost).

The illustrated premiums for all Life benefits are valid for 30 days.

Insurance provided by Sovereign
Needs Calculators
  1. Life and/or Accident
  2. Critical Illness
  3. Permanent Disablement
  4. Income Protection

 

 

 
 

Accelerated or Standalone?
Accelerated: links the product with Life Insurance, to achieve a lower premium. Insured sum can not exceed Life Cover. On claim, the Life Insurance component is reduced by sum paid.
Standalone: is not linked to any other product. Any sum can be covered up to policy maximums.
Occupational Classes
Some jobs involve more physical and other risks than others. Occupations have therefore been graded into classes for Permanent Disablement and Income Protection premium purposes. They are:
  • Professional
  • General clerical
  • Tradepersons
  • Labourer
Contact us if uncertain which occupational class you are in.
Income Protection Options
Start Up Income Protection: designed for self employed in the first three year of starting a business.
Essential Disability: designed to cover major illnesses and complements ACC which covers accidents.
Comprehensive: a comprehensive income protection plan.
Agreed or Indemnity Value?
Agreed Value provides cover at a guaranteed level, less any income or benefits you are still receiving or are entitled to receive. The agreed value sum insured is based on evidence of income at the time of application. It is up to 55% of your gross income paid monthly, and is a tax paid benefit. Indemnity payments are based on up to 75% of your average monthly income prior to disability, and may be taxable. Evidence of income is only required on claim.
Wait Period
Your income protection insurance payments won't start until after your chosen "Wait period".
Waiver of premium
All Income Protection policies include a waiver so that you won't have to pay premiums while on a claim

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