They say in life only two things are certainties – death and taxes.
You do not need a life insurance calculator to tell you that!
Is A Life Insurance Calculator Needed?
Statistics tells us that in 2013 there were 29,568 deaths registered in New Zealand.
When you look at the statistics in more detail we can tell you that people between the age of 35-40 make up 1% of those deaths while people aged 55-60 make up almost 5%. Of course most of the population these days lives beyond 80-years old, but if you were to die at an earlier age you want to know that your family is going to be okay financially.
But I Already Have Life Cover!
Most banks and insurance companies will calculate how much life insurance I need based on how much debt you have,