Personal Insurance Needs Estimator Personal Risk Management - Needs Indicator You can use this form to assess your exposure to life and disability risks which could financially impact you or your dependents. IMPORTANT NOTE: PLEASE READ: By using this calculator, you acknowledge and accept that the calculations in this quiz are designed as an indication of your needs - they are not personalised advice. If you are unsure or would like personalised advice on your specific needs and how to structure your insurance programme, we recommend you seek advice from a qualified adviser. Some Information About You First Name * Surname * Your email address * Phone Number Numbers only please Life Insurance Needs In this section we will take a look at life your life insurance needs. Does anyone in your life rely on you financially? * Yes No Are you a stay-at-home parent with dependent children and partner on whose income you rely? Yes No Unless required for your mortgage, it is unlikely that you will need life insurance cover at this time. If you already have cover in place and would like an opinion on whether to retain that cover, please get in touch with one of us. In light of having dependents who rely on you or your partner financially, please answer the following questions to provide a guide on how much, if any, Life insurance cover you may need. Life Insurance Calculations How big a funeral would you like? * $ Enter a number from $10,000 to $50,000 How much do you owe on your mortgage? * $ Enter a number from $0 to $5,000,000 Do you have any other debt? $ If so, please enter the amount here. Educational Funding for the Kids How many dependent children do you have? * If you have no children, please enter 0 If you passed away, would you want to set up a fund for your children's tertiary studies? * Yes No If you passed away, would you want to provide for your children to attend college or university? How much would you like to provide for each child per year of study? $ For how many years? * How many years of tertiary study would you like to provide for for each child? Replacement Income Taking into account any reduction in your mortgage, how much of your income would need to be replaced if you passed away? Please enter the amount of income replacement required (annually) $ For how many years? Please enter the number of years you would like the income replacement for? e.g. if you would like to provide income replacement for 5 years - enter number 5. Existing Assets Do you have assets which would be available to offset your life insurance needs? Cash Reserves Current Life Insurance If the only life insurance you have in place is accidental death cover, enter $0 here. Savings and Investments KiwiSaver Balance Other Assets Life Insurance Results Total Funeral and Debt $ Total Childrens Education $ Income Replacement Needs $ Less Existing Assets $ Total Estimated Life Insurance Needs $ Next - Life Insurance Results
