Needs Calculator

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.

The account also includes disbursements and other charges which may include church/venue fees, doctor's certificates, catering; service sheets; minister or celebrant; flowers; newspaper notices; organist, interment fees, DVD presentations & recordings, memorial books and death certificates. These costs are usually paid by the funeral director on behalf of the family and the cost then passed on to the family.

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

Fill in the fields indicated with the arrow and click on Enter.

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

Possible Expenses on death		Example
Funeral and Administration Costs and (suggest min $8000)	$	$8000
Overdraft, Personal loans, Credit cards, Store cards, HP	$	$2000
Outstanding Tax, GST, rates.	$	$1000
Total Mortgages to pay	$	$00000
Other (including childrens education, wedding etc)	$	$20000
Total expenses	$	$31000

Realisable Assets
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 GoldenLife. is $50,000

If you need more cover obtain a quote through www.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.