Free KiwiSaver vs Life Insurance Trade-off for New Zealanders
The same monthly dollar can either grow inside KiwiSaver or buy life cover. Life cover wins if you pass away. KiwiSaver wins if you live to retirement. This calculator shows both outcomes side by side.
The trade-off
$50
$
35 years
years
$300,000
$
5.5%
%
KiwiSaver balance at 65
$56,400
vs $300,000 life cover if death occurs
Allocating $50/month from age 35 at a 5.5% KiwiSaver return.
Total contributed over the period$18,000
KiwiSaver compound growth$38,400
Life cover total cost over period$18,000
Life cover only pays if you die$300,000
About our KiwiSaver vs Life Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.