Free Stepped vs Level Premium Calculator for New Zealanders
Stepped premiums start cheap and rise with age. Level premiums start higher but stay flat. Stepped is usually cheaper for younger people who don't plan to hold cover for decades. Level wins for long-term holders.
Your cover
35 years
years
30 years
years
$45/mo
$
$95/mo
$
Total cost over 30 years
Level wins
saves $42,300 over the period
Comparing a $45/mo stepped vs $95/mo level premium over 30 years, starting age 35.
Stepped total cost$77,400
Level total cost$34,200
Crossover (stepped exceeds level)~year 8
Stepped premium at end$370/mo
About our Stepped vs Level 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.