A lump sum paid in the event of death. Essential to protect your family, your business or any other financial commitments you may have. Life insurance simply creates an asset when it is needed most. Apart from providing a lump sum on your death, it also provides a lump sum on the diagnosis of a terminal illness.
While no amount of money can ever replace a loved one, it can provide the surviving family members with financial security at a time when they are at their most vulnerable.
Life insurance benefits can pay off the mortgage and other debts, provide for your children’s current and future education needs and act as a safeguard for your family’s financial wellbeing.
Life insurance is generally used to cancel out debts and provide an asset to generate future income for your dependents. How much life insurance is needed to adequately care for your family after you’re gone will depend on a number of factors, including:
Anyone between the ages of 16 & 74 who is either a New Zealand Citizen or a permanent resident is eligible to apply for life insurance. Note if you are in New Zealand on a work visa and are currently in the process of applying for residency you may also be eligible - Please contact us for further details on 0508 467 872.
If you are a New Zealand Citizen or a permanent resident who currently resides overseas, you may also be eligible for Life Insurance. Please contact us for further details on 0508 467 872.
All of the life insurance products offered through our site provide cover in the event of death by any reason (e.g. health, accident).
Suicide is excluded for the first 13 months of all contracts. The insurer may also decline a claim if you have not been honest when completing your application form (non-disclosure). If you are in doubt about the relevance of any medical condition you should always disclose this during the application process.
How much life insurance is needed to adequately care for your family after you’re gone will depend on a number of factors:
1. Any mortgages, personal or investment loans, credit cards, business guarantees and other debts.
2. The number of dependents you have and their ages.
3. Your level of savings (including superannuation, shares and other investments).
4. The amount of any existing insurance cover.
5. The need of an immediate lump sum to take care of funeral expenses.
To find out how much you need to insure for your life, please click here.