Life Insurance

As your financial adviser, we will help you put protection in place to provide financial assistance in the event of your death, and the resulting loss of income. We help you determine the amount of Life Insurance you need to meet your objectives based on a full Insurance needs analysis.

What is life insurance?

This is one of the most simple but important types of insurance you can have. It protects your loved ones futures by providing them with a lump sum payment if you pass away, or are diagnosed with a terminal illness.

Why you need it
  • Can the family pay the mortgage without you?
  • Could they take time off work and look after you if you're terminally ill?
  • What about funeral costs?
Life insurance is your way of looking after your loved ones when you’re gone.

Key benefits of our life insurance
  • Receive an upfront payment of $15,000 to help with immediate expenses like funeral costs
  • Reimbursement for the costs (up to $20,000) of returning the life assured’s body to New Zealand if they die while overseas
  • Access to an early payment if you’re diagnosed as terminally ill

Choosing the right premium option
When it comes to life insurance, a policyholder will either be charged a level rated premium or one that increases each year at a fixed percentage (i.e. an escalated premium) or in line with the age rated increases matching the increase in risk. It is important for policyholders to understand the difference between these premium patterns so that they can ensure they are paying the most appropriate rate for their life insurance, both now and in future.

Find out more

Three different types of life cover

Built in Benefits

1Terminal Illness Benefit
Provides an early payment of your Life Cover if you are diagnosed as being terminally ill and likely to die within 12 months. This means you can spend your remaining time with your family and loved ones without worrying about your finances.
2Specified Terminal Conditions Benefit
If you suffer one of the specified terminal conditions, you can choose to have 30% of your sum assured up to $250,000 paid in advance. Some terminal conditions, such as motor neurone disease, offer longer survival rates but can have a significant impact on your lifestyle. This benefit enables you to make any immediate changes to your situation, as required.
3Financial and Legal Advice Benefit
This enables you at claim time to access financial and legal advice from your insurer to an approved financial adviser or legal professional. Most of the insurers we work with will reimburse you for fees up to $2,500 (incl. GST). This is a oneoff payment across all policies for each life assured.
4Bereavement Support
Pays an upfront lump sum of $15,000 which can be used to pay for funeral costs or any other expenses as needed. This payment will be deducted from the life assured’s sum assured.
5Special Events Total Permanent Disablement/ Trauma Facility
We want to make it easy for you to add additional benefits to your Life Cover without needing to provide further medical information. At the time of a special event, you can apply to add a limited amount of ‘accelerated’ Critical Conditions cover, ‘accelerated’ Progressive Care or ‘accelerated’ Total Permanent Disablement cover to your Life Cover.
6Parents Grieving Benefit
If the worst should happen to your child and they pass away, insurers will help with associated expenses. The policy will pay you $2,000 for children aged under 10 years and $15,000 for children between 10-21 years of age.
7Repatriation Benefit
We will reimburse you for the costs (5% of the Life Cover sum assured up to $20,000) of returning the life assured’s body to New Zealand if they die while overseas. This payment will be deducted from the sum assured.
8Special Events Increase Facility
Enables you to increase the sum assured under your cover following a significant event in your life which results in increasing financial responsibilities. These significant events include: having a child, your child starting secondary school, taking out or increasing a residential home loan or receiving a salary increase and other major events.
9Premium Conversion Facility
You have the option to convert all or part of your sum assured to a level premium structure without further medical underwriting.
10Counselling Benefit
Most of our chosen insurer partners will pay up to $2,500 (incl. GST) to cover the cost of a Psychiatrist or Psychologist consultation and counselling for you and/or your family where the treatment directly relates to a claim.
11Suspension of Premium Benefit
Enables you to suspend your life insurance should you go on parental leave or on leave without pay for any reason, for up to 12 months. You cannot claim during this time or in the future for any health related conditions that occur during this suspension period.
12Worldwide Cover
Whether you’re at home, travelling or living overseas for any period, you remain insured.

Optional benefits you can add on:

Future Insurability Benefit

You can apply to increase your sum assured at every third policy anniversary without providing any further medical information. Limits and conditions apply and every increase in cover will result in an increase in premium.

Waiver of Premium

This can remove the burden of paying premiums when you are unable to work due to total disability. We will waive your premium payments, while your insurance remains in place.

Accidental Injury Cover

You will receive a single up-front payment, should you be injured accidentally. You can use it for whatever you need: covering treatment costs, getting taxis to work, hiring someone to help with children, or simply taking time off work to recover. You choose how much cover you need, up to $5,000 a month, the lump sum you receive is based on the treatment you require. Making a claim under this optional benefit is not affected by payments from ACC or other in.
For a complimentary consultation book an appointment today