For descriptions on each of the types of cover, visit the sections above under Personal Insurance
Life Insurance
Life Cover can provide a lump-sum payment when you die and is essential for those with family, business or other financial commitments.
What plans have you put in place for when you die?
Will your family be able to cope financially without you?
The facts are:
On average, there is one death in New Zealand every
19 minutes.1
Every 90 minutes, a New Zealander dies from a heart attack (17 deaths a day).3
The facts are:
Heart disease, cancer and stroke are the three leading causes of death in New Zealand and together account for over 60% of all adult deaths in any given year.
Respiratory diseases claim another 10% of those deaths. Motor vehicle accidents will cause another 3% of all deaths in a year with 80% of those being of teenagers and young adults.2
The facts are:
In 2003, there were 18,586 new cancer cases. Twenty-eight per cent of cancer related deaths were of people between the ages of 25 and 64.5 .
How it can help:
MORTGAGE REPAYMENT If the unexpected happens, there will be more resources
to help pay off your home loan, and safeguard your family’s future.
DAY-TO-DAY LIVING EXPENSES Those everyday bills might not seem too much of a burden, but they can really add up. Would your family be able to cover living expenses without you?
RAISING CHILDREN The cost of raising a family is significant. Life Cover can help ensure that your kids have the schooling and upbringing you’d want for them, if you weren’t around.
PROTECT RETIREMENT SAVINGS In the event of death, there’s a lump sum available, which means the nest egg planned for you, your partner
and family isn’t put in jeopardy.
FUNERAL EXPENSES Your family will be safeguarded from the significant cost
of a funeral and related expenses
TERMINAL ILLNESS
With most insurers up to 100% of the Life Cover benefit is available if you are diagnosed as being terminally ill and likely to die within 12 months of the diagnosis. The Life Cover benefit is reduced by the amount of any terminal illness benefit paid.
