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Life Insurance?

All-of-life insurance is a life insurance policy that covers you for death or a terminal illness in which the term of cover is for as long as you live, until you make a claim or decide to cancel.

Term life insurance covers you for death or a terminal illness for a set period of time. The cover period is usually a defined number of years or until you reach a certain age, or make a claim or cancel the policy.

As retirement approaches, many Kiwis find that their needs and financial plans can change quite dramatically. If you’re worried about what life’s later stages may bring, it’s not too late to set plans in place for your financial future and consider life insurance. Contact us at here

• everyday expenses such as regular bills, groceries and other household essentials;
• outstanding debt such as a mortgage, credit card or personal/car loan;
• childcare, or the cost of education for your children or grandchildren;
• end-of-life expenses such as medical care or funeral costs.

In some cases, your insurer may provide general cover but let you know that won’t be valid if you die while doing something risky like skydiving. To see exactly what’s excluded from your policy, always read the Policy Document for all terms and conditions, exclusions and any waiting periods. With Seniors Term Life Insurance, the only exclusion is self-inflicted injury that results in your death or terminal illness within 13 months of the policy commencement date.

While life insurance is designed to soften the blow to your family’s finances when you are no longer able to provide for them, funeral insurance has a much smaller benefit that is designed to cover the cost of a funeral or other final expenses.

Life insurance typically comes with a large benefit amount to cover longer term costs and things like the mortgage, outstanding bills, and to maintain your family’s lifestyle. Funeral insurance on the other hand usually has a limited amount of cover, however it can be a great way to help your family with any immediate final expenses associated with your passing.