You never know when life will put you or your family in a situation that requires the need to have comprehensive life cover available. Whether it’s critical illness or injury, neither of them makes life easy. In fact, these can be the most stressful and overwhelming experiences for your family when you lose a loved one. The last thing you want to have happened is that your family struggles to make ends meet or recover after a tragic loss of life.
Life Insurance provides your family with a lump sum payment that coincides with your trauma coverage. How does this work? For instance, if you get a $500k life cover policy, there may be a $200k trauma cover policy within that coverage. So if you were to get cancer, your family would be paid the $200k, and then in the event of your untimely death, the remaining $300k is paid out. Life insurance helps take care of any financial burden that impacts your family, allowing them to focus on building their life ahead.
With life insurance, you’re able to use the funds to cover whatever expenses you deem necessary. There are no requirements on what the money paid out is allocated for. Compare now and get started.
When it comes to finding the best life insurance in New Zealand, there are more options than you can know what to do with, it is not price alone. How do you know which is best for you? Are you sure you’re getting the best deal? At Compare Life Cover, we provide you with the right choices that best fit you and your family’s specific needs through offering free advice. We ensure that you’re getting the best deal on cover you require and keep this intact by reviewing every 12 months.
Part of our advice process is to look at accelerated Life Cover options along side lump sum payouts. These can be modified as life continues. What works now may need to be altered in years to come. No point in paying large premiums if your life situation changes. This way, you get the right plan at the best price possible to ensure your family is protected in the event you are no longer able to.
We have a family of insurance websites. All our reviews are from various product requests across all our sites.
Blake really helped me understand how the Insurance scene works in New Zealand. The service was prompt and to the point. Would absolutely recommend him to all who need to make informed choices.
Hayley Evans is highly recommended broker, very professional communication excellent Hayley was able to help what I wanted I would recommend Hayley to others. My only regret was I did not do this sooner. Talahiva Riggs
Quick and easy, actually listen to what I wanted and didn’t try and push anything else on to me
Well knowledgeable and prompt when responding to queries
Very helpful and knowledgeable
Easy to deal with and got the right insurance, thanks Hayley
Great service and follow up ?
Life insurance is always a lump sum pay-out upon the death of a policy holder. People mainly get Life Cover when they have dependants or in a business situation you may have mutual business debt and should one of the partners die then a lump sum is either paid directly to the surviving shareholder(s) / Directors to enable the business to keep going. This is normally part of a business share holder agreement. Most couples these days when they take on debt eg: a Mortgage they will get Life Insurance as a minimum to cover the debt and leave funds for the surviving person or their kids.
With Life insurance you can have another person as the owner, when this happens the pay-out will go to that person only as the insurance company sees them as the owner not the person that passed away. When you do get Life insurance is important you have some WILL documentation that nominates how the assets and any cash will be disturbed. Often when a life policy is paid out there’s a significant amount of cash at stake and the last thing you want is to deal with a fight over who the money belongs to. This is very apparent with blended families, so if this is you, make sure you seek legal advice.
Compare Life Insurance is here to provide you with the expert advice and experience to choose the right life cover for you and your family.
Life cover is not easy to navigate and understand the right options that make the most sense for you. What is covered under one provider’s policy may not be covered under another. And you may not even realise it until it’s too late. When you Compare, our site is designed to guide you through every step of the way and point out the distinct differences between every policy you’re considering. We then offer a free advice call from one of the online advisers. These advisers are all qualified to give advice on insurance products including Life Insurance.
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