Life Insurance
A lump sum paid to the people who depend on you, if you pass away — so debts, education, and daily life can carry on.
What life insurance actually covers
Life insurance is the foundation most other cover is built around. It pays a tax-free lump sum to your chosen beneficiaries if you die, giving your family breathing room at the hardest possible time — enough to clear the mortgage, replace your income for a period, and keep long-term plans like your children's education on track.
Who it's for
- You have a partner, children, or other dependants who rely on your income
- You hold debt — a mortgage, business loan, or other liability — that would fall to someone else
- You want funeral and estate costs covered without draining savings
- You're a business owner with a loan personally guaranteed
What it covers
- A tax-free lump sum paid to your nominated beneficiaries or estate
- Cover amounts typically set to clear debt and replace a number of years' income
- Options for level or decreasing cover, matched to your mortgage or loan term
- Optional accelerated payment for terminal illness
Common scenarios
A couple with a new mortgage and a baby take out life cover sized to clear the home loan and fund five years of childcare and living costs, should either parent pass away.
A director with a business loan takes life cover assigned to the bank, so the loan doesn't fall to their family if something happens to them.
Frequently asked
It depends on your debt, dependants, and income — a common starting point is outstanding debt plus 5–10 years of income, adjusted for your specific circumstances. We'll calculate a figure with you, not for you.
Yes — life insurance lump sum payouts in New Zealand are generally tax-free to your beneficiaries.
Yes. Cover can usually be increased (subject to health checks) or decreased as your circumstances change, and we review this with you regularly.
Ready to talk about life insurance?
Book a free consultation and we'll walk through your options — no pressure, no jargon.
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