Affordable Life Insurance – Can You Afford Not To?

It used to be that life insurance in NZ was very expensive and even not available to many people.  But things have changed in recent years.

It’s now entirely possible for most people including over 50s to get life insurance cover.  And as life expectancy grows, it becomes even more important for you to take out life insurance.

Why do you need life insurance?

It used to be that the life insurance products were limited to term life, whole of life or funeral insurance cover.  But these days life is more complex and you need to think of other commitments where a whole of life insurance policy can protect you.

For example:

• To pay-off a mortgage.
• Provide a cash sum for surviving dependents
• Clear outstanding debt so your family isn’t burdened
• Medical insurance costs for your ageing spouse.

It’s essential that you speak to an experienced life insurance broker and adviser who can help you through the array of different insurance products.

What does life cover give you?

You might be surprised at how flexible and advantageous life insurance can be.

• You can start life insurance cover up to age 70 next birthday so you can start protection much later in life.
• Cover up to age 100 which means your dependents are protected even longer.
• Level premiums that don’t increase with age so you can manage your cash-flow
• Premium return if you reach 100. Imagine the party you can have.

Who provides life cover?

More insurance companies provide life insurance for people even for new policies for those over 50.  These include AMP, AXA and Southern Cross, all names you can trust.

The longer you wait, the higher your premium so for a free, no-obligation life insurance quote you can:

email leo_harper@amp.co.nz or phone 09 303 1541