This article will discuss the top 10 life insurance companies in New Zealand. Life insurance companies provide insurance coverage to individuals seeking protection in the case of loss arising from losing someone or health issues resulting in one inability to carry out certain activities.
Key Takeaways In This Article
• You will learn about life insurance companies.
• The top 10 best life insurance companies in New Zealand.
List Of The The Top 10 Best Life Insurance Companies In New Zealand
There are many life insurance companies in New Zealand that individuals can consider and utilize for their needs. Below is a list of the top 10 best life insurance companies in New Zealand.
1• AIA Group
AIA Group is one of the top life insurance companies in New Zealand, which provides access to numerous insurance policies. In addition to these insurance policies, they offer financial and legal advice to their clients.
Features
• There are future insurability benefits.
• There are parents grieving benefits attached.
• AIA Group provides bereavement support to their clients.
Price
• There’s a monthly premium of $120.37 on the insurance policy.
Pros
• They provide free insurance advice.
• It is easy to apply for an insurance policy.
• There are multi-policy discounts with AIA Group.
Cons
• AIA’s premium is very high.
2• Partners Life Limited
Partners Life Limited is an excellent insurance company that provides numerous policies, including Life Cover, Life Income Cover, and Terminal Illness Cover, amongst others one can consider.
Features
• Access to increasing the sum insured.
• Full income support to listed beneficiaries.
• Clients are free to pick from numerous insurance policies.
Price
• There’s a monthly premium of between $90 to $100 on an insurance policy.
Pros
• Their creditworthiness is high.
• There’s the availability of Live Chat.
• There are multiple life insurance policies available.
Cons
• Lack of insurance advisors.
• There are no special discounts available.
3• Cigna Life Insurance
Cigna Life Insurance is one of the best and more affordable life insurance companies in New Zealand. There are many life insurance policies that one can get with this particular insurance company.
Features
• An individual can increase their coverage up to 25%.
• There’s the ease of applying for an insurance policy.
• There are enough insurance advisers to help plan one’s coverage amount.
Price
• There’s a monthly premium of $98.31 on the insurance policy
Pros
• Their insurance policy is affordable.
• There’s a 30-day money-back guarantee.
• Cigna’s application process is straightforward and fast.
Cons
• There are limited benefits to insurance policies.
4• Asteron Life
Asteron Life is another life insurance company in New Zealand that offers a comprehensive life cover with several benefits. An individual can conveniently select from diverse insurance options when considering this provider.
Features
• Ease of including different insurance options.
• They offer a comprehensive list of an insurance policies.
• There’s access to a third-party insurance adviser.
Price
• There’s a monthly premium of $112.00 on the insurance policy
Pros
• There’s the availability of Live Chat.
• Access to third-party insurance advisers.
• The insurance company has a high creditworthiness.
Cons
• There’s no discount on the insurance policy.
5• Fidelity Life
Fidelity Life is one of the flexible insurance companies that individuals can consider and use for their respective life coverage. This insurance company’s policy has comprehensive benefits to meet one’s needs.
Features
• Insurance policy for ages between 16 and 75.
• Access to selecting the payment frequency for an insurance policy.
• Beneficiaries are fully compensated according to the insurance policy.
Price
• There’s a monthly premium of $116.97 on the insurance policy
Pros
• There’s no obligation for insurance advice.
• There are flexible options available for clients.
• The company has excellent financial strength.
Cons
• There are no special discounts.
6• Farmers Insurance Group
Farmers Insurance Group remains one of the top insurance companies that give individuals access to the best life insurance policies. This company offers numerous insurance policies, including home and car insurance.
Features
• Ease of selecting a preferred insurance policy.
• Insurance policy is backed with full coverage.
• Beneficiaries are completely compensated upon loss.
Price
• There’s a premium payment of between $5,000 to $150,000, depending on your preferred insurance policy.
Pros
• Availability of multiple discounts.
• There are a lot of agents in different states.
• There is additional coverage for individuals seeking an insurance policy.
Cons
• Their insurance coverage is limited to some states.
7• Pinnacle Life Insurance
Pinnacle Life Insurance is a good option if you want a life insurance policy that suits your budget. The company focuses predominantly on offering high-quality services to its clients.
Features
• It has an easy online application process.
• There are many life insurance policies available for clients.
• Access to numerous discounts depending on your health and lifestyle.
Price
• There’s a monthly premium of $15.60 on the insurance policy
Pros
• There’s a 30-day free look period.
• There’s a joint life policy discount of 7%.
• Individuals can decrease their cover.
Cons
• There are payment increases yearly.
8• Insurance Australia Group
Insurance Australia Group is a multinational insurance company that provides many insurance policies. It closely works with clients to provide the best insurance coverage to meet their needs.
Features
• Ease of selecting an insurance policy.
• Access to multiple insurance coverage policies.
• Clients are open to obtaining insurance advice.
Price
• There’s a monthly premium of $25 on the insurance policy
Pros
• Access to advisers on insurance policy.
• There’s a long list of experienced staff.
• There’s a fast and stress-free application process.
Cons
• There are lesser discounts on their insurance policies.
9• Southern Cross Life
Southern Cross Life is a well-recognized and reputable insurance company that residents in New Zealand can utilize for a life insurance policy. They are popularly known in New Zealand’s health sector and provide quality insurance coverage with numerous benefits.
Features
• They provide a complete insurance policy.
• Access to early payout for terminal illness.
• They work closely with some renowned health providers.
Price
• There’s a monthly premium of $13 on the insurance policy
Pros
• Fast-paced insurance application process.
• Access to numerous insurance policies aside from life insurance.
• Budget-friendly insurance policy enough to meet clients’ demands.
Cons
• High premium on insurance policies.
10• AA Insurance
Known as an ideal and suitable option for multiple life insurance policies in New Zealand is AA Insurance. The company helps to handle the rising need for excellent and detailed insurance policies by different individuals.
Features
• Fully packed access to health services.
• There are numerous insurance products available.
Price
• There’s a monthly premium of $7, but it could significantly increase given one’s age, health, and lifestyle.
Pros
• Flexibility of insurance policy and application.
• Additional insurance policies, including car insurance.
• The insurance company is trusted and of high reputation.
Cons
• There are limited benefits to insurance policies.
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Conclusion
Insurance companies are numerous and offer the best services that an individual can enjoy. An individual can conveniently consider either of the above-discussed life insurance companies as they are currently the best.
We hope this article provides enough information on the top 10 life insurance companies in New Zealand. Kindly visit our comment section for your views and opinions.
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