Level Term Life Insurance2018-11-21T23:20:24+00:00

Best Level Term Life Insurance for Kiwi’s

Term Life Insurance NZ

What is level term life insurance?

Term Life Insurance is a type of insurance in New Zealand that pays a lump-sum death benefit, if the insured passes away during the term, or has been diagnosed with a terminal illness and is not expected to live longer than 12 months.

Similarly, Term Life Trauma Insurance in New Zealand pays a lump-sum benefit, if the insured is diagnosed with a critical illness such as cancer, heart attack or stroke.

If you are between the ages of 18 and 70, Term Life Insurance offers life insurance premiums that don’t increase with age.

Term Life Insurance is a simple, economical way to secure your family’s financial security.

The younger you are when you apply, the lower your premium rates are.

Apply now – before your next birthday – and you will pay a lower premium.

The premium you pay when you apply is guaranteed not to increase during the term you select.

Term Life Insurance NZ

Why consider level term life insurance?

Term Life Insurance is a type of insurance in New Zealand that pays a lump-sum death benefit, if the insured passes away during the term, or has been diagnosed with a terminal illness and is not expected to live longer than 12 months.

Similarly, Term Life Trauma Insurance in New Zealand pays a lump-sum benefit, if the insured is diagnosed with a critical illness such as cancer, heart attack or stroke.

If you are between the ages of 18 and 70, Term Life Insurance offers life insurance premiums that don’t increase with age.

Term Life Insurance is a simple, economical way to secure your family’s financial security.

The younger you are when you apply, the lower your premium rates are.

Apply now – before your next birthday – and you will pay a lower premium.

The premium you pay when you apply is guaranteed not to increase during the term you select.

Comparison of term life insurance quotes

How would you like to have a life insurance policy that is guaranteed not to increase for 10, 20 or 30 years?

If you don’t smoke and weigh a “normal” weight based on your height and gender, chances are you qualify for preferred rates.

We don’t promote one company or one policy. That’s your choice.

But we represent the top-rated companies with the best life insurance in New Zealand that:

  • Guarantee premiums do not increase and have the
  • Strongest credit rating (ability to pay your claim)
wdt_IDCompanyCredit RatingApproval TimeCover AmountMonthly Premiums*
19AsteronA+ (Very Strong)
Standard & Poor's
0-30 Days$250,000$73.94
20SovereignA+ (Superior)
A. M. Best
7-30 Days$250,000$79.88
21Fidelity LifeA- (Excellent)
A.M. Best
0-30 Days$250,000$81.31
22AIAAA- (Very Strong)
Standard & Poor's
7-30 Days$250,000$88.01

*Prices are an estimate based on a 40-year-old non-smoking male office worker. Quotes last checked 12 November 2018 and are subject to change. 

Advantages and Disadvantages

Key Benefits of Term Life Insurance

Main disadvantages of term life insurance

Term Life Insurance FAQ’s

Is term life insurance right for me?

For most people, the answer is: yes!

It is important to consider how many years you want life insurance. And if the answer is more than 7 to 10 years, term life insurance provides you with the best value for money. Yearly renewable premiums can sometimes cost 5 to 20 times more than term life insurance.