Life Cover

 Eligible entry ages 16 – 60*
 Maximum sum insured $2,000,000
 Cover ends Age 100
 Benefit type Lump sum payment
 Free look period 14 days to ensure you are happy with your policy
  * ages outside of this range will be considered on an individual basis.

What benefits are included in my cover for no additional premium? Terminal Illness Benefit
Being told you have less than a year to live would be devastating.  In such a situation you deserve to spend your money on the things that matter to you rather than worrying about bills and expenses.  In recognition of this, the Provider will pay the sum insured in advance if you are diagnosed with a terminal illness and your life expectancy is no greater than 12 months.

Bereavement Support Benefit
We recognise there are immediate expenses associated with the death of a loved one.  In order to assist with these expenses, this benefit pays a lump sum of $5,000 in advance immediately upon written notification of the death of a life insured.

What options can I add to my cover?

Future Insurability Option
This option allows the sum insured to be increased, regardless of the life insured’s state of health, by up to 20% on every third policy anniversary date.  This could be particularly useful if your health has deteriorated since taking out the original life cover, and it has not been possible to obtain new life cover.  An additional premium applies to this option.

SimpleLife Cover
What are the benefits of SimpleLife Cover? (only six questions to answer)

  • Interim Accidental Death Cover of the sum insured while your application is being processed
  • Accelerated Funeral Advancement payment of $10,000 paid out immediately on formal notification of your death, to help with expenses.
  • Terminal Illness Advancement Benefit the sum insured will be paid out if you are diagnosed with a terminal illness.
  • Special Events Increase facility allows you to increase your sum insured by $50,000 (prior to age 55) without having to provide any further medical evidence (up to $250,000 total cover).  This facility is available in certain circumstances, such as marriage, birth of a child, increasing your mortgage etc allowing you to increase your cover as your circumstances change. 
  • The premiums payable are competitive and are payable either fortnightly, monthly or annually in advance.
  • A 10% discount for paying your premium annually.
  • A 10% discount for joint applicants.
  • 30 day free-look period.
  • Underwritten by one of the largest reinsurance companies worldwide.

 

For more information about TMFNZ products, please complete the TMFNZ enquiry form.