Life Insurance pays out a tax-free lump sum if you die or are diagnosed with a terminal illness. The lump sum will be paid to the policy owner. If you are the policy owner and the life insured, it will be paid to your estate.
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Back to basics – how does Life Insurance work in NZ
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What is Whole of Life, Cash Value and Level Premium insurance?
Because of the long-term nature of life insurance, some older style policies are still active. And, when you ask your parents or older people for advice about cover, they might talk about kinds of policies that are no longer available. What are they and why not?
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How does mental health affect life insurance? A simple guide
Mental Health is an area where it pays to check your life insurance policy carefully. Every provider is different, which can make comparisons confusing. You may have heard that insurers are out to 'trick you' and make sure that they won't have to pay out, but they're not that devious or mean spirited – at least Pinnacle Life isn’t anyway!
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How many conditions should a trauma insurance policy cover?
Late last year, Gen Re published the findings from their 8th 'Dread Disease' survey. The survey found that over time more and more conditions are being covered. The maximum number of conditions covered in 2019 was 168!
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Life Insurance and Pandemics: What You Need to Know About Coverage and Claims
When it comes to life insurance, what is the impact of the global pandemic?
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Life Insurance 101: When don't I need Life Insurance?
Only some people need life insurance. You probably don't need a life policy if you are single, financially independent, don't have large debts, or if you own a property or business that can be easily sold upon your death.
