Life Insurance Cover and Benefits
Nobody knows what’s coming around the corner in life. That’s why we offer life insurance & living insurance, so you can prepare for the unexpected and help ensure your loved ones are taken care of — even if you’re no longer around
Here’s four great reasons to consider
Life Insurance & Living Insurance
1. It safeguards your income
If you’re unable to work due to illness, Income Protection Illness cover can help with the essential day-to-day expenses like mortgage repayments, rent or groceries — leaving you to focus on getting better.
2. It helps you cover costs with a lump sum payment
If you’re diagnosed with a defined medical condition, like a major heart attack or severe cancer, Serious Illness Trauma cover provides a lump sum payment. You can use this for anything you need — like extra medical care, to replace income, or for a holiday to recuperate.
3. It gives your family space to grieve
If you pass away, there may be a significant financial impact on your loved ones. Life cover can help reduce stress and give those you care about time to grieve and adjust to their changing circumstances.
4. It can cover your funeral
Funeral expenses cover is included complimentary with any nib Life Insurance or Living Insurance cover you choose. It pays a lump sum payment of $15,000 if you pass away or if you get a terminal diagnosis and are expected to die within the next 12 months. This can help your loved ones meet funeral expenses without financial stress or worry.
We make it easy with our Life & Living estimator tool. It walks you through some simple questions about your current lifestyle, then gives you information on the kind of cover we offer, how much cover you could get and what it might cost.
If you need help, you can also request a call from an insurance specialist, who can talk about what might be best for you.
Life Insurance and Living Insurance life stage guide
The amount of insurance you need will depend on your lifestyle, family situation and income. So what insurance might you consider at different ages and stages in life?
- Young and single
- Mortgage and/or kids
- Older with more assets
Young and single
In the early years of your career you’re possibly paying off student loans and spending a large portion of your pay on rent.
You might not have kids or many financial assets yet. So do you need insurance?
Income protection insurance is worth considering. Your ability to earn an income may be your biggest financial asset. As much as we’d like to think we’re invincible, illness and accidents can affect anyone. Would you be able to pay your rent and other expenses if you were suddenly unable to work for several months?
Our Living Insurance comes with options for Serious Illness Trauma cover and Income Protection Illness cover, which could help ease financial burdens if you were out of action for a while.
Young and single
In the early years of your career you’re possibly paying off student loans and spending a large portion of your pay on rent.
You might not have kids or many financial assets yet. So do you need insurance?
Income protection insurance is worth considering. Your ability to earn an income may be your biggest financial asset. As much as we’d like to think we’re invincible, illness and accidents can affect anyone. Would you be able to pay your rent and other expenses if you were suddenly unable to work for several months?
Our Living Insurance comes with options for Serious Illness Trauma cover and Income Protection Illness cover, which could help ease financial burdens if you were out of action for a while.
Applying for life insurance and living insurance cover
Everyone’s needs are different when it comes to Life Insurance & Living Insurance. That also means we need to talk through your application with you to help you get the best cover suitable for your specific needs.
Where to start?
Wondering what type of Life & Living Insurance cover you might need? Our estimator tool can help you work out the type and level of cover that could be right for you.
Talk to a specialist
Want to talk through your options or apply over the phone? You can talk to a Life & Living Insurance specialist who can answer your questions or start the application process.
Complete application form
If you know what you're after, and are ready to apply, download the application form and email the completed form to [email protected], opens in a new tab.
Important information
Only the main features and benefits of the Life & Living Insurance is outlined here. For a full explanation of all benefits, exclusions and other terms and conditions of the cover, view the Life & Living Insurance wording, opens in a new tab.
Life & Living Insurance is provided by nib nz insurance limited and is a related company of nib nz limited (“nib”). nib nz insurance limited issues and underwrites Life & Living Insurance products, and is solely responsible for claims under the cover. nib sells and may advise you on these products. Find out more about financial strength and financial advice with nib.