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Why choose LifeOne?

We'll pay out if you pass away, or if you become critically ill.

There are a range of flexible cover options, and you can be covered for as little as $15 per week, so it's easy to give your family peace of mind.

  • Cigna Life Insurance New Zealand Limited

    Tailored for your stage in life
    and if your situation changes, it's easy to update your cover

  • Cigna Life Insurance New Zealand Limited

    Simple, affordable policies
    peace of mind for the price of a couple of coffees

  • Cigna Life Insurance New Zealand Limited

    Additional discounts and guarantees
    like a healthy living discount, and 30 days to change your mind

What's covered?

If the life insured dies, we'll pay a portion of the cover out early.

This will be able to be used for any expenses, and can help plan and prepare for the funeral.

An early payout if you are diagnosed with a terminal illness, to use for treatments or taking care of your family (up to $500,000)

This optional cover provides an early payout for critical illness so you can recover and support your family while you get better.

There are some exclusions for this cover, and we can talk through these as we process your application

  • In some cases we can't cover existing medical conditions

  • Death from war, terrorism or riot

  • Death by suicide or intentional self-injury, within 13 months of getting covered.

If the life insured dies, we'll pay a portion of the cover out early.

This will be able to be used for any expenses, and can help plan and prepare for the funeral.

An early payout if you are diagnosed with a terminal illness, to use for treatments or taking care of your family (up to $500,000)

This optional cover provides an early payout for critical illness so you can recover and support your family while you get better.

There are some exclusions for this cover, and we can talk through these as we process your application

  • In some cases we can't cover existing medical conditions

  • Death from war, terrorism or riot

  • Death by suicide or intentional self-injury, within 13 months of getting covered.

Can I apply for a new policy?

We’re continuing to accept applications for policies, but in light of the medical and financial impacts that COVID-19 is likely to have, we’ve made some changes to how we assess applications for underwritten products, such as Life Cover or Income Protection.

There may be heightened risk for applicants with certain occupations, employment status and underlying medical conditions. So we need to take these risks into account before we issue new policies.

Can I be covered if I smoke?

Yes.

Can I change my policy?

It's important to review your insurance regularly to make sure you have the right amount of cover you need. If your income changes, you may want to change your Benefit Amount to match 75% of your new income. You can apply to change your Benefit Amount, Benefit Term, Wait Period and how you pay your premiums at any time, simply contact us to discuss your options.

Any health, occupational or financial changes that occur after your policy starts may affect the terms of your cover if you change it - we'll make sure you know about any changes.

Can I reduce or increase the cover after my application has been submitted?

Yes. You can reduce or increase your requested insurance cover at any time during the assessment process. If you wish to increase cover, be aware that the process could take longer as additional information may be required.

How do I create a Will?

Most people use a professional service to write up their Will, and act as their executor. For instance, Public Trust can help you to create a new Will and also charge a set fee for executing it. See their website for more information.

If you’re thinking of writing your own Will, you could use a Will Kit to ensure you have every important detail recorded. Websites like www.nzwillkit.com and http://www.do-it-yourself-wills.co.nz/ offer them for a very low price. You can also find them in your local book store. Just ensure it has been signed and witnessed properly to make sure it’s valid.

Otherwise, Public Trust’s website outlines a number of options they can offer. You can also talk to your family lawyer if you have one.

For more details about getting your Will sorted, visit the Citizens Advice Bureau’s website or the NZ Law Society’s comprehensive guide.

How is a Life Insurance premium calculated?

A premium is calculated by a series of factors that relate to the person’s life expectancy, and therefore their likelihood of claiming in the near future. Life Insurance companies usually have a team of actuaries, who are responsible for the measurement and management of this risk and uncertainty.

When you apply for a Life Insurance policy, you might be asked questions like:

  • Your biological gender

  • Your age

  • Your medical history

  • Your family medical history

  • Whether or not you’re a smoker

Your answers to these questions will determine the premium you pay for the sum you want to be insured for.

Take a look at our adviser product

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