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Life Insurance

You can't predict the future, but you can help protect yourself against it. Life Insurance can provide a lump sum of money if you die or become terminally ill.

More than $86 million paid in claims last year
More than $86 million paid in claims last year

More than $73 million paid last year

Helping over 1,000 Kiwis

What is Life Insurance?

Life Insurance pays a lump sum of money if you pass away or become terminally ill. It is designed to help your family pay costs that you would have helped with if you were still alive.

Most people use Life Insurance for:

  • Ensuring funds to cover funeral expenses
  • Providing funds to their family after they've gone
  • Clearing debt such as credit card, personal loans, mortgage
  • Paying for childcare support if the person who passed away was the primary caregiver
  • Providing future financial support for their children
  • Some people who are terminally ill choose to access a portion of their life insurance to help with the cost of treatment or to tick experiences off their bucket list

Life Insurance benefits

Death benefit

Your family or nominated beneficiaries will receive a lump sum of money if you pass away.

Terminal illness benefit

Pays a lump sum if you are diagnosed with a terminal illness. You can use the money for your immediate care and help to plan a secure future for your family.

Funeral advancement

We will make an advance payment from your Life Cover when a life insurance claim is accepted. This pays for immediate expenses such as a funeral.

Financial planning

We will pay for your family to receive professional advice from an approved financial planner. This helps your family decide the best way to use the money they will receive.

Grief support

We will pay to help with the cost of professional grief support during the grieving process.

Funeral conversion

You can choose to convert some of your life cover to a level premium Funeral benefit.

Optional benefits you can choose to include:

If you have an existing policy with Asteron Life, your policy may be different from our current on-sale products, so it’s a good idea to check things with your adviser.

There are terms and conditions that apply to all benefits within Life Cover. Don't worry though, your adviser can take you through these and what they mean.

Other types of cover

If full Life Insurance is not for you, you may want to consider Accidental Death Insurance, which will pay a lump sum benefit if you pass away as a result of an accident.

Unsure?

Talking to an adviser will help you focus on what’s important to you, and it's even more effective with a little preparation.

Use our handy LifeSnap tool to prepare for your conversation with an adviser so you don't have to think on your feet!

Cocksy is a New Zealand celebrity builder, but a diagnosis of terminal cancer got him thinking about what he wanted to do with his life. His Asteron Life insurance is helping him live his life the way he wants to, and plan for what he wants to leave behind.

Ready to speak to an adviser?

If you would like to know more about Life Insurance we can put you in touch with an adviser who can explain the different options available.

Speak to an Adviser

Frequently asked questions

How much life insurance do I need?

How much you'll need if something happens isn't always obvious. Your adviser will work with you to uncover both the obvious and the hidden needs that crop up, so you can decide what your priorities are and how much you'll need.

Who gets the money should I die?

Generally, the person who owns the insurance policy or their nominated beneficiary will get the money. A financial adviser can help you make sure the money goes to the people you want to receive it, without any hiccups.