Cheap Life Insurance in New Zealand

A healthy discount on your insurance premiums may sound appealing, but could you be compromising on product quality?

When all major insurers are compared side-by-side there’s generally only 5% – 10% difference in price. If you’re promised a discount of 10% of more, we advise you to proceed with caution. More than likely you will end up being covered by a sub-standard policy, or some of the customisable parts of the product, like your wait period, payment period, or surgical excess, have been altered in order to reduce the overall cost. Only when a claim occurs will you know the true quality of your policy.

Before making any updates to your policy, be sure to ask for a copy of your advice on replacement business form as well as a personalised statement of advice – these will detail the reasons why your adviser is recommending you change providers and alter products.

Please feel free to contact us if you have any questions about your policy or if you require any insurance advice.

The opinions conveyed in this article are for general educational purposes only to provide information about the financial services industry. 

This information is not intended to provide specific advice or recommendations for any particular insurance, home loan, or investment product. You should not use this article to make any financial decisions, as we cannot assess your situation without thorough consultation. We highly recommend seeking professional advice from one of our qualified financial advisers. Get in touch on 0800 346 765 or email


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