Life Insurance

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

You may also choose to have Accidental Death Cover that will only pay a lump sum benefit if you pass away as a result of an accident.

Are you and your family protected?

If you or your partner died suddenly, what position would you leave your family in?

Loss of income in these cases can have an immediate and long term impact on your loved ones left behind. A substantial remaining debt, such as a Home Loan still requires the same repayment no matter the circumstances. Life Cover benefits your family, allowing them to maintain the life that you both dreamed of.

For example, during the Feb 2011 Earthquake the average Life Cover pay-out was $176 000. If this was the pay-out for your family-would it be enough to cover your mortgage or would you need to sell your house?

The Benefits of Life Cover

Life Insurance Cover allows you to leave behind a lump sum benefit for your loved ones. It’s easy to apply for with our professional insurance brokers. We will explain all of the types of cover options available to give you peace of mind should the unthinkable happen.

Other benefits that can be added to life cover include:

  • Terminal Illness Booster-this boosts life cover by up to 25%           
  • We Pay Your Premiums-basically insurance for the life insurance policy
  • Level Term Cover-this allows you to keep the premium the same each year up to age 80.
  • Special Events Increase-increase your sum insured without further medical underwriting

Common questions about Life Cover

How much life cover do I need?

The level of life insurance cover you choose will depend on your needs. Things you'll need to consider:

  • Do you have a mortgage to cover?
  • How about credit card debt or any other hire purchases?
  • Will your partner/spouse survive with a loss of your income?
  • Do you have enough money to cover for your funeral costs? 
  • Can I use my life cover on anything?

If your claim is accepted, it's up to you to decide how to use the money. Maybe you'll need to settle debt - such as your mortgage, day-to-day bills, or to ensure that your family's lifestyle is less affected without your income.

Can my spouse/partner be covered too?

We don't offer joint life insurance cover but your spouse/partner can apply for Life Cover separately.

Would you like to explore your Life Cover Insurance options?

For more information on Life Cover Insurance please contact us at Advanced Insurance Solutions so we can help you with any questions you might have, and to assist you into the best option for your personal circumstance.

To see how insurance cover would best suit you and your circumstances feel free to contact our Insurance Adviser, Sarah Bately.

Latest News

Miller, Scott
27 May 2024

Published by Scott Miller

  • Great experience chatting with Sarah about our insurances. She’s very knowledgeable and explains everything clearly, always makes sure that we have all the information to make an informed decision about how and where is the best place to put our money. Also helps that she’s absolutely lovely and very easy to talk to
    Sarah Martin - 22 May 2024
  • Scott has been absolutely incredible. I was initially hesitant to use a broker but I am beyond glad I did. Prompt, insightful, and reliable - will be using his services into the future.
    Kaleb McCall - 17 May 2024
  • We have never used a Mortgage Broker in the past and Scott Miller was amazing and made our refinancing journey very simple and straightforward. He is very knowledgeable and professional; would highly recommend Advanced Mortgage Solutions to anyone.
    Many thanks Scott.
    Alison and Colin Philip - 10 May 2024
  • I chose to work with Greg to help me buy my first home and I'm so glad I did! I honestly can't recommend him enough, he made the whole process so easy and stress free, helped me every step of the way to understand what I needed to do next and a lot of the time was doing all the work for me. Such an absolute pleasure to deal with, I sincerely appreciate everything so much and will be referring everyone I know your way!
    Cara Eve - 02 May 2024
  • For anyone considering or even contemplating a broker + advisor combination, look no further! I consider myself loyal to those who are strong to their word, provide genuine help and are able to put it in plain English so I can make an informed decision based on my circumstances.
    Leith Skinner - 30 April 2024