skip to main content

Now's a good time to review your insurance

Take 5 minutes to check your cover still suits your needs

Personal review

Life is full of changes. Your policy anniversary is the ideal time to make sure your cover still meets your needs and budget. There may have been changes in your circumstances over the past 12 months that mean your insurance needs a fresh look.

Have you:

  • Started a family?
  • Purchased a new home or investment property?
  • Changed your relationship status?
  • Moved jobs or retired?
  • Increased or decreased your mortgage?
  • Started a new business?

It’s also a good opportunity to remind yourself of the real value of your insurance and to consider the potential impacts of not having cover.

Chubb Life benefits - when you need them

Chubb Life client benefits are available at no additional cost to the policy owner, life assured and their dependent children. They could provide some vital help when life throws you a curve ball.

Client benefits:

  • Wellness advice
  • Mental health counselling
  • Budgeting advice
  • Legal advice
  • Career counselling
For more information about client benefits and how to access them, including full terms and conditions, click here
Assess

Do you have the protection you need?

Ask yourself: The facts: More facts:

If I were to die, would my family have enough money to support themselves for a period of time?

Life Cover provides a lump-sum payment in the event of death or terminal illness. It could be used to repay debt, replace lost income or to become mortgage free.

Every 90 minutes, a New Zealander dies from coronary heart disease.

If an accident or illness meant I was unable to work for a few months, do I have enough savings to compensate for my lost income and maintain my current lifestyle?

Income Cover pays you a monthly amount to compensate for lost income due to a disability, resulting from an accident or illness.

The average weekly household expenditure in New Zealand in 2023 was $1,598 per week.

If I was diagnosed with a serious illness, would I have enough money to support my family while I receive treatment and recover?

Trauma Cover/Critical Illness Cover provides a lump-sum payment if you experience one of the covered serious medical conditions. You can use it for whatever you choose i.e to replace lost income, pay for medical treatment or any additional help you may need.

It's estimated that 1 in 3 New Zealanders who get cancer are cured.

If an illness or injury meant I could never work again, would my family suffer financial hardship?

Complete Disablement Cover provides a lump-sum payment in the event you become completely disabled. You can use it to seek alternative treatment, replace a lost income or pay for medical costs - it's up to you.

In 2023, 17% of New Zealand household population were identified as disabled.

If I became ill or had an accident which meant I could no longer work, could I afford my mortgage repayments, rent obligations and key living expenses without income?

Mortgage Repayment Cover/Expenses Cover pays you a monthly amount to cover your mortgage repayments, rental obligations and regular living expenses if you become totally disabled as a result of illness or accident.

In 2024, the average weekly household mortgage repayment expenditure was $658.20 per week
Cost

Keeping your cover affordable

Here are some tips to keep your premiums within your budget, without giving up the cover you need:

  • Smokers pay higher premiums so it pays to quit. Once you’ve been a non-smoker for 12 months you can ask us to lower your premiums.
  • If you are paying extra due to health reasons and believe your health has significantly improved, you can ask us to review your premium.
  • There are a number of ways to alter the type of cover you have and lower the cost depending on the type or product and cover you have you may be able to reduce the amount of cover, increase a waiting period or remove optional benefits and covers. 
  • If you get behind with your payments or have been made redundant, get in touch. We will work with you through tough times to help you keep your valuable cover.

Business review

Owning and running a business can be full of constant change. Your policy anniversary is the ideal time to make sure your cover still meets your needs and budget. There may have been changes in your circumstances over the past 12 months that mean your insurance needs a fresh look.

It’s also a good opportunity to remind yourself of the real value of your insurance and to consider the potential impacts of not having the right cover in place.

Have you:

  • Sold a business?
  • Expanded your business?
  • Hired new staff?
  • Started a new business?
  • Changed shareholding?
  • Taken on additional debt?
  • Restructured your business?
Benefits

Chubb Life client benefits

Chubb Life client benefits are available at no additional cost to the policy owner, life assured and their dependent children. They could provide some vital help when life throws you a curve ball.

Client benefits:

  • Wellness advice
  • Mental health counselling
  • Budgeting advice
  • Legal advice
  • Career counselling
For more information about client benefits and how to access them, including full terms and conditions, click here
Assess

Can you afford not to have business insurance?

It's in our nature to be optimistic and we all like to think 'it'll never happen to me.' But the reality is at some point many businesses are faced with illness, injury or even an unexpected death that may impact your ability to continue your business.

Ask yourself: The facts: More facts:

If a key person or I were to die tomorrow, would my business be able to continue operating?

Every 90 minutes, a New Zealander dies from coronary heart disease.

Every year, more than 600 people die from breast cancer in New Zealand - almost two every day.

If the key person or I had an accident or became seriouslty ill and were unable to work, could my business repay debt and ongoing expenses?

One in 20 adults have been diagnosed with coronary heart disease.

There are an estimated 89,000 stroke survivors in New Zealand. Many are disabled and need significant daily support.

Do I have a plan in place to buy out my business partner or sell my business if either of us could no longer contribute to the business due to an illness, injury or death?

In 2023, the incidence rate was 98 claims per 1,000 FTEs for self-employed people compared to 85 claims per 1,000 FTEs for employees.

37% of injured people take longer than 10 weeks to return to work.

Could my business survive if I were unable to generate any income for a period of time (i.e. 6-12 months)?

-

In 2023, 226,600 claims were made to ACC for work-related injury.

Talk to your Financial Adviser about the options available to you or call us on 0508 464 999.

Important information. This content is for information purposes only.  Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a financial advice service under the Financial Markets Conduct Act 2013. You should seek professional financial advice relevant to your individual circumstances. Please refer to the applicable policy wordings for full details of product benefits, criteria, exclusions and limits. This information is based on information current as at July 2025 and is subject to change. To the extent permitted by law, Chubb Life does not accept any responsibility or liability arising from your use of this information.

Chubb Life Insurance New Zealand Limited (Chubb Life)