skip to main content

Writing a will

If you’re in the process of investigating Life Insurance you might want to consider writing or updating your will at the same time. In this section you’ll find information on writing a will and how it can have an impact on your life insurance policy.

Why write a will?

Some things to consider
Some things to consider

Your life insurance policy will pay out at the time of your death. You can detail in your will how the life insurance payout should be used, particularly if you could be leaving behind dependent children.

You may wish to note that a portion of the cover is used to payoff the remaining mortgage on your property and that the property, which could be held in a Family Trust, is to be inherited by your children when they reach the age of 18. A second portion of cover could be designated for use by the appointed guardian.

Generally, writing a will is a way to make sure that your financial legacy is protected and passed down to your children.

In most cases it’s the details that get left behind when writing a will.

You may note that you want your home to be paid off and placed in a trust, but you may forget to list who you would like to live in it, or even who manages the property if't is to be rented out.

There’s also the issue of listing only one guardian for your children, or listing a couple and joint guardians but not noting whether this would change if the couple gets divorced or passes away before you.

Valuable material possessions are another issue to consider. If you have items of great value you may wish to leave them to specific friends of family members to avoid arguments.

Normally you name at least one 'executor' as part of your will. Executors manage the estate of the deceased.

Protection for all life's events
Protection for all life's events

Having a child

Learn about the benefits of investing in life insurance when you start a family.

Buying a house

Find out why it’s a good idea to invest in a life insurance policy when you become a homeowner.

Getting married

Protect your new partner with an updated life insurance policy.

Contact us
Contact us

More than just life insurance

The right life insurance can you bring peace of mind from knowing that you've protected what matters most.

Your insurance is underwritten by Chubb Life Insurance New Zealand Limited (Chubb Life). Chubb Life has an A (Excellent) financial strength rating given by A.M. Best Company Inc. A summary of the rating scale is: A++, A+ Superior | A, A- Excellent | B++, B+ Good | B, B- Fair | C++, C+ Marginal | C, C- Weak | D Poor | E Under Regulatory Supervision | F In Liquidation | S Suspended. For the full rating scale and more rating information visit