LifeOne® Life Insurance

Yes.

It's important to review your insurance regularly to make sure you have the right amount of cover you need. If your income changes, you may want to change your Benefit Amount to match 75% of your new income. You can apply to change your Benefit Amount, Benefit Term, Wait Period and how you pay your premiums at any time, simply contact us to discuss your options.

Any health, occupational or financial changes that occur after your policy starts may affect the terms of your cover if you change it - we'll make sure you know about any changes.

Yes. You can reduce or increase your requested insurance cover at any time during the assessment process. If you wish to increase cover, be aware that the process could take longer as additional information may be required.

Most people use a professional service to create their will, and act as their executor. For example, Public Trust can help you to create a new will and also charge a set fee for executing it. See their website for more information

If you’re thinking of writing your own will, you could use a will kit to ensure you have every important detail recorded. Websites like New Zealand Will Kit and Do-it-yourself-Wills offer them for a very low price. You can also find them in your local book store. Just ensure it has been signed and witnessed properly to make sure it’s valid.

Otherwise, Public Trust’s website outlines a number of options they can offer. You can also talk to your family lawyer if you have one.

For more details about getting your will sorted, visit the Citizens Advice Bureau’s website or the NZ Law Society’s comprehensive guide

Learn more about writing a will 

Premiums are calculated by assessing a range of factors that relate to the person’s life expectancy, and therefore their likelihood of claiming in the near future. Life insurance companies usually have a team of actuaries, who are responsible for the measurement and management of this risk and uncertainty.

When you apply for a life insurance policy, you might be asked questions about:

• your biological sex

• your age

• your medical history

• your family medical history

• whether or not you’re a smoker
   

Your answers to these questions will determine the premium you pay for the sum you want to be insured for.

If you need insurance to cover the bills or your mortgage or rent payments if you became seriously ill or injured, you could really benefit from talking to an Insurance Adviser.

Contact us on 0800 55 88 60 or get in touch online and a qualified Adviser will get in touch to talk through a tailored solution for you.