“50 years of looking after New Zealanders.”
Throughout the last half-century, the words honesty and reliability have become almost synonymous with this name: Fidelity Life Insurance. The following is an overview of why.
Policywise works with the full suite of Fidelity Life products, including life, trauma, income protection, total and permanent disablement, mortgage protection, and group insurance. In this Fidelity Life Insurance review, we’ll look at their Life Cover plan in detail.
Life insurance provides a lump sum payout on the death of the life assured. It is paid to the beneficiaries listed under the policy and provides a safety net that helps dependants pay for funeral costs and keep up with living expenses, children’s education, debts, rent/mortgage, and other financial obligations after losing an income earner in the family.
Here’s how life insurance works: You take out a policy through an insurance company and pay a cost, called a premium, on a regular basis. In return, if you pass away, your insurance company will pay your policy beneficiaries the full sum, providing them with a substantial financial cushion. It's like saying, "Even if I'm not around, I've got your back."
Some life insurance policies even offer an advanced payout if the insured is diagnosed with a terminal illness or given less than a year to live. This amount can be used by the insured and their families to make the most of their limited time together. It also eases the financial stress on families, allowing them to focus on caring for and spending time with their terminally ill loved one.
If you have any questions or want help finding the right policy, book a callback with a Policywise adviser; it's fast and free.
In the following sections, we'll explore why you should consider taking out insurance with Fidelity Life Insurance New Zealand.
Benefits |
Details |
Advanced Payment |
In the unfortunate event of your death, your beneficiary may receive an advance payment of up to $15,000. This financial support can be pivotal for immediate expenses, like funeral costs. |
Terminal Diagnosis Payment |
If you receive a terminal diagnosis with a life expectancy of less than 12 months, you can choose to receive the entire insured amount as a payment, providing essential financial relief. |
Reduced Life Expectancy Benefit |
Certain diagnoses, although not terminal, may significantly reduce your life expectancy. If your condition aligns with the policy's criteria, you could receive an advance payment equal to 30% of your total insured amount. |
Flexible Cover Adjustments |
Life is filled with milestones, such as marriage, parenthood, or mortgages. Fidelity Life allows you to increase your cover during these key life events without the need for additional medical assessments. |
Premium Hold Options |
Unforeseen circumstances, like redundancy, bankruptcy, or overseas travel, can affect your premium payments. With Fidelity Life, you have the flexibility to put up to $500,000 of your cover and premium on hold. While on hold, no claims will be payable. This option is available if you choose payments that increase annually when taking out the policy. |
Fidelity Life offers more than just life insurance, so you and your family can rest assured that other requirements will be met as well. An outline of additional insurance plans offered by Fidelity Life follows:
Please note: Terms and conditions, as well as exclusions, apply to all Fidelity Life products. It's important to review your policy carefully to understand the specific terms of cover, benefits, and any limitations. This ensures that you have a clear understanding of the protection provided by each product. If you have any questions or want help finding the right policy, book a callback with a Policywise adviser; it's fast and free.
Life Insurance provides a lump sum payment to policy beneficiaries upon your death. This amount allows your family to cover immediate expenses, funeral costs, mortgages, rent, loans, credit card balances, and ongoing living costs.
For families that depend on your income, life insurance serves as a substitute for lost earnings, helping loved ones maintain their standard of living and secure their future financial needs. It can also support long-term monetary plans, like funding your children's education or contributing towards their goals and aspirations.
Here's why life insurance matters:
Policywise is a 100% free service which tells you which health, life, and disability insurance provider best fits your needs. We offer fast, comprehensive, and easy-to-understand comparisons of all leading providers, and a simple summary clearly recommending which insurer is best for your situation.
Not all insurance policies are the same. Policywise can help you sort out the duds, avoid the lemons, understand the fine print and exclusions, and get the right insurance for you and your family.
We make the important decision of where to buy your insurance super easy. We’ll answer your questions, provide experienced advice, quotes, and comparisons, and manage all the back and forth throughout the application process. Taking out your cover through us means you'll have our lifetime support and claims advocacy, and we'll help you negotiate a positive outcome at claim time. We can also take care of lodging any claims on your behalf and back you up if the going gets tough.
Check out the reviews on our homepage for how other New Zealanders have found our service, because now is the time to get your life insurance sorted. Give your family or someone you love the most outstanding financial support possible. Book a 5-minute callback with Policywise today; our service is fast and free.erienced advice, quotes, and comparisons, and manage all the back and forth throughout the application process. Taking out your cover through us means you'll have our lifetime support and claims advocacy, and we'll help you negotiate a positive outcome at claim time. We can also take care of lodging any claims on your behalf and back you up if the going gets tough.
Disclaimer: This article is for general information only. Nothing in this blog or on this website is intended as medical, dietary, or financial advice. Although Policywise aims to update our content regularly, you are advised to consult a financial adviser, health professional, or an appropriate specialist before acting on any information herein. They can factor in your personal circumstances or preferences and help guide your decision-making process.