Life Insurance

Protect the future of those you love

Life insurance is one of the most important types of insurance you can have. It protects your loved ones' futures by providing them with a lump sum payment if you pass away, or are diagnosed with a terminal illness.


We understand everyone's circumstances are different, that's why Future Insurance NZ offers a range of life insurance options designed to meet your specific needs.

Why do I need it?

Do you have children or other people depending on you? Can your family pay the mortgage without you? Could they take time off work and look after you if you're terminally ill?  What about funeral costs?


Life Insurance is your way of looking after your loved ones when you're gone.


Terminal Illness Benefit

Provides an early payment of your Life Cover if you are diagnosed as being terminally ill and likely to die within 12 months. This means you can spend your remaining time with your family and loved ones without worrying about your finances.


Specified Terminal Conditions Benefit

If you suffer one of the specified terminal conditions, you can choose to have 30% of your sum assured up to $250,000 paid in advance. Some terminal conditions, such as motor neurone disease, offer longer survival rates but can have a significant impact on your lifestyle. This benefit enables you to make any immediate changes to your situation, as required.


Financial and Legal Advice Benefit

This enables you at claim time to access financial and legal advice from an AIA approved financial adviser or legal professional.  AIA will reimburse you for fees up to $2,500 (incl. GST).  This is a one-off payment across all AIA policies for each life assured.


Bereavement Support

Pays an upfront lump sum of $15,000 (or the first monthly payment or part thereof if you have the Family Protection Benefit) which can be used to pay for funeral costs or any other expenses as needed. This payment will be deducted from the life assured’s sum assured.


Special Events Total Permanent Disablement/ Trauma Facility

We want to make it easy for you to add additional benefits to your Life Cover without needing to provide further medical information. At the time of a special event, you can apply to add a limited amount of ‘accelerated’ Critical Conditions cover, ‘accelerated’ Progressive Care or ‘accelerated’ Total Permanent Disablement cover to your Life Cover.


Parents Grieving Benefit

If the worst should happen to your child and they pass away, we’ll help with associated expenses.  We will pay you $2,000 for children aged under 10 years and $15,000 for children between 10 and 21 years of age.


Repatriation Benefit

We will reimburse the costs (5% of the Life Cover sum assured up to $20,000) of returning the life assured’s body to New Zealand if they die while overseas. This payment will be deducted from the life assured’s sum assured.


Special Events Increase Facility

Enables you to increase the sum assured under your cover following a significant event in your life which results in increasing financial responsibilities. These significant events include: having a child, your child starting secondary school, taking out or increasing a residential home loan or receiving a salary increase and other major events.


Counselling Benefit

We will pay up to $2,500 (incl. GST) to cover the cost of a Psychiatrist or Psychologist consultation and counselling for you and/or your family where the treatment directly relates to a claim.


Premium Conversion Facility

You have the option to convert all or part of your sum assured to a level premium structure without further medical underwriting.


Suspension of Premium Benefit

Enables you to suspend your life insurance should you go on parental leave or on leave without pay for any reason, for up to 12 months. You cannot claim during this time or in the future for any health related conditions that occur during this suspension period.