Momentum Life Funeral Insurance

Almost every NZ funeral insurance policy applies a non-accidental-death waiting period (commonly 12 or 24 months) before the full sum-insured pays. Death from accident is typically covered from day one. This is the single most important clause for buyers signing up while in poor health.

waiting period months: 24 accidental death cover from day one: Yes

NZ funeral policies offer different sum-insured options — typically low-to-mid five-figure cover. Maximum caps vary by entry age. This page documents each insurer's sum-insured offering verbatim.

sum insured range nzd: Minimum $3,000 to maximum $20,000 for Funeral Insurance Benefit; Accidental Death Insurance Benefit equals three times chosen Funeral Insurance Benefit (max $60,000); Accidental Serious Injury Insurance Benefit equals two times chosen Funeral Insurance Benefit (max $40,000); Household Expenses Insurance $500 per month for 4–12 months ($2,000–$6,000)

NZ funeral premiums are mostly stepped (rise with age) or level (flat within a tier). The shape decides whole-of-life cost — stepped is cheaper at signup but compounds. Some policies stop charging premium past a defined age.

premium structure: Premium rate remains the same each year until the Life Insured reaches his or her 85th birthday, at which time premium payments will end, provided no increase is required because of a change in tax (including but not limited to Goods and Services Tax) or other legislation, or because our claims experience is materially different from expected. premium continuation rules: Your premium rate will remain the same each year until the Life Insured reaches his or her 85th birthday, at which time premium payments will end.

Most NZ funeral insurers cap entry age in the late 70s or low 80s. Some products don't accept new business beyond a certain age band. This page documents each insurer's entry-age and renewal-age limits verbatim.

entry age max: 75 max renewal age: Premium payments end at age 85; no explicit maximum renewal/expiry age stated beyond that entry age min: 16

Some NZ funeral cover is offered guaranteed-acceptance (no medical questions); others require a short medical questionnaire. The trade-off: guaranteed-acceptance pricing is higher and waiting periods longer. This page documents each insurer's underwriting approach verbatim.

guaranteed acceptance: Not explicitly stated as guaranteed acceptance; application must be accepted by us medical underwriting rules: No medical underwriting requirements described for application; at claim time claimant must supply sufficient proof including a form completed by a Medical Practitioner, any other medical or other information reasonably required including tests or medical results, and appropriate certification such as death certificate and/or confirmed diagnosis by a Medical Practitioner who is a specialist in the field

Funeral costs rise over decades; a fixed sum-insured at signup may not cover the funeral at claim time. Some NZ insurers CPI-index the sum-insured; others leave it fixed. This page documents each insurer's indexation approach verbatim.

Not extracted in the current wording snapshot.

Standard exclusions across NZ funeral insurance: death by suicide in the first 12-13 months, war, criminal activity, intoxication-related death. This page lists each insurer's exclusion clause verbatim.

exclusions: • We will NOT pay the Funeral Insurance Benefit if a Life Insured dies within 24 months of the Cover Start Date for the cover/s unless that Life Insured dies as a direct result of an Accident. • We will not pay any Benefit if this Policy has been cancelled. We will cancel your Policy if you do not pay your premium when it is due and it remains unpaid for more than one month. • The Accidental Death Benefit is only paid if death occurs as a direct result of an Accident, and within 90 days of that Accident. • The Accidental Serious Injury Insurance Benefit is only paid if the Accidental Serious Injury occurs as a direct result of an Accident and within 12 months of that Accident. • No benefit is payable if the Life Insured does not survive at least 14 days from the date of the Accident (Accidental Serious Injury). • If a Life Insured dies or suffers an Accidental Serious Injury during the premium pause period, this Policy will not pay any of the Benefits set out in the Policy Schedule, unless the Life Insured dies because of an Accident, in which case we will pay the Funeral Insurance Benefit for that Life Insured (but no other Benefits).