You're over 60 and smoke (or vape, or quit recently). Underwritten products will rate you up; guaranteed-acceptance products generally don’t ask about smoking but the underlying premium reflects population-level mortality. The decision is structural, not just price.
Who this scenario fits
- Over 60 and currently smoking (cigarettes or vaping)
- Quit within the last 12 months (most insurers still treat as smoker)
- Comparing smoker-rated underwritten vs guaranteed-acceptance
What to look for
- Guaranteed-acceptance products — typically don't ask about smoking, simpler application
- Re-rate provisions on underwritten products if you can prove 12 months smoke-free
- Cover amount realistic for a basic service (avoid over-insuring at smoker rates)
- Premium-step structure — smoker rates compound on stepped premiums
Watch out for
- Non-disclosure of smoking on an underwritten product voids the policy — insurer can deny the claim
- Vaping is treated as smoking by every NZ insurer the team has reviewed; don't assume otherwise
- Some products have smoker-specific exclusions (e.g. lung-related natural-cause death within waiting period)
Products to consider
Editorial selection based on product structure (not subjective ranking). Quote with each insurer for premiums applicable to your age and cover amount.
Related pages
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Quote with each insurer for premiums and cover amounts applicable to your situation.
Editorial only — not personalised financial advice. Operated by Evolve Group Limited (FSP711891), a Financial Advice Provider licensed by the FMA.