Chubb Life LifeOne Funeral Cover vs Momentum Life Funeral Insurance: Exclusions
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.
Chubb Life Funeral Cover — Chubb Life LifeOne Funeral Cover
Wording version 2026-05-21
exclusions: • If the life assured dies within 24 months of the cover start date from any cause other than an accidental injury, the sum insured is not paid — only premiums paid for the relevant cover are refunded. • Cover does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit Chubb Life from providing insurance, including paying claims. • Cover may be cancelled or claim declined if the life assured was not a permanent resident of New Zealand when their cover started. • If false or incorrect information was provided, or information asked for was not given, Chubb Life may decline the claim, reduce or cancel cover, cancel the policy from inception, or keep all or some of premiums.
Momentum Life Funeral Insurance — Momentum Life Funeral Insurance
Wording version 2020-09-21
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).
Source: https://nzcoverdirect.co.nz/media/qsxlz4ja/nzcd-funeral-insurance-policy-wording-mlf2.pdf