Momentum Life Funeral Insurance vs NZ Seniors Funeral Insurance: Exclusions

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

NZ Seniors Funeral Insurance — NZ Seniors Funeral Insurance

Wording version 2026-05-18

exclusions: • During the first 12 months after the Acceptance Date, a Funeral Insurance Benefit Amount (and the Accidental Death Benefit) will only be paid if the Life Insured suffers Accidental Death. This means that no benefit is payable if a Life Insured dies as a result of any other cause during this period. • We will not pay a Funeral Insurance Benefit Amount if a Life Insured is diagnosed with a Terminal Illness within 12 months of the Acceptance Date of the Policy, or within 12 months of the date on which this Policy is reinstated. • an intentional self-inflicted bodily injury, suicide, or attempted suicide • engaging in any criminal activities or illegal acts • the consumption of drugs (unless it was under the direction of a Medical Practitioner and not in connection with treatment for substance abuse, drug addiction or dependence) • the consumption of intoxicating liquor or other beverages, including having a blood alcohol content over the prescribed legal limit whilst driving • engaging in any professional sport (meaning the Life Insured's livelihood is substantially dependent on income received as a result of playing sport) • engaging in any motor sports (land or water) as a rider, driver and/or passenger • being a pilot or crew member of any aircraft, or engaging in any aerial activity except as a passenger in a properly licensed aircraft • war (whether declared or not) or war-like activity, or taking part in a riot or civil commotion • Accidental Serious Injury Benefit cover ends on the Policy Anniversary following the Life Insured's 75th birthday

Source: https://www.nzseniors.co.nz/documents/seniors-funeral-insurance-policy-document.pdf