Momentum Life Funeral Insurance vs OneChoice 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

OneChoice Funeral Insurance — OneChoice Funeral Insurance

Wording version 2021-05-23

exclusions: • During the first 12 months after the Acceptance Date (or reinstatement date), no Funeral Insurance Benefit (or Accidental Death Benefit) is payable for death from any cause other than Accidental Death. • No Funeral Insurance Benefit is payable if a Life Insured is diagnosed with a Terminal Illness within 12 months of the Acceptance Date or within 12 months of the date on which the Policy is reinstated. • Accidental Serious Injury Benefit is not payable if the condition results from: an intentional self-inflicted bodily injury, suicide or attempted suicide. • Accidental Serious Injury Benefit is not payable if the condition results from: engaging in any criminal activities or illegal acts. • Accidental Serious Injury Benefit is not payable if the condition results from: 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). • Accidental Serious Injury Benefit is not payable if the condition results from: the consumption of intoxicating liquor or other beverages, including having a blood alcohol content over the prescribed legal limit whilst driving. • Accidental Serious Injury Benefit is not payable if the condition results from: engaging in any professional sport (meaning the Life Insured's livelihood is substantially dependent on income received as a result of playing sport). • Accidental Serious Injury Benefit is not payable if the condition results from: engaging in any motor sports as a rider, driver, and/or passenger. • Accidental Serious Injury Benefit is not payable if the condition results from: being a pilot or crew member of any aircraft, or engaging in any aerial activity except as a passenger in a properly licensed aircraft. • Accidental Serious Injury Benefit is not payable if the condition results from: 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. • Blindness due to cataracts is excluded from the Blindness in Both Eyes definition under the Accidental Serious Injury Benefit.

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