Chubb Life LifeOne Funeral Cover vs NZ Seniors Funeral Insurance: Indexation
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.
Chubb Life Funeral Cover — Chubb Life LifeOne Funeral Cover
Wording version 2026-05-21
indexation rules: No indexation rules stated in the policy text; sum insured is fixed as shown on the policy schedule.
NZ Seniors Funeral Insurance — NZ Seniors Funeral Insurance
Wording version 2026-05-18
indexation rules: No CPI indexation described. Benefit Amount stays fixed as chosen, except that from the Life Insured's 85th birthday a 25% Bonus Cover is automatically added to the Funeral Insurance Benefit Amount in force immediately prior to their 85th birthday at no additional premium.
Source: https://www.nzseniors.co.nz/documents/seniors-funeral-insurance-policy-document.pdf