AA Life Funeral Cover vs Fidelity Life Funeral Cover (LifeProtect rider): Premium structure
NZ funeral premiums are mostly stepped (rise with age) or level (flat within a tier). The shape decides whole-of-life cost — stepped is cheaper at signup but compounds. Some policies stop charging premium past a defined age.
AA Life Funeral Insurance — AA Life Funeral Cover
Wording version 2026-05-21
premium structure: Annual renewable policy (term of one year, renewing each year). Premiums are age-based as set out in the policy summary. We can increase premiums only if the same increase is applied to every other Funeral Cover policy issued under the same offer. premium continuation rules: Premium payments will end on the policy anniversary date after the person insured reaches age 90. Cover under this policy will continue until a claim is accepted, death occurs, or you cancel the policy.
Fidelity Life Funeral Cover — Fidelity Life Funeral Cover (LifeProtect rider)
Wording version 2025-04-30
Not on file for this product.
Source: https://www.fidelitylife.co.nz/media/rhwnwmfn/life-protect-life-cover-policy-wording.pdf