Chubb Life LifeOne 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.
Chubb Life Funeral Cover — Chubb Life LifeOne Funeral Cover
Wording version 2026-05-21
premium structure: Premiums will not increase each year based on age or situation (capped/level structure). Rates may change only if Chubb Life changes premium rates across all policies issued under this Funeral Cover, with 30 days written notice. premium continuation rules: Premiums continue until the earliest of: the life assured's 90th birthday, or the date Chubb Life accepts an application for the Long-Term Care Premium Waiver.
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