Momentum Life Funeral Insurance vs OneChoice Funeral Insurance: Waiting period
Almost every NZ funeral insurance policy applies a non-accidental-death waiting period (commonly 12 or 24 months) before the full sum-insured pays. Death from accident is typically covered from day one. This is the single most important clause for buyers signing up while in poor health.
Momentum Life Funeral Insurance — Momentum Life Funeral Insurance
Wording version 2020-09-21
waiting period months: 24 accidental death cover from day one: Yes
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
waiting period months: 12 accidental death cover from day one: Yes
Source: https://www.onechoice.co.nz/documents/onechoice-funeral-insurance-policy-document.pdf