Institute of Financial Advisers - John Hyde - Member No. 562

Cost Comparisons - Life Insurance - December 2009

The cost of monthly premiums for Life Insurance of $200,000 from a variety of sources is:

MaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price17.0414.4027.16
AA Life24.2426.0745.41
KiwiLife and StateLife20.9518.2931.42
AiA20.3018.3834.48
AMP33.3432.4642.11
Asteron20.3018.3833.25
AXA18.6519.6329.47
Fidelity Life19.9516.4330.20
ING Life21.1521.2134.91
Sovereign Totalcare20.9518.2931.42
Tower24.6721.6734.83
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price10.8311.6722.93
AA Life17.2418.7430.91
KiwiLife and StateLife14.4315.2526.53
AiA13.1314.5327.83
AMP28.0729.8336.84
Asteron14.0014.7027.13
AXA12.9514.3723.16
Fidelity Life12.3313.8023.76
ING Life15.5221.9529.74
Sovereign Totalcare14.4315.2526.53
Tower17.8318.5029.83

See Notes below.

Cost Comparisons - Critical Illness Insurance - December 2009

The cost of monthly premiums for Critical Illness Insurance accelerated of $200,000 from a variety of sources is:

MaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price9.9417.1950.62
AiA16.9325.9977.18
AMP25.1432.0075.20
Asteron20.4826.2682.97
Fidelity Life11.1319.3667.67
ING Life24.6150.02138.83
Sovereign Totalcare12.2319.0557.45
Tower17.6324.9473.88
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price9.0017.5544.78
AiA13.7826.3863.79
AMP20.8131.0058.03
Asteron20.6529.2370.02
Fidelity Life11.4225.4963.28
ING Life24.2148.47108.17
Sovereign Totalcare11.4420.0749.35
Tower14.6325.8859.82

See Notes below.

Cost of TPD Insurance - December 2009

The cost of monthly premiums for TPD Insurance accelerated any occupation of $200,000 from a variety of sources is:

MaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price4.704.1811.34
AiA4.534.3312.21
Fidelity Life2.934.3913.77
ING Life5.259.4335.77
Sovereign Totalcare7.496.6518.58
Tower8.6310.5021.00
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price4.865.6317.71
AiA4.534.3312.21
Fidelity Life2.515.2717.28
ING Life6.6010.8040.14
Sovereign Totalcare6.898.2727.58
Tower8.8110.1323.43

See Notes below.

Cost of Income Protection Insurance - December 2009

The cost of monthly premiums for Income Protection Insurance for agreed value for a general clerical occupation for $2,000/mth with a 4 week wait and 2 year claim period from a variety of sources is: (includes waiver of premium whilst on claim.)

Why pay more!

MaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price14.3713.1218.89
AiA12.5115.9427.89
AMP20.6430.0031.58
Asteron25.5425.5339.79
Fidelity Life20.2625.3338.83
ING Life29.06 *40.82 *78.62 *
Sovereign Totalcare26.6324.6439.12
Tower28.3423.8038.74
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price16.1319.0628.24
AiA21.7830.0953.63
AMP36.6046.0046.19
Asteron36.2538.8162.89
Fidelity Life27.8836.6556.59
ING Life40.61 *62.06 *112.93 *
Sovereign Totalcare32.0939.0665.18
Tower28.0532.1461.73

* = 5 year claim period

As at 17 December 2009.

Notes:

For June 2008 comparisons - click here.
For May 2007 comparisons - click here.
For September 2006 comparisons - click here.
For March 2006 comparisons - click here.