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

Cost Comparisons - Life Insurance - December 2011

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. Price18.6716.4327.48
AiA22.7520.6536.58
AMP33.3432.4642.11
Asteron20.7818.7933.92
AXA22.8819.5231.93
OnePath22.0222.1036.61
Partners Life23.0820.9533.95
Tower27.1723.8338.50
Fidelity Life27.5918.3030.60
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price13.1813.8623.36
AiA14.7016.2829.40
AMP28.0729.0336.84
Asteron14.1314.9627.76
AXA15.0615.0627.25
OnePath14.9918.8031.13
Partners Life16.8418.3530.17
Tower15.0920.5033.00
Fidelity Life14.0415.3526.51

See Notes below.

Cost Comparisons - Critical Illness Insurance - December 2011

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. Price20.6124.4167.26
AiA18.3129.1884.32
AMP19.9728.2583.53
Asteron27.9334.91106.73
AXA22.9729.3378.62
OnePath20.7533.7379.38
Partners Life19.5027.6976.83
Tower18.0227.7476.44
Fidelity Life18.3932.4191.62
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price19.4625.0356.53
AiA15.0928.5868.22
AMP16.5429.2668.40
Asteron25.9439.2489.94
AXA19.9630.5669.08
OnePath19.6932.9168.61
Partners Life17.2327.6365.98
Tower14.9526.4561.14
Fidelity Life13.7133.6680.71

See Notes below.

Cost of TPD Insurance - December 2011

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. Price5.604.9813.89
AiA3.623.429.66
AMP4.646.0517.15
Asteron5.695.9915.46
AXA9.8910.5123.81
OnePath6.635.6917.64
Partners Life4.974.8813.65
Tower4.383.808.74
Fidelity Life6.267.2223.11
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price5.156.1920.63
AiA3.623.429.66
AMP4.646.0517.96
Asteron5.326.4818.29
AXA9.8910.5123.81
OnePath7.616.8822.52
Partners Life4.975.8518.33
Tower3.343.919.43
Fidelity Life3.858.6629.36

See Notes below.

Cost of Income Protection Insurance - December 2011

The cost of monthly premiums for Income Protection Insurance for indemnity value for a general clerical occupation for $2,000/mth with an 8 week wait and 5 year claim period including waiver of premium whilst on claim from a variety of sources is:

MaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife Price 16.1017.3228.33
AiA17.7122.0437.73
AMP25.7629.0951.20
Asteron23.3126.1447.03
AXA20.5922.4446.38
OnePath16.9922.7244.79
Partners Life15.5920.8440.31
Tower20.2628.0738.24
Fidelity Life15.2920.3141.56
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife Price 21.4729.0047.90
AiA24.8133.6456.07
AMP32.7139.5770.87
Asteron32.8740.0572.86
AXA31.4333.6769.57
OnePath24.1836.9370.91
Partners Life21.0033.8570.52
Tower24.9328.1658.81
Fidelity Life22.7031.0661.91

* = 5 year claim period

As at December 2011.

Notes:

For March 2010 comparisons - click here.
For December 2009 comparisons - click here.
For June 2008 comparisons - click here.
For May 2007 comparisons - click here.
For September 2006 comparisons - click here.
For March 2006 comparisons - click here.