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

Cost Comparisons - Life Insurance - March 2010

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. Price19.1716.8328.38
AA Life24.2426.0745.41
AiA20.3018.3834.48
AMP33.3432.4642.11
Asteron20.3018.3833.25
AXA18.6519.6329.47
Fidelity Life22.2918.8631.63
ING Life21.1521.2134.91
Tower24.6721.6734.83
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price13.4314.1524.08
AA Life17.2418.7430.91
AiA13.1314.5327.83
AMP28.0729.8336.84
Asteron14.0014.7027.13
AXA12.9514.3723.16
Fidelity Life15.1216.3626.03
ING Life15.5221.9529.74
Tower17.8318.5029.83

See Notes below.

Cost Comparisons - Critical Illness Insurance - March 2010

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. Price11.3017.6053.08
AiA16.9325.9977.18
AMP25.1432.0075.20
Asteron20.4826.2682.97
Fidelity Life11.1319.3667.67
ING Life24.6150.02138.83
Tower17.6324.9473.88
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price10.5718.5545.60
AiA13.7826.3863.79
AMP20.8131.0058.03
Asteron20.6529.2370.02
Fidelity Life11.4225.4963.28
ING Life24.2148.47108.17
Tower14.6325.8859.82

See Notes below.

Cost of TPD Insurance - March 2010

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. Price6.595.8516.35
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. Price6.077.2824.27
AiA4.534.3312.21
Fidelity Life2.515.2717.28
ING Life6.6010.8040.14
Tower8.8110.1323.43

See Notes below.

Cost of Income Protection Insurance - March 2010

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. Price10.87*11.97*22.53*
AiA12.5115.9427.89
AMP20.6430.0031.58
Asteron25.5425.5339.79
Fidelity Life20.2625.3338.83
ING Life29.06 *40.82 *78.62 *
Tower28.3423.8038.74
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price13.59*18.94*36.80*
AiA21.7830.0953.63
AMP36.6046.0046.19
Asteron36.2538.8162.89
Fidelity Life27.8836.6556.59
ING Life40.61 *62.06 *112.93 *
Tower28.0532.1461.73

* = 5 year claim period

As at March 2010.

Notes:

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.