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

Cost Comparisons - Life Insurance - June 2008

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 StateLife20.6918.0331.16
AiA20.3018.3834.48
AMP27.3727.5541.23
Asteron20.3018.3833.25
AXA18.6519.6329.47
Fidelity Life20.8317.5031.79
ING Life21.3826.8054.98
Sovereign Totalcare20.6918.0331.16
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 StateLife14.0914.9126.19
AiA13.1314.5327.83
AMP24.0425.9735.27
Asteron14.0014.7027.13
AXA12.9514.3723.16
Fidelity Life12.6214.2524.93
ING Life15.5221.9546.80
Sovereign Totalcare9.069.8826.27
Tower17.8318.5029.83

See Notes below.

Cost Comparisons - Critical Illness Insurance - June 2008

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
AiA18.7129.1484.67
AMP25.1432.0075.20
Asteron20.4826.2682.97
Fidelity Life11.1317.8760.05
ING Life24.6150.02138.83
Sovereign Totalcare21.8225.8571.22
Tower17.6324.9473.88
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price9.0017.5544.78
AiA14.9628.9569.70
AMP20.8131.0058.03
Asteron20.6529.2370.02
Fidelity Life11.4223.1458.59
ING Life24.2148.47108.17
Sovereign Totalcare20.6026.5059.85
Tower14.6325.8859.82

See Notes below.

Cost of TPD Insurance - June 2008

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
AiA5.925.5215.75
Fidelity Life3.814.6913.77
ING Life5.259.4335.77
Sovereign Totalcare8.327.3920.64
Tower8.6310.5021.00
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price4.865.6317.71
AiA5.925.5215.75
Fidelity Life2.935.2717.58
ING Life6.6010.8040.14
Sovereign Totalcare7.669.1930.64
Tower8.8110.1323.43

See Notes below.

Cost of Income Protection Insurance - June 2008

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
AiA15.6419.9234.86
AMP20.6430.0031.58
Asteron25.5425.5339.79
Fidelity Life15.6419.6733.99
ING Life29.06 *40.82 *78.62 *
Sovereign Totalcare19.7218.0927.15
Tower28.3423.8038.74
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price16.1319.0628.24
AiA27.2337.6167.04
AMP36.6046.0046.19
Asteron36.2538.8162.89
Fidelity Life23.4430.2651.82
ING Life40.61 *62.06 *112.93 *
Sovereign Totalcare23.5728.2044.07
Tower28.0532.1461.73

* = 5 year claim period

As at 17 June 2008.

Notes:

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