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

Cost Comparisons - Life Insurance - May 2007

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
ASB Easylife23.7125.5547.95
KiwiLife and StateLife20.6117.9531.08
AiA22.6021.0739.05
AMP28.2029.0041.23
Asteron20.3018.3833.27
AXA18.6519.6329.47
Fidelity20.8316.1427.86
ING Life20.6520.7134.41
Sovereign Totalcare20.6117.9531.08
Tower24.6721.6734.83
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price10.8311.6722.93
AA Life17.2418.7430.91
ASB Easylife16.7219.4236.70
KiwiLife and StateLife14.0914.9126.19
AiA15.2517.0231.83
AMP24.9427.0035.27
Asteron13.8314.7027.13
AXA12.9514.3723.16
Fidelity12.6213.2122.00
ING Life14.0117.6029.24
Sovereign Totalcare14.0914.9126.19
Tower17.8318.5029.84

See Notes below.

Cost Comparisons - Critical Illness Insurance - May 2007

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
AiA18.7129.1487.03
AMP25.1432.0075.20
Asteron20.4826.2682.97
Fidelity11.1317.8760.05
ING Life19.8032.2075.76
Sovereign Totalcare21.7228.6075.65
Tower18.5626.2577.82
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price9.0017.5544.78
AiA15.3629.9472.07
AMP20.8131.0058.03
Asteron20.6529.2370.02
Fidelity11.4223.1458.59
ING Life18.7931.4165.48
Sovereign Totalcare19.9228.2965.28
Tower15.3827.1963.00

See Notes below.

Cost of TPD Insurance - May 2007

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. Price5.224.6412.60
AiA5.925.7216.35
Fidelity3.814.6913.77
ING Life6.265.3816.68
Sovereign Totalcare5.464.1611.61
Tower5.066.5615.00
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price5.406.2619.67
AiA6.115.7216.35
Fidelity2.935.2717.58
ING Life7.206.5121.29
Sovereign Totalcare4.315.1716.12
Tower5.636.7516.12

See Notes below.

Cost of Income Protection Insurance - May 2007

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. Price18.0816.5624.22
AiA20.3525.7741.91
AMP20.6430.0031.58
Asteron25.5425.5339.79
Fidelity15.5920.1826.98
ING Life22.02 *26.95 *47.29 *
Sovereign Totalcare23.8722.5033.01
Tower33.5827.7544.43
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price20.2924.0736.16
AiA33.6644.8676.65
AMP36.6046.0046.19
Asteron36.2538.8162.89
Fidelity30.2623.3143.38
ING Life28.60 *40.78 *69.85 *
Sovereign Totalcare26.2230.7948.10
Tower32.8037.4670.48

* = 5 year claim period

As at 29 May 2007.

Notes:

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