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

Compare Insurance Costs

Insurance provided by Sovereign

Cost Comparisons - Life Insurance - Sep 2006

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 StateLife20.4317.7730.90
AiA22.0020.0836.88
AMP28.2029.0041.23
Asteron20.3018.3833.27
AXA18.6519.6329.47
Fidelity21.0316.5830.53
ING Life19.6519.7133.41
Sovereign Totalcare20.4317.7730.90
Tower24.7121.6734.83
 
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 StateLife13.9114.7326.01
AiA14.6516.2330.05
AMP24.9427.0035.27
Asteron13.8314.7027.13
AXA12.9514.3723.16
Fidelity12.4213.9124.00
ING Life13.0116.6028.24
Sovereign Totalcare13.9114.7326.01
Tower17.8318.5029.83

See Notes below.

Cost Comparisons - Critical Illness Insurance - Sep 2006

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
AiA18.7128.3584.67
AMP25.1432.0075.20
Asteron20.4826.2682.97
Fidelity11.2819.8968.56
ING Life19.0935.2091.54
Sovereign Totalcare11.1220.2359.40
Tower18.5626.2577.82
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price9.0017.5544.78
AiA14.9628.9569.90
AMP20.8131.0058.03
Asteron20.6529.2370.02
Fidelity11.5825.8264.11
ING Life18.4235.0576.59
Sovereign Totalcare10.0820.6652.55
Tower15.3827.1963.00

See Notes below.

Cost of TPD Insurance - Sep 2006

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
AiA5.926.5215.75
Fidelity5.676.8919.86
ING Life5.406.1321.42
Sovereign Totalcare5.614.9913.93
Tower5.066.5615.00
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price5.406.2619.67
AiA5.926.5215.75
Fidelity4.057.7025.54
ING Life6.217.0424.62
Sovereign Totalcare5.756.9020.69
Tower5.636.7516.12

See Notes below.

Cost of Income Protection Insurance - Sep 2006

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
AiA32.4633.7241.58
AMP20.6430.0031.58
Asteron25.5425.5339.79
Fidelity13.3417.8632.16
Sovereign Totalcare23.5321.8034.29
Tower28.1623.0835.56
 
FemaleNon smokerNon smokerNon smoker
InsurerAge 25Age 35Age 45
Our NZLife. Price20.2924.0736.16
AiA43.5050.3760.12
AMP36.6046.0046.19
Asteron36.2538.8162.89
Fidelity19.8427.1148.40
Sovereign Totalcare26.1432.1452.59
Tower27.5231.0156.66

As at 15 September 2006.

Notes:

For March 2006 comparisons - click here.