Partners Life - Life Insurance

Partners Life are proud to be a New Zealand operated company..

What is life insurance?

This is one of the most simple but important types of insurance you can have. It protects your loved ones futures by providing them with a lump sum payment if you pass away, or are diagnosed with a terminal illness.

Why do I need it?

Can your family pay the mortgage without you? Could they take time off work and look after you if you’re terminally ill? What about funeral costs? Life insurance is your way of looking after your loved ones when you’re gone.

What it is like to have a Partners Life insurance policy

Partners Life is New Zealand’s leading life and health insurer, that means we don’t insure your house, your car, your contents or your pets. Partners Life products are designed to put money back into your family or business when your life is interrupted by a serious health event.

The objectives for Partners Life insurance are quite simple:

1. To replace lost income

2. To reduce debt burden

3. To cover unexpected costs

In short, life and health insurance products are designed to help keep your family or your business financial situations as normal as possible even through serious health events or death.

PARTNERS LIFE INSURANCE OPTIONS

Life Cover, Life Income Cover and Terminal Illness Cover

Terminal Illness Cover pays out if you are diagnosed with a terminal illness. Life Cover and Life Income Cover both pay out if you pass away or become terminally ill. Terminal Illness and Life covers pay out a one-off sum, which can be used to create an investment fund to generate income, to reduce debt, such as a mortgage, or to leave money behind for a specific cause such as funding future tertiary education for children, paying final costs such as funeral expenses,or to leave a bequeathment.

Life Income Cover pays a regular monthly benefit for a set number of years, which can be used to directly replace the income of the family member who has passed away.

Trauma Cover, Moderate Trauma Cover and Severe Trauma Cover

Trauma Cover products pay out a sum of money if you are diagnosed with, or suffer from one of the large number of listed serious health conditions.

These conditions include Cancer, Heart Attack, Stroke and many more. Trauma Cover products are often used as a ‘recovery fund’ providing you with the money to pursue treatment options or to cover any additional costs needed to get back on your feet after a serious illness.

Income Cover, Income and Expenses Cover, Mortgage Repayment Cover and Household Expenses Cover

These products are designed to protect your most valuable asset – your ability to earn an income from your work.

These products pay a monthly amount if you are unable to work due to illness or injury. These products can be structured to pay for a short, specific term or to provide cover all the way up until retirement age.