There are eight major life insurance companies in New Zealand. All of these insurance companies are keen to provide us with life insurance quotes…on your behalf.
In addition to these insurance companies, many banks often have their own ‘in house’ life insurance products. Those that don’t have an ‘in house’ product will use one the major life insurance companies to underwrite their policies.
The key when deciding which Life Insurance company to use is who will be there to look after you at claim time? Will be the person on the end of the phone that you speak to? Will it be the bank teller who sold you life insurance?
We recommend dealing with a professional insurance broker (like us of course!) who will be able to give you quality advice and will be there to help you when you need them at claim time.
It’s not just about providing the best life insurance quotes at quote time, it’s also about being taken care of at the time when you really need it.
All of the life insurance companies below use a network of professional insurance advisers to distribute their insurance products. Also included are their claims paying ability ratings which are an independent assessment of an operating insurance company’s ability to pay its claims (there is no legal obligation on life insurance companies to be rated).
The easiest and fastes way to get the best quote that suits your situation is to let us provide you with quotes and recommendations.
Getting a life insurance quote with us is free and completely unbiased.
AIA
AIA New Zealand is a member of the AIA Group and commenced operations in New Zealand in 1981. They have a head office based in Auckland and a number of regional offices. AIA has a Standard and Poor’s rating of A+
AXA
The foundations of AXA New Zealand stretch back 120 years, back to when they were called National Mutual. AXA has a Standard and Poor’s rating of A+.
AMP
AMP began selling life insurance policies in New Zealand in 1854. The company has its head office located in Auckland. AMP has a Standard and Poor’s rating of AA-
Asteron
Asteron is a member of the Suncorp Group and operates in New Zealand and Australia. As at February 2010 Asteron elected not to be rated.
Fidelity Life
Fidelity Life was founded in 1973 and today Fidelity Life is the largest New Zealand-owned and controlled Life Insurance company. Fidelity Life has an AM Best rating of A-
OnePath
OnePath Life has a Standard and Poor’s long-term credit rating of A+ as at 10/06/2010.
Sovereign
Sovereign’s head office is located on Auckland’s North Shore. They are part of the ASB group of companies and as at 22 December 2009 Sovereign had an AM Best rating of A+.
Tower Insurance
TOWER commenced business in New Zealand in 1869 as a government department selling life insurance policies and pensions. It has grown and transformed over the past 139 years and its business today is mainly focused on selected niches in the risk insurance and wealth management markets. Tower has an AM Best rating of A+.
Life Insurance Tax & Legislation Changes
