The Ownership Transfer benefit allows for easy transfer of the policy to new business owners and shareholders. This allows cover to stay in place even if there are significant changes to the structure of the business.
The Monthly Disability benefit can be based on your Business Expenses, Replacement Labour, or Replacement Revenue - whichever is the most suitable.
Assurance Extra Business cover also has a Business Increase Option, which allows for future increases to the Monthly Benefit as the business grows.
Our Key Person Startup benefit has been enhanced and contains some great options for people working in the Agricultural sector.
Insurance that pays a lump sum if you or a key person dies or is diagnosed with a terminal illness.
Insurance that pays you a lump sum amount if a life assured gets a defined illness or condition for the first time.
Insurance that provides a lump sum amount if a life assured becomes completely disabled due to illness or injury.
Insurance that pays you a monthly amount in the event you or one of your key people are unable to work as a result of illness or injury.
Insurance that provides a monthly ‘agreed value’ benefit to help to compensate for losses a new business may face if a life assured is unable to work due to an injury or illness.
Insurance that pays a lump sum if you or a key person sustains one of the covered injuries as a result of an accident.
Insurance that pays your policy premiums if you, or a key person in your business, become disabled and are unable to work.
Product brochure
For more information on the cover options available with Assurance Extra Business, download the brochure.
The information provided is only a summary of the product features and terms of cover. Please refer to the policy wordings for our full requirements and eligibility criteria. The content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a financial advice service. It is recommended you seek financial advice which takes into account your individual circumstances before you acquire a financial product. The information is current as at June 2023 and is subject to change.
Your insurance is underwritten by Chubb Life Insurance New Zealand Limited (Chubb Life). Chubb Life has an A (Excellent) financial strength rating given by A.M. Best Company Inc. A summary of the rating scale is: A++, A+ Superior | A, A- Excellent | B++, B+ Good | B, B- Fair | C++, C+ Marginal | C, C- Weak | D Poor | E Under Regulatory Supervision | F In Liquidation | S Suspended. For the full rating scale and more rating information visit www.ambest.com/ratings/guide.pdf