Life Cover is an easy and cost-effective way to protect your business if you or a key person dies or is diagnosed with a terminal illness. It provides peace of mind that your business can continue to operate at a time when critical decisions about the future of your business need to be made.
Some examples of how this money can help are:
Built-in benefits
Payment of the Life Cover sum insured if a life assured passes away.
Built-in benefits
An early payment of the Life Cover sum insured if a life assured is diagnosed as terminally ill.
Built-in benefits
Allows you to convert your Life Cover to another policy if your circumstances change.
Built-in benefits
A reimbursement of up to $2,500 for the costs of receiving grief counselling.
Built-in benefits
A reimbursement of up to $2,500 for the costs of receiving professional advice.
Optional benefit
Allows you to increase the sum insured without further assessment of health if there's a justified need for additional cover.
Insurance that pays a lump sum if you or a key person gets a defined illness or condition for the first time.
Insurance that provides a lump sum if you or a key person becomes completely or partially disabled due to illness or injury.
Insurance that pays a monthly amount in the event you or one of your key people are unable to work as a result of illness.
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