Why life insurance?

 

Here's why a combination of life, disability and critical illness cover is your best protection:

ACC is not a substitute for private health insurance

ACC is an accident insurance scheme that all New Zealanders have access to. The primary role of ACC is to provide treatment and rehabilitation services for anyone who suffers an injury as a result of an accident. It does not cover you for anything that ACC does not deem to be an accident or other covered injury.  If your claim is declined by ACC, Sovereign Private Health is there. We will promptly pay your eligible treatment costs and will then seek a review of your case with ACC.

The unexpected can happen

Every 90 minutes a New Zealander dies from coronary heart disease. (1)

Cardiovascular disease (heart, stroke and blood vessel disease) is still the leading cause of death in New Zealand, accounting for 30% of deaths annually. (1)

You’re a key income earner for your family

How long could your family survive without the income you generate? Insurance, such as Family Protection, can provide an ongoing monthly income.

You have a mortgage

Who would pay the mortgage if your income stopped, and how long could they keep it up? An insurance claim could be used to clear or reduce an existing mortgage.

Recovery is faster without financial stress

Worrying about money doesn’t help recovery after an illness or injury. Insurance eases your concerns, so that you can relax and get better.


1. Ministry of Health (2014) Mortality and Demographic data 2011. Wellington: Ministry of Health 



Disclaimer: The availability of any insurance cover is subject to your application being approved. For full details, refer to the policy document which is available on request from Sovereign. Applications are subject to individual consideration. Special conditions, premiums, maximums and exclusions may apply. The information contained on this website is general in nature and is not intended as advice. Before making any investment, insurance or financial planning decision you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.​​

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The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.​