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Life InsuranceLife Cover

While many New Zealanders live to a ripe old age, nobody's future is guaranteed. One in nine females and one in six males over the age of 30 will die before the age of 651. With Life Cover, you can protect your love ones family from the financial problems that could occur if you were to die prematurely.

1. Statistics New Zealand, 2004, NZ Life Tables, 2000-02

Benefits of Personal - Life Cover
A lump sum when you die, to help your love ones you left behind.
Up to 100% of the Life Cover benefit can be paid if you are diagnosed as being terminally ill, and are likely to die within 12 months of the diagnosis.
The Life Cover benefit is reduced by the amount of any terminal illness benefit paid.

A bereavement payment of $10,000 can be paid as soon as your insurer is notified of your death. This amount is deducted from the Life Cover benefit.

At certain times, you can apply to increase your cover without having to provide further medical information. These times include moving house and taking out or increasing your home loan, having a child (by birth or legal adoption), getting married or entering into a civil union, getting divorced or becoming responsible for the care of a close relative.

We’ll pay up to $1,500 for professional financial advice, to ensure you get the most benefit from a lump-sum payout.

A children’s funeral benefit of $2,000 can be paid if your child dies as a result of an accidental injury.*

*Sovereign’s standard terms and conditions apply.
Benefits you can add on: You can add Future Insurability, which allows you to increase your cover level up to $1 million or twice the original Life Cover amount (whichever is less), without further medical evidence.

Accidental Death Cover
Accidental Death cover is an insurance policy that pays a lump sum if the life assured dies in an accident. It excludes death caused by illness or suicide.

Information courtesy of


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 your insurer. Applications are subject to individual consideration. Special conditions, premiums, maximums and exclusions may apply.


Steve has made it possible for our family to growth wealth and safeguard ourselves with the right insurance package...
- Gary & Lois Birkett

Steve spent time with me working through my insurance requirements and making changes and recommendations. His communication with the underwriters and myself was excellent...
- Bryce Frewin

When you need personal insurance advice to protect your loved ones, life, health and mortgage, then the insurance brokers/advisers
at ADVOCO will get you covered...

ADVOCO - Latin for
- "to call an adviser".

So call an Adviser now
on 0800 238 626


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Gregor Mansfield
Insurance Adviser