Institute of Financial Advisers - John Hyde - Member No. 562

Cost Comparisons - Life Insurance - May 2007

The cost of monthly premiums for Life Insurance of $200,000 from a variety of sources is:

Male	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	17.04	14.40	27.16
AA Life	24.24	26.07	45.41
ASB Easylife	23.71	25.55	47.95
KiwiLife and StateLife	20.61	17.95	31.08
AiA	22.60	21.07	39.05
AMP	28.20	29.00	41.23
Asteron	20.30	18.38	33.27
AXA	18.65	19.63	29.47
Fidelity	20.83	16.14	27.86
ING Life	20.65	20.71	34.41
Sovereign Totalcare	20.61	17.95	31.08
Tower	24.67	21.67	34.83

Female	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	10.83	11.67	22.93
AA Life	17.24	18.74	30.91
ASB Easylife	16.72	19.42	36.70
KiwiLife and StateLife	14.09	14.91	26.19
AiA	15.25	17.02	31.83
AMP	24.94	27.00	35.27
Asteron	13.83	14.70	27.13
AXA	12.95	14.37	23.16
Fidelity	12.62	13.21	22.00
ING Life	14.01	17.60	29.24
Sovereign Totalcare	14.09	14.91	26.19
Tower	17.83	18.50	29.84

See Notes below.

Cost Comparisons - Critical Illness Insurance - May 2007

The cost of monthly premiums for Critical Illness Insurance accelerated of $200,000 from a variety of sources is:

Male	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	9.94	17.19	50.62
AiA	18.71	29.14	87.03
AMP	25.14	32.00	75.20
Asteron	20.48	26.26	82.97
Fidelity	11.13	17.87	60.05
ING Life	19.80	32.20	75.76
Sovereign Totalcare	21.72	28.60	75.65
Tower	18.56	26.25	77.82

Female	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	9.00	17.55	44.78
AiA	15.36	29.94	72.07
AMP	20.81	31.00	58.03
Asteron	20.65	29.23	70.02
Fidelity	11.42	23.14	58.59
ING Life	18.79	31.41	65.48
Sovereign Totalcare	19.92	28.29	65.28
Tower	15.38	27.19	63.00

See Notes below.

Cost of TPD Insurance - May 2007

The cost of monthly premiums for TPD Insurance accelerated any occupation of $200,000 from a variety of sources is:

Male	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	5.22	4.64	12.60
AiA	5.92	5.72	16.35
Fidelity	3.81	4.69	13.77
ING Life	6.26	5.38	16.68
Sovereign Totalcare	5.46	4.16	11.61
Tower	5.06	6.56	15.00

Female	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	5.40	6.26	19.67
AiA	6.11	5.72	16.35
Fidelity	2.93	5.27	17.58
ING Life	7.20	6.51	21.29
Sovereign Totalcare	4.31	5.17	16.12
Tower	5.63	6.75	16.12

See Notes below.

Cost of Income Protection Insurance - May 2007

The cost of monthly premiums for Income Protection Insurance for agreed value for a general clerical occupation for $2,000/mth with a 4 week wait and 2 year claim period from a variety of sources is: (includes waiver of premium whilst on claim.)

Why pay more!

Male	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	18.08	16.56	24.22
AiA	20.35	25.77	41.91
AMP	20.64	30.00	31.58
Asteron	25.54	25.53	39.79
Fidelity	15.59	20.18	26.98
ING Life	22.02 *	26.95 *	47.29 *
Sovereign Totalcare	23.87	22.50	33.01
Tower	33.58	27.75	44.43

Female	Non smoker	Non smoker	Non smoker
Insurer	Age 25	Age 35	Age 45
Our NZLife. Price	20.29	24.07	36.16
AiA	33.66	44.86	76.65
AMP	36.60	46.00	46.19
Asteron	36.25	38.81	62.89
Fidelity	30.26	23.31	43.38
ING Life	28.60 *	40.78 *	69.85 *
Sovereign Totalcare	26.22	30.79	48.10
Tower	32.80	37.46	70.48

* = 5 year claim period

As at 29 May 2007.

Notes:

Monthly premiums include policy fees and waiver of premium where applicable.
The conditions covered and definitions may vary with insurers.
The minimum premium for NZLife policies is $15.mth. Other suppliers have minimums ranging from $12.50 to $20.00. We suggest you increase or add other benefits to get best value.
Smokers rates are approximately double the above costs. Check on the calculator.
The rates quoted are for the first years premiums based on a standard life risk. Actual rates may vary depending on the assessed risk, and increase in future years, depending on the type of policy purchased, (rate for age or level term - see notes below) and the supplier.
Other sites may offer what may appear to be major discounts, but they are still more expensive than NZLife! If you find a lower price please tell us.

For September 2006 comparisons - click here.
For March 2006 comparisons - click here.