“Policies were easy to follow and a good price.”David Bloomer
$500,000 Life Cover for $16.43 fortnightly
“…less difficult than I thought it would be.”Zoe Evans
$459,000 Life Cover for $22.02 fortnightly
“You think it’s not going to happen, but it does...”Leanne Ellis
$350,000 Life Cover for $11.48 fortnightly
“It feels good to know it’s done.”Sarah Gatjens
$250,000 Life Cover for $9.77 fortnightly
“I’ve been to a lot of tangi…you see the struggle.”Carli Te Hira
$500,000 Life Cover for $26.12 fortnightly
Life Cover pays out a tax-free lump sum if you die or are diagnosed with a terminal illness, plus $10,000 can be paid early to help with funeral costs.
Sign up today and you’ll receive 20 cents per litre off fuel every month for 1 year with AA Smartfuel! That’s a potential saving of up to $120.
The application process involves a few easy questions you can answer online, over the phone, or at an AA Centre.
Accepted claims will have the full amount of cover you’ve chosen paid out as a lump sum.
If you’re diagnosed with a terminal illness this policy pays out early.
Anyone in New Zealand aged 16 to 55 can apply.
You’re covered as long as you keep paying the premiums.
Choose to pay at a frequency that works for you. Basic cover (recommended at a minimum) starts at $20 a month.
AA Members get a 5% discount on new policies, plus you may qualify for a 10% health and lifestyle discount depending on your answers to a few simple questions.
We’ll make sure your cover keeps pace with inflation and your age, and adjust your premiums accordingly. Or you can ‘freeze’ your premiums and we’ll adjust your cover each year in line with your increasing age.
You can decrease your cover at any time and we’ll adjust your premiums to suit. Talk to us if you need an increase and we can check if you’re eligible.
Your payout can be made to someone you choose, bypassing your estate and making the money available more quickly.
We’ll immediately pay out $10,000 to cover your funeral costs.
Life Cover is backed by Asteron Life’s A+ Standard & Poor’s Financial Strength Rating, which indicates strong financial security characteristics.
You can cancel your policy within 30 days and we’ll refund 100% of the premiums you’ve paid.
|Who it covers||Most people aged 16-55 can be covered|
|Application process||Health and lifestyle questions|
|Coverage begins||Immediate cover on acceptance|
|Coverage types||Death, terminal illness, and funeral support|
|Coverage term||Annually renewable|
|Payout amount||Up to $1 million|
Premiums can be paid fortnightly, monthly (direct debit and credit card only), quarterly, half-yearly or annually by direct debit, credit card or cheque.
Yes, you can reduce your cover at any time. If you want to increase your cover, you’ll need to answer a few simple questions about your health to ensure you are eligible to increase.
The money is yours to spend as you like. There are no restrictions on what you can or can’t spend your payout on.
Yes, there is a 30-day, no-obligation review period. If the product is not what you expected or you change your mind we'll cancel your policy and refund any premiums paid.
Yes, we will refund a proportion of the premium, depending on the date of cancellation. For example, if you pay an annual premium in January and you cancel in June, we’ll refund your premiums from June until December.
Your premium generally increases each year based on your age, gender, smoker status, and your amount of cover. You’ll receive a statement every year updating you about your adjusted premium.
Yes. We can send you a nominated beneficiary form to fill out with your beneficiary’s details. It is recommended that you put into place some provisions on how you’d like the payment be administered, I.e. organising a will, trustee or guardian. Their details will be loaded up with your policy and any payouts will then be made to them.
Human Immunodeficiency Virus (HIV) or Acquired Immunodeficiency Syndrome (AIDS) are excluded.
It should take less than 30 minutes.
Life Cover is not an investment policy so there is no surrender value and no cash back if you decide to cancel your policy at any time.
It’s our job to make any insurance claim process as easy and straightforward as possible – we appreciate this may be a difficult time for the person submitting the claim. You or your representative can simply call us on 0800 808 175 to get the ball rolling.
Please provide us with:
Your representative will need to provide the date of death, cause of death, and contact details for the administrator of your estate. We’ll contact them to get the rest of the information we’ll need to process the claim, which may include:
Once we have these documents and have accepted your claim, we will immediately pay out the money to your estate or the person you’ve chosen to receive it.