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Life Cover

Protects your loved ones by paying them a tax-free lump sum if you die or are diagnosed with a terminal illness (as defined in the policy), so they have financial support when they need it most.

From $7.13/week.

Based on $500,000 cover for a 40-year-old female AA Member who is a non-smoker.

Premiums can be paid fortnightly, monthly, quarterly, half-yearly or annually.

Get a quote
  • Cover up to $1.5 million 
  • No medical examinations or reports required when you apply
  • 5% AA Member discount*

*Provide a valid AA Membership number at time of purchase. Discount applies to the total premium.

Mum and son standing in backyard smiling
Mum and son standing in backyard smiling

Who might this be for? 

  • You have a mortgage or other debts
  • You have children or someone who depends on you financially
  • You want peace of mind knowing your family has financial support if you pass away

How to apply

  1. Choose your cover amount
  2. Get an online quote in around 2 minutes
  3. When you're ready, apply, with no medical exam needed for application

What's included?

Life Cover includes a range of features designed to support you as life changes. 

A tax-free lump sum is paid if you pass away, or if you’re diagnosed with a terminal illness. 

An early payment of $15,000 will be paid (or your full sum insured if you have less than $15,000 of cover) to help with funeral costs, so your family has one less thing to worry about. 

If you experience a range of life events, like getting married, taking out a home loan, or welcoming a child, you can increase your Life Cover without needing to provide fresh medical information. 

You can nominate beneficiaries, so your payout can go directly to the people you choose, bypassing your estate and making the money available more quickly. 

Your cover amount increases each year on your policy anniversary by either 2% or the Consumer Price Index (CPI) — whichever is higher, up to the cover limit of $8,000/month (unless you tell us that you don't want your cover to be adjusted before your policy anniversary date).

If your budget changes, you can hold your premium payments at the same level. Your cover amount will reduce over time while the freeze is in place. 

If you’re experiencing financial hardship, unemployment or bankruptcy (as set out in the policy) you can apply for a premium holiday for up to six months and keep your policy in place. You'll still be covered while you're on the premium holiday.

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PLUS, free access to Connected Care

As an AA Life Insurance policyholder, you receive complimentary access to AA Life Insurance Connected Care – a virtual health and wellbeing service. It connects you and eligible family members with New Zealand GPs, global medical specialists, mental-health professionals and more. Whether you need a quick GP consultation, a second opinion, or wellbeing guidance, AA Life Insurance Connected Care is another way we help you focus on life’s precious moments.

Things you should know

  • You need to be aged 16–59 and in New Zealand when you apply, and be a New Zealand citizen, resident, or hold a valid visa for at least the next 12 months. Cover starts as soon as you receive confirmation of acceptance.
  • Death by self-inflicted act is not covered for the first 13 months of cover (or within 13 months after you increase your cover, but only for the extra amount of cover).
  • You can apply online, at an AA Centre, or over the phone with our New Zealand-based team. 
  • There's a 30 day no-obligation period - if you change your mind during this time, 100% of the premiums you've paid will be refunded, provided you have not made any claims. 

Understanding what your policy covers

Please read the policy wording so you understand what is and isn’t covered, the benefits, your responsibilities as the policy holder, cover limits and exclusions. 

You may want to also consider

Dad holding his young daughter and stuffed animal

Serious Illness Cover

Protection that supports you and your family if you have a heart attack or stroke, are diagnosed with cancer, or become seriously incapacitated (as defined under the policy).

Learn more
Mum holding baby in kitchen

Income Protection Cover

Regular monthly financial support for you and your family if illness or injury stops you from working.

Learn more

Have a question?

Please check out our frequently asked questions, give one of our friendly New Zealand-based team a call on 0800 AA LIFE Monday to Friday 8.30am - 5pm, or pop into one of our AA Centres to speak to a consultant.

Life Cover pays a lump sum if the person insured dies, regardless of whether the cause is illness or injury, as long as the policy terms and conditions are met.

No. Life Cover pays a lump sum if the person insured dies from illness or injury, as long as the policy terms and conditions are met. We have a specific cover for accidental death.

You may be able to, but the terms of your policy may be changed. For instance, a premium increase may apply (this means that your premiums may be more expensive). Any exclusions or increase in premium are made clear to you as part of the application process.

Yes. You can hold more than one life insurance policy (subject to maximum cover limits), as long as you meet eligibility requirements.

Why choose AA Life Insurance

 We help New Zealanders take care of what matters, on the road, and in life.

roundel 5% AA Member discount
roundel 99.4% of claims paid out
roundel phone and laptop icon simple online application
roundel with headset icon and New Zealand based support caption

*Provide a valid AA Membership number at time of purchase. Discount applies to the total premium. 

^AA Life Insurance claim acceptance ratio Jan-Dec 2024 for Life, Cancer Care, Funeral, and Accidental Death Cover.   

PZ AA Life

Our insurance partner 

AA Life Insurance policies are distributed by the New Zealand Automobile Association (Incorporated) (AA) and provided and underwritten by Asteron Life Limited. You should consider the appropriate policy wording before making any decisions about any policy you decide to purchase. Terms and Conditions, Limits and Exclusions apply

Financial strength rating 

Asteron Life Limited has been given an  "A+" (Strong) financial strength rating by Fitch Australia Pty Ltd (Fitch), an approved ratings agency.  The scale that this rating forms part of is available for viewing at Asteron Life Limited's New Zealand offices.

Financial advice 

Our website provides general information about our products and services to help you make choices when it comes to protecting the things in life that really matter. The information doesn’t take into account your specific financial situation, needs or goals and is not intended to be financial advice. 

If you'd like to receive financial advice, you can get professional advice from a financial adviser.

More information

Policy wording

Terms and conditions

Connected Care

Blog

Complaints process 

*Provide a valid AA Membership number at time of purchase. Discount applies to the total premium. 

The information on this page refers to the currently on sale product.