The passing of a loved one is a difficult time for those who are left behind, not only emotionally, but also sometimes financially. By taking out Prime Life cover arranged by TSB now, you can ease the burden on your family in such a difficult time, and help cover immediate expenses such as funeral costs or bringing family from overseas.
Prime Life at a glance
- Affordable reassurance for your loved ones
- Guaranteed acceptance for customers aged 55-85
- Funds usually available 48 hours after the claim is accepted
- 15% discount for joint policies
- Cover levels available from $5,000 to $15,000
- Premiums fixed regardless of any future health problems
- Underwritten by Cigna Life Insurance New Zealand Limited
- Immediate cover for accidental death and full cover after 24 months
How am I protected?
Prime Life is designed to firstly cover the immediate needs of those you leave behind. However with guaranteed acceptance for TSB customers aged 55-85 and no medical questions to answer, you'll also have the flexibility to put additional cover in place at a time of life when it can be hard to get extra cover.
Simply nominate a beneficiary, and Prime Life ensures tax-free funds will be available to them when they’re needed most – usually just 48 hours after the completed claim requirements are received.
You’re protected for accidental death from day one. After two years, full cover applies for both accidental death and death by natural causes. Suicide is not covered within the first 13 months of the policy. If death by natural causes occurs in the first two years, we will refund 100% of any premiums paid.
Prime Life lets you choose the level of cover you want to provide, with premium discounts for non-smokers.
You’ll find it easy to plan ahead with fixed monthly premiums. And if you and your partner both join together, we will discount your total premium by 15%. Prime Life is also tax-free under current legislation so you’ll receive your full cover level.
Below is an example of the monthly premiums you can expect to pay.
|Example||Cover level||Monthly Premiums|
|55 year old non-smoking male||$10,000||$49.70|
|57 year old smoking male||$6,000||$47.71|
|60 year old non-smoking female||$5,000||$27.29|
|65 year old smoking female||$5,000||$40.54|