Money – Momentum Life

Why Your Pet Might Be More Prepared Than You Are

Published on Wed Jun 18 2025 in Money

We all unquestionably love our pets – But lately, Kiwi pet owners are getting wise about planning for their pets’ future, perhaps even more than their own. With vet bills skyrocketing, more pets are on insurance, while funeral insurance uptake remains low. That contrast is striking.

? Pet Insurance is No Longer a Niche

• In 2022, the NZ pet insurance market was valued at NZ$30 million, expected to hit NZ$50 million by 2025.

• Southern Cross Pet Insurance reached over 65,000 policies by early 2025. In May 2022, only ~22% of NZ pet owners had cover—but that’s climbed to ~33% by January 2025.

• Vetlife reports that only 15–20% of NZ pets are insured, which still equates to hundreds of thousands—since ~63% of Kiwi households have pets.

⚖️ Funeral Insurance Uptake in NZ

• Although hard stats are scarce, pet insurance support typically falls in the 15–37% range.

• In contrast, funeral insurance uptake remains very low. For example, only 5% of Kiwis have pre-paid or planned funeral cover.

• The above, in spite of the fact that the average NZ funeral now costs around $10,000—up to $15,000 for more elaborate services.

? How Funeral Insurance Offers Peace of Mind

Just as pet insurance gives you control over your dog or cat’s care, funeral insurance helps protect your loved ones from financial strain when you pass away. A simple lump-sum payout can help cover all expenses—coffin, plots, catering, celebrant—allowing families to focus on honouring your life.

✅ Final Word

Protecting our pets isn’t just about financial prudence; it’s a promise to care for them no matter what. With funerals now costing tens of thousands, funeral insurance offers a similar promise—to shield those we love from bill shock during a painful time. If you’re ready to talk about a plan that honours your final legacy, we at Momentum Life are here to help.

It’s all really quick, and simple – You can sign up for a funeral insurance plan online, or call us on 0800 111 679 and we’ll get you sorted.

Get funeral cover today, to make sure your family is protected during an already difficult time.

The content provided in this article is for information purposes only. The information is of a general nature and does not constitute financial advice or other professional advice. To the extent that any of the content constitutes financial advice, it is limited to Momentum Life products only and does not consider your specific financial needs or goals. You should consider whether the information is appropriate for you and seek independent professional advice, if required.

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

You’ve Got a Will, But Have You Got a Way?

Published on Thu Jun 5 2025 in Money

Many New Zealanders understand the importance of having a will. Yet, a significant number overlook the financial implications that come with end-of-life arrangements. While a will outlines your wishes, it doesn’t cover the costs associated with fulfilling them.

The Reality of Wills in New Zealand

Recent research indicates that nearly half of New Zealand adults do not have a will. Even among those who do, many are unaware that a will doesn’t provide the funds needed for funeral expenses.

The Missing Piece: Funeral Insurance

A will specifies your desires, but without the financial means to execute them, families may face unexpected burdens. Funeral insurance ensures that your loved ones have the necessary resources to carry out your final wishes without added stress.

Planning Ahead for Peace of Mind

By combining a well-prepared will with a comprehensive funeral insurance plan, you provide clarity and financial support for your family during a challenging time. This proactive approach ensures that your legacy is honored as intended.

Secure your family’s future today. Explore Momentum Life’s funeral insurance options to complement your estate planning. You could purchase online right away, or place an enquiry for one of our friendly team members to assist in taking out a policy.

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

KiwiSaver Changes and Economic Uncertainty: Why Now is the Time to Secure Your Financial Future

Published on Mon May 19 2025 in Money

As discussions around changes to KiwiSaver heat up in Wellington, many Kiwis are understandably questioning what the future holds for their retirement savings. Coupled with fluctuating interest rates, rising living costs, and a constantly shifting economic landscape, it’s becoming more important than ever to take personal control of your long-term financial security.

One area that often gets overlooked in financial planning is funeral insurance. While many people put emphasis on saving for a comfortable retirement, few plan for the expenses that can arise unexpectedly—especially at the end of life.

At Momentum Life, we believe peace of mind should be part of your financial future. That’s why we offer Funeral Insurance that’s simple to get and easy to understand. No medicals. No paperwork. Just straightforward cover you can rely on, with guaranteed acceptance for all New Zealanders aged 40 to 75. What’s more, you can buy funeral insurance online.

Why Now?

If KiwiSaver rules are tightened or returns are affected, some people may find themselves with less flexibility or fewer funds than expected. Adding a small, fixed funeral cover can ease the burden on loved ones—and ensure that your legacy doesn’t come with a financial cost.

Now is the time to take stock of your finances and prepare for all stages of life. Momentum Life is here to support you with smart, affordable cover that fits your future.

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

Auckland’s Housing Market Is Stabilising – But What Does It Mean for Your Long-Term Financial Security?

Published on Fri May 9 2025 in Money

After a few years of turbulence, Auckland’s housing market is starting to show signs of recovery. According to the latest figures from the Real Estate Institute of New Zealand (REINZ), the median house price in Auckland has stabilised at $1.04 million as of March 2025. While that figure represents a 2.8% annual decline, experts suggest we’ve turned a corner from the price dips of recent years.

That’s good news for homeowners and investors – but what does it mean for everyday Kiwis trying to plan for the future?

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? The Bigger Picture: Economy Still Finding Its Feet

Despite some recovery in housing, New Zealand’s overall economy remains fragile. Even though NZ’s Gross Domestic Product (GDP) rose 0.7% in the December quarter of 2024, unemployment is sitting at 5.1% in the March 2025 quarter 5.3%, its highest level since 2016. These figures point to an economy in transition – slowly regaining ground, but still vulnerable to global uncertainty and domestic challenges.

While interest rate cuts by the Reserve Bank – and more expected- could ease the pressure on mortgages, many families are reassessing their long-term financial resilience. It’s not just about home ownership anymore – it’s about building a robust safety net across all aspects of life.

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? Why Funeral Insurance Deserves a Spot in Your Financial Plan

In this climate, financial planning should go beyond savings accounts and property investments. It’s about making sure every part of your plan includes protection for your loved ones, even in life’s most difficult moments.

That’s where funeral insurance comes in.

At Momentum Life, we’ve seen firsthand how funeral costs – several thousand dollars in New Zealand – can strain families emotionally and financially. And unlike some other policies, our funeral insurance offers guaranteed acceptance for NZ residents aged 40 to 75, with no medicals required.

Think of it this way: you may have your mortgage sorted, your super fund on track, and even a small portfolio of investments. But if something were to happen to you unexpectedly, would your family have the immediate funds to cover your farewell?

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? Final Thoughts

Auckland’s housing market may be bouncing back, but financial certainty still feels out of reach for many. As part of your holistic approach to financial planning, funeral insurance is a smart, responsible way to protect the people who matter most – no matter what the economy throws at us next.

Explore Momentum Life’s simple, online funeral insurance plans today. Your family’s future is worth it.

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All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

How to Buy Funeral Insurance Online in Under 10 Minutes

Published on Thu May 1 2025 in Money

Buying funeral insurance used to involve forms, phone calls, and delays. Not anymore. With Momentum Life, you can secure funeral cover online in under 10 minutes — with no medicals, no paperwork, and guaranteed acceptance for New Zealanders aged 40–75.

Here’s a quick guide on how to secure funeral insurance today, in under 10 minutes!

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Step 1: Visit the Momentum Life Website

Head to Momentum Life’s Funeral Insurance page where you’ll find everything you need to understand your policy options.

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Step 2: Use the Quick Quote Tool

Click on “Start my quote”, enter some basic details, and get an instant funeral insurance quote. There’s no obligation to buy and no personal medical information required.

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Step 3: Choose Your Cover Amount

Momentum Life offers flexible cover amounts up to $30,000 to help your whānau cover funeral costs, final bills, or even a small memorial. You can choose from the 3 funeral cover quotes presented to you along this online purchase journey, depending on your needs and preferences.

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Step 4: Apply Online – 100% Paperless

Once you know which funeral cover amount is best for you, click “select this plan” and continue your application. A short form will appear, which will only take a few minutes to fill out.

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Step 5: Complete your Purchase

Once your details are in and you’ve read and understood the terms, the online funeral cover purchase can be completed, and the policy is activated immediately. You’ll get confirmation via email, and your family can contact our local team whenever needed.

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Why Choose Momentum Life?

• No medicals or paperwork

• Guaranteed acceptance for ages 40–75

• Fast online application

• Trusted by thousands of Kiwis

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Final Thoughts

Buying funeral insurance in New Zealand has never been easier. Momentum Life makes it simple, secure, and stress-free. So why wait?

Start your application today and get covered in under 10 minutes.

? Get funeral cover now

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All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

What Does Funeral Insurance Actually Cover?

Published on Thu Apr 24 2025 in Money

A simple breakdown of how funeral insurance can help your loved ones.

When considering funeral insurance, many people ask the same question: What exactly does it cover? At Momentum Life, we believe in clear, straightforward protection — especially when it matters most.

Let’s walk through what funeral insurance typically covers, and how it can ease financial pressure for your family during a difficult time.

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? A Lump-Sum Payment

When you take out a funeral insurance policy with Momentum Life, your family receives a lump-sum payout (up to the cover amount you select, with a maximum of $30,000) if you pass away. This money can be used however they need — but it’s typically used to cover funeral-related expenses.

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⚰️ Common Funeral Costs Covered

Here’s how most families use the funeral insurance payout:

• Funeral director fees

• Burial or cremation costs

• Coffin or urn

• Venue hire and catering

• Flowers and service booklets

• Transport (hearse, family vehicles, etc.)

• Death notices or obituaries

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? Other Expenses It May Help With

In addition to direct funeral costs, some families use the payment for:

• Outstanding medical bills

• Legal or estate fees

• Travel costs for family attending the service

• Memorials or headstones

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? No Strings Attached

The beauty of a lump-sum payout is that it’s flexible — your loved ones decide how to use it based on their needs. It’s not restricted to specific services or providers.

At Momentum Life, there are no medical checks required, and you can apply completely online — with guaranteed acceptance for NZ residents aged 40–75.

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?️ Give Your Family the Gift of Preparedness

Planning ahead means they’ll have one less thing to worry about. Learn more or apply now at

? momentumlife.co.nz/funeral-insurance

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All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

Funeral Insurance for Pensioners – Peace of Mind for You and Your Family

Published on Tue Mar 18 2025 in Money

As we get older, we start thinking more about the legacy we leave behind—not just in memories but also in how we take care of our loved ones after we’re gone. For pensioners, planning ahead with funeral insurance can be a thoughtful and practical step towards ensuring financial security for family members during an already difficult time.

Why Consider Funeral Insurance?

Funeral costs in New Zealand can add up quickly, often reaching thousands of dollars.

Without a financial plan in place, loved ones may be left with unexpected expenses at an emotional time. Funeral insurance offers a simple way to cover these costs, ensuring your family isn’t burdened financially.

What Makes Funeral Insurance a Good Choice for Pensioners?

• Guaranteed Acceptance: At Momentum Life, all New Zealanders aged 40–75 are guaranteed acceptance for funeral insurance—no medicals required.

• Quick Payout: Unlike some traditional life insurance policies, funeral insurance provides a lump sum payout, often within days, helping to cover immediate expenses.

• Flexible Cover Options: Choose a benefit amount that suits your needs and budget. Whether it’s for funeral costs, outstanding bills, or leaving a little something behind for loved ones, you’re in control.

• Affordable Premiums: With affordable, fixed premiums, you can have peace of mind knowing exactly what you’re paying.

Take Care of Tomorrow, Today

Funeral insurance is about more than just covering costs—it’s about giving your family time to grieve without financial worry. With Momentum Life, setting up a policy is simple, and you can get a quote online in minutes. Start planning today and give your loved ones one less thing to worry about.

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

How to Make Your Funeral Pay for Itself

Published on Fri Mar 7 2025 in Money

Planning for the inevitable is never easy, but ensuring your funeral costs are covered can provide peace of mind for you and your loved ones. While funerals can be expensive, there are ways to make sure your final farewell doesn’t become a financial burden. Here’s how you can make your funeral pay for itself.

1. Consider Funeral Insurance

One of the most straightforward ways to cover funeral costs is through funeral insurance. With Momentum Life’s Funeral Insurance, you can ensure your loved ones receive a lump sum payout to cover funeral expenses and any remaining debts. Unlike traditional life insurance, funeral insurance is designed specifically to provide quick access to funds when they are needed most.

2. Prepay Your Funeral

Many funeral providers allow you to prepay for your funeral, locking in today’s prices and avoiding rising costs. Websites like Funeral Directors Association of New Zealand offer directories of funeral homes that provide prepayment plans.

3. Consider a Green or Low-Cost Funeral

Eco-friendly funerals are becoming increasingly popular. Not only are they better for the environment, but they also tend to be less expensive. Opting for a direct cremation or a natural burial at locations like Natural Burials NZ can help reduce costs.

4. Set Up a Dedicated Savings Account

Another option is to create a dedicated funeral savings account. A high-interest savings account or an investment fund can grow over time and be specifically designated for funeral expenses. Check out Sorted NZ for financial planning tools and advice.

5. Use Crowdfunding or Estate Planning

Some families turn to crowdfunding platforms like Givealittle to raise funds for funeral expenses. Additionally, proper estate planning ensures that assets are allocated efficiently and can help ease financial burdens on family members.

By planning ahead and choosing the right financial protection, you can ensure your funeral costs are covered without leaving loved ones in financial distress. Momentum Life’s Funeral Insurance offers a simple and affordable way to secure peace of mind. Purchase it today and take control of your future.

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

The Latte Factor vs. Funeral Insurance: Small Daily Savings That Change Everything

Published on Wed Feb 26 2025 in Money

We all have those little daily splurges—maybe it’s your morning flat white, an extra streaming service, or an impulse snack at the checkout. These tiny purchases seem harmless, but have you ever added them up?

There’s a concept called The Latte Factor, popularised by financial expert David Bach. It’s the idea that spending small amounts every day—like $5 on coffee—adds up to thousands over time. The real kicker? If you redirected just one of these daily expenses into something meaningful, like funeral insurance, you could ease the financial burden on your loved ones when they need it most.

Breaking Down the Numbers

Let’s say you spend $5 a day on a takeaway coffee. That’s:

☕ $35 a week

☕ $151 a month

☕ $1,820 a year

Over 10 years? $18,200. On coffee.

Now, what if you put just a fraction of that towards funeral insurance? For as little as $1 a day, you could have coverage that ensures your family isn’t left with unexpected costs when you pass away.

It’s About Priorities

Nobody’s saying you should give up coffee (we wouldn’t dare!). But imagine making a wise investment like getting a coffee machine, and enjoying the benefits of the tangible savings that follow. It’s a simple shift that can change everything when the time comes.

With Momentum Life Funeral Insurance, you get:

✅ Guaranteed acceptance for New Zealanders aged 40–75

✅ No medicals or paperwork—just a quick online application

✅ A lump sum payout to help cover funeral expenses and other costs

A Small Change, A Big Difference

We often don’t think about funeral costs until it’s too late. But with a little planning—maybe even with one less coffee a week—you can make sure your family is financially protected when they need it most.

So, what’s worth more to you? A few extra lattes or the peace of mind that comes with knowing your loved ones won’t struggle when you’re gone?

It’s your call. But the next time you order that extra-large caramel mocha, maybe—just maybe—you’ll think twice.

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

What’s More Expensive: Your Wedding or Your Funeral?

Published on Fri Feb 14 2025 in Money

With Valentine’s Day here and wedding season in full swing across New Zealand, love is certainly in the air. It’s a beautiful time filled with romance, celebrations, and lifelong commitments, as couples embark on their journey together. But while weddings bring joy, they also come with a significant financial cost—much like another major life event that’s often overlooked: funerals.

It’s one of life’s big milestones—your wedding, a day filled with love, celebration, and, let’s be honest, a pretty hefty price tag. But what about the other major event in life that no one likes to think about—your funeral? Surprisingly, in New Zealand, the cost of a funeral can rival (or even exceed) that of a wedding. So, which one is more expensive, and how can you be prepared?

The Cost of a Wedding in New Zealand

Weddings are big business, and in New Zealand, couples can spend anywhere from $20,000 to $50,000 (or more!) on their big day. Here’s where the money typically goes:

• Venue hire – A beautiful spot can set you back anywhere from $5,000 to $15,000.

• Catering – Feeding your guests isn’t cheap, with costs often exceeding $100 per person.

• Dress & Suit – A wedding dress alone can range from $2,000 to $5,000.

• Photography & Videography – Capturing memories professionally can cost upwards of $5,000.

• Flowers, décor & entertainment – The little details add up, often pushing the budget higher.

With costs like these, it’s no wonder many couples start their married life with a significantly lighter wallet!

The Cost of a Funeral in New Zealand

Funerals, on the other hand, are often an unexpected expense, and they don’t come cheap. The average funeral in New Zealand can cost anywhere between $8,000 and $15,000, and sometimes even more. Here’s what contributes to the cost:

• Coffin – A standard coffin can cost between $1,500 and $6,000.

• Funeral director fees – Professional services, including paperwork and coordination, can cost from $3,000 upwards.

• Burial or cremation – A burial plot can cost up to $5,000, while cremation fees can range between $600 and $2,000.

• Catering, venue & service costs – Just like a wedding, food, venue hire, and transport add to the final bill.

• Headstones or memorials – These can cost several thousand dollars on their own.

Unlike a wedding, where you have months (or even years) to save up and plan, funerals often come unexpectedly, making financial preparedness even more crucial.

So, Which Costs More?

While weddings often come with a higher price tag, they are planned events where costs can be adjusted, savings can be used, and contributions from family can help. Funerals, on the other hand, are often unplanned, and the financial burden falls on grieving loved ones who may struggle to cover the expenses at short notice.

How Funeral Insurance Can Help

This is where Funeral Insurance becomes a game-changer. With a small, manageable premium, you can ensure that your loved ones aren’t left with a hefty bill when the time comes. Funeral Insurance provides a lump sum payout to cover funeral costs and related expenses, easing the financial stress during an already difficult time.

At Momentum Life, we believe that preparing for the future is one of the best gifts you can give your family. Our Funeral Insurance plans are designed to provide peace of mind, ensuring that when the time comes, your loved ones can focus on what truly matters—honouring your life and legacy, not worrying about costs.

Final Thoughts

While weddings are expensive, they are a joyous event that couples can save and plan for. Funerals, however, often come as an unexpected financial shock. The good news is that with Funeral Insurance, you can take control and make sure your family isn’t left struggling with sudden costs.

Want to learn more? Get in touch with Momentum Life today and ensure you and your loved ones are financially prepared for whatever life brings.

? 0800 111 679

? customercare@momentumlife.co.nz

? https://www.momentumlife.co.nz/Buy

All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.

Why Your Pet Might Be More Prepared Than You Are

You’ve Got a Will, But Have You Got a Way?

KiwiSaver Changes and Economic Uncertainty: Why Now is the Time to Secure Your Financial Future

Auckland’s Housing Market Is Stabilising – But What Does It Mean for Your Long-Term Financial Security?

How to Buy Funeral Insurance Online in Under 10 Minutes

What Does Funeral Insurance Actually Cover?

Funeral Insurance for Pensioners – Peace of Mind for You and Your Family

How to Make Your Funeral Pay for Itself

The Latte Factor vs. Funeral Insurance: Small Daily Savings That Change Everything

What’s More Expensive: Your Wedding or Your Funeral?

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