Platinum Life Insurance FAQs

What is Platinum Life Insurance?

Platinum Life Insurance offers comprehensive cover for your whole family, paying a lump sum benefit to your loved ones...

Who can apply for Platinum Life Insurance?

All New Zealanders aged 16 – 65 can apply for Platinum Life Insurance, with no medicals, blood tests or paperwork...

How much Platinum Life Insurance can I apply for?

You can apply for a Platinum Life Insurance Benefit from $50,000 up to $1 million maximum Benefit per Life Insured,...

How long can I keep my Platinum Life Insurance?

Provided you continue to pay your premiums, you can keep your Platinum Life Insurance for life. Plus, once you reach age...

What is covered under Platinum Life Insurance?

With Momentum Life Platinum Life Insurance your loved ones could receive your chosen Life Insurance Benefit as a lump...

What is not covered under Platinum Life Insurance?

We will not pay a Life Insurance Benefit if you or your insured Partner/Relative dies or has a Terminal Illness directly...

Can I add additional benefits to my cover?

Yes. This Platinum Life Insurance can also provide optional cover for Trauma events or Accidental Death. This can be a...

Can I decide who receives my benefit(s)?

Yes. As the Policy Owner, you have the option to nominate a beneficiary or beneficiaries to receive the Platinum Life...

When does my Platinum Life Insurance start

Your Platinum Life Insurance Policy and cover for a Life Insured starts on the Acceptance Date. Once your application is...

When does my Platinum Life Insurance end?

Platinum Life Insurance for a Life Insured will end upon one of the earliest of the following events:...

What is the Financial Planning Benefit?

Once you’ve continuously held your Policy for 3 years, your Policy will be automatically upgraded to include the...

What is the Advance Funeral Payment?

Once you have held your Platinum Life Insurance continuously for 24 months, we will automatically upgrade your Policy...

How are premiums calculated?

Your premium is calculated at your First Premium Payment Date based on your age, gender, smoker status, your answers to...

What if I want to change my Platinum Life Insurance?

From time to time your insurance needs or budget may change. You can apply to increase or decrease your Platinum Life...

Am I covered while overseas?

Absolutely. With Momentum Life Platinum Life Insurance you have cover 24 hours a day, 7 days a week, anywhere in the...

How do I make a claim?

If you, your nominated beneficiary, or your legal representative need to make a claim under your Policy, you or they can...

Can I cancel my policy?

You have a 30 day cooling-off period from your First Premium Payment Date to make sure this cover is...

Question not answered?
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