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Your premium is calculated on your First Premium Payment Date considering your age, gender, smoker status, and the benefits you choose, as well as your responses to health and lifestyle questions.
Typically, life Insurance premiums go up each year as you get older. Your premiums are recalculated based on your age increase, gender, smoking status , plus a 3% Automatic Sum Insured Increase on each Policy Anniversary. This increase is added to your benefit to help keep the real value of your insurance cover. You can choose to opt out of the Automatic Sum Insured Increase by giving us a ring at 0800 108 108 or emailing customercare@momentumlife.co.nz. If you do opt out of the Automatic Sum Insured, then your premiums will only adjust in line with factors that influence your premium – for example age and smoking status, And if they do change, be assured we will let you know about these changes at least 30 days beforehand.
As long as you keep up with your premiums, you can have Platinum Life Insurance for life. Plus, once you reach 90, you...
Platinum Life Insurance for a Life Insured will end upon one of the earliest of the following events:...
Insurance Benefit anytime within the Minimum and Maximum Benefit Amount of your Policy or add or remove a second Life...