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What if an immigrant buys a NZ life insurance policy?

Received on this blog...

Question Hi , we - an immigrant family - are interested in 2 life policies. We are NZ permanent residents and have lived in NZ for the last 6.5 years. What happens if we buy the policies and in the future we need to go back to our birth country for a while, e.g. to take care of dependent grandparent. Will we remain covered?

Answer You are eligible to buy a life insurance policy from Pinnacle Life because you are a NZ resident. Once you have purchased the policy, you are covered wherever you are in the world. Even if you return to your country of birth and give up your NZ residency, you will still remain covered. Because it is a NZ policy, your claim will be paid in NZ Dollars to the bank account of your choice, anywhere in the world.

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