Following up on Steve's post a few days ago regarding high commissions, thought a quick comparison of life insurance premiums across the NZ market would indicate just how much more efficient it is to buy your life insurance online.
Take a look at this simple comparison table for two 40-year-olds buying $300,000 life insurance cover…
(All prices have been sourced from quotes on NZ website available to the public)
|
Male Age 40 non-smoker Cover $300,000 |
Monthly Premiums |
% More expensive by… |
|
Pinnacle Life |
23.66 |
|
|
Fidelity |
28.45 |
20% |
|
Asteron |
28.61 |
21% |
|
Tower |
28.75 |
22% |
|
AIA |
29.66 |
25% |
|
Sovereign |
30.18 |
28% |
|
ING |
32.70 |
38% |
|
AMP |
33.69 |
42% |
|
Female Age 40 non-smoker Cover $300,000 |
Monthly Premiums |
% More expensive by… |
|
Pinnacle Life |
20.75 |
|
|
Asteron |
23.63 |
14% |
|
Tower |
24.00 |
16% |
|
AIA |
24.71 |
19% |
|
Sovereign |
24.81 |
20% |
|
Fidelity |
24.89 |
20% |
|
AMP |
27.90 |
34% |
|
ING |
28.03 |
35% |
On average you can save over 20% if you buy on-line… go figure J
