Critical Illness Cover can be added to your Life Insurance and means that, if you suffer from one of the conditions specified in your policy, you will receive a lump sum payment. Adding Critical Illness cover to your Life Insurance policy helps to ease the burden on your family at a difficult time.
If Critical Illness cover is added to your policy we’ll pay the owner of your policy a tax-free lump sum payment if one of the twenty four conditions covered under the policy are diagnosed.
Cancer diagnosis are the most common reason we pay Critical Illness claims, but you’ll also be covered in the event of a heart attack, stroke and many other conditions.
If you don’t apply for Critical Illness at the same time as your Life Insurance, you may have the option of adding Serious Illness cover to your policy later. Serious Illness will cover you for the four main reasons that people claim on their Critical Illness cover. (Critical Illness covers you for 24 different conditions.)
Critical Illness and Serious Illness are also known as Trauma Cover. Every company has a different version of trauma cover, read what’s covered by each of our policies in the links below.
You can pay your Pinnacle Life premiums monthly, six-monthly or yearly. We prefer it if you pay by direct debit, however we also accept internet banking/automatic payment, cheque (for six monthly or annual premiums only), or credit card. When paying via credit card, a charge of 3.95% is added to your premiums.
We do not accept weekly or fortnightly payments.
We offer life insurance cover to people aged between 18 and 75. You can apply online if you are aged 20 to 69, otherwise you’ll need to contact our office. For funeral cover you need to be aged 30 to 75 and live in NZ.
For income protection, we offer cover to people aged between 20 and 59 who are living and working in NZ.
If you are diagnosed with a critical illness this cover will pay you a tax free lump sum.Others have used it to pay bills while they aren’t able to work, help fund their treatment, get some extra help at home. It helps make your life easier while you are dealing with an illness.
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