Disability Cover

If you become totally and permanently disabled, Disability Insurance will provide you with a lump sum payment to help make life a little bit easier. It can only be purchased alongside Life Insurance.

If you have Disability Insurance with us we’ll pay a tax free lump sum to the owner of the policy, if you become permanently unable to work or meet our Total and Permanent Disability Definitions due to an accident or illness.

Product name

The Basics

Getting a policy

  • Disability Insurance can be added as an early payment option to your Life Insurance.
  • From $100,000 to $1 million, you decide on the amount that’s right for you.
  • You have to be aged between 18 to 59 years and living in NZ, Australia, USA, Canada, UK, Ireland, Hong Kong or Singapore.
  • If you want to add Disability Insurance cover to your Life Cover you’ll need to contact us.

Once your policy is in place

  • If you get married, divorced, take out a mortgage or become a parent, you may be able to increase your cover by up to 50% with no medical questions asked. We understand that life changes!
  • You can decrease or remove your Disability Insurance from your Life Insurance policy at any time without penalty.
  • Your payments will increase each year as you get older.
  • When you turn 65 your policy will expire.

When you need to claim on your policy

  • You will get a cash lump-sum payment of up to $1 million (depending on the cover amount you’ve selected). Once paid, your level of Life Insurance will reduce by that amount.
  • Your claim will be paid in New Zealand Dollars anywhere in the world, to the person who owns the policy.
  • Your policy will be reinsured by Hannover Life Re, one of the largest reinsurers of life insurance in the world.

FAQs

Can I get cover for my parent/partner?

Yes, however the person who is being insured must provide the answers to the health questions on the application form. They’ll be the owner when the policy is issued, and so if you want to change that, you’ll need to get them to change it with the change of ownership form included in the policy.

How can I pay?

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.

What if I forgot to declare something on my application?

You need to let us know as soon as possible. The additional information you provide may or may not affect your policy. Your policy may be placed on hold while we work through the assessment process, alternatively we may need to void your policy and issue you with a new policy once we have completed our assessment. If you are unsure whether you disclosed something on your application, please contact us and we will send you a copy of your application to review.

Why do I need life insurance?

Life Insurance provides for those you leave behind and helps them after you are gone. Having life insurance means that those around you at least have some peace of mind around making sure the mortgage and the bills are paid at a time when everything else can seem tough. A life insurance policy helps your family maintain their lifestyle if you become terminally ill or if you die unexpectedly.

Still unsure?

Still unsure?

We can show you what insurance people planning for a similar future have asked about.

Help me choose
A notification message goes here.