- Family Protection Insurance
If you died, would you like to leave your family with a guaranteed monthly income payable for 10 years, and make sure that you continue to provide for their upkeep?
Family Protection insurance is a life insurance policy which pays a monthly benefit instead of a lump sum benefit in the event of your death. The monthly benefit is non-taxable, and is paid for a guaranteed period of 10 years. The policy provides an ongoing income for the upkeep of your family.
Family protection insurance is also an ideal complement to life insurance. As well as having life insurance to clear your mortgage and other borrowings, have a family protection insurance policy too to provide an ongoing income for the upkeep of your family. Lump sum and income—a perfect combination.
Apply online today and receive
25% Cash Back plus a $50 New World Voucher
when your policy is issued.
Sovereign TotalCareMax Family Protection insurance includes all the following great features:
Leave a monthly, tax-free income to your family, payable for a full 10 years. Choose a monthly income level with a fixed and guaranteed payment term of 10 years.
Whether you’re at home, or travelling or working anywhere overseas for any period, you remain covered under your policy for family protection insurance benefits.
Your family protection policy does not expire at any age. This means that there is no upper age limit to your cover. You can continue to be covered regardless of your age.
Any and all benefits payable under your family protection insurance policy are paid free of tax under current New Zealand legislation, directly to the policy owner.
There is no GST payable on family protection insurance premiums. Under New Zealand legislation, all family protection insurance premiums are fully exempt from GST.
You can increase the amount of cover under your family protection insurance policy when particularly important events occur in your life, without the need for you to complete any medical questions, examinations or tests.
If any change is made to the underlying policy in the future, and that change would be favourable to you, then guaranteed enhancement means that the change will automatically be applied to your policy.
If at any time during the 15 days following receipt of your policy you don’t wish to continue with your cover (for whatever reason at all), you can return your policy for a full refund of all premiums paid.
Check out the FAQs for answers to frequently asked questions.
View or download a copy of the policy wording.
The above identifies and provides a brief summary only of the principal benefits under the policy. Please refer to the policy wording, including the policy appendix and schedule, for full details of all the benefits and the terms and conditions under which they are provided.