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Frequently Asked Questions

When is the best time to apply for Life Insurance?

It’s recommended to get life insurance early, while you still have no illnesses or conditions that can raise your premiums. This also allows you to accumulate a sizable amount as some insurers have a form of rainy day fund that can help if you’re diagnosed with a terminal illness.

What other types of coverage can I expect or add to my existing Life Cover?

In addition to life insurance and terminal illness cover, other forms of cover includes trauma, disability, and income protection. All these policies pay out a lump sum if a critical illness renders you unable to provide for your family. When it comes to terminal illness, you can usually get it in monthly installments to serve as an income.

Some options include these covers, making it a more flexible investment for your future. Others have them as separate policies but will offer multi-policy discounts to help with your premiums.

I’m not sure where to get started with choosing my life insurance policy.

You can browse all the tailored deals available and compare them side-by-side here at glimp. See which options have the rates and terms that you find amenable. Some of them offer certain benefits like getting in touch with an independent adviser, ensuring your policy is tailored exactly to your preferences.

What are situations where a claim won’t be paid out?

This differs depending on life insurance companies. As a general rule, however, you can’t make a claim for the following:

• If the claim is made as a result of war, invasion, terrorism, air strikes, riots, civil war, rebellion, insurrection, or military usurpation.
• If you fail to provide adequate information or if you haven’t been truthful when about your details.
• If the claim is made as a result of a suicide, attempted suicide, or intentional self-injury within a certain timeframe after the cover start date.

Will I be able to change the details of my cover?

Yes. Most policies allow you to change the provisions of your policy. For example, you suddenly had an increase in financial responsibility, you can talk with most providers the amount you’re insured for.

If you’re thinking about making the switch to a different provider, you can easily do it here at glimp. Enter a few details and then choose from the different options presented just for you.

About glimp

glimp is a comparison website for utilities such as broadband, power and gas. glimp has helped thousands of New Zealanders find great deals on their utilities since January 2016. The glimp.co.nz comparison and switching service is designed to help you save time and money by finding you the best deals from participating providers, and at the best prices.

glimp strives to ensure the information on its website is accurate and up to date, but it may exclude special offers from providers. The information is not an endorsement or advice. Before choosing a provider, you must satisfy yourself as to its suitability for your situation. Terms apply.