Term Life Insurance NZ

Term life insurance is a type of policy that provides coverage for a certain period of time. This means that your beneficiaries will only be paid the sum insured if you’re diagnosed with a terminal illness, or if you pass away, during the specified time period. It also offers its own built-in benefits, such as funeral cover and financial advice, in order to help you sort out any unfinished business.

Your premiums are determined based on the value of your policy, or the payout amount when you first purchase your policy. Your age, gender, and health all factor into the total cost, and in some cases, a medical exam is required. The cash benefit that your beneficiaries receive is non-taxable and can be used to pay off personal or mortgage debt. Of course, term life insurance in NZ is renewable, though your premiums will be recalculated based on your age at the time of renewal.

Life Insurance Calculator

Compare term life insurance in NZ

Here at glimp, we’ve compiled a list of term life insurance policies from NZ’s leading insurance providers, allowing you to compare options in your own time! You can easily find your preferred deal in just minutes when you use our comparison tool.

Compare with glimp

Having a difficult time honing in on a term life insurance policy that works for you? You’re not alone! With so many great companies out there offering competitive deals, many Kiwis find it hard to choose and often end up spending several minutes poring through all the details.

Fortunately, glimp has already done the hard work and research, in order to narrow down the possibilities and leave you with just the relevant options. Best of all, it’s free to compare!

Simply provide us with a few details about what you need, and our tool will bring up a list of all the providers that match your specifications. Save yourself a significant amount of research time and find all sorts of policies when you compare term life insurance online with glimp.

Why compare with glimp?

We save you time & money

Easily compare life insurance policies and find the cheapest life insurance or the best term life insurance with return of premium in just a matter of minutes.

Best place to compare life insurance policies

Thousands of Kiwis have already made the switch and used our services for their insurance needs. We’ll help you find the best term life insurance in NZ too!

Compare term life insurance policies for free

glimp is 100% free to use! You pay us nothing regardless of which provider you switch to or choose.

They talk about us

We’ve been mentioned by various news outlets such as stuff, nzherald, Solarcity, Truenet, nbr, and many more.

Term life insurance FAQ

What is covered in a term life insurance policy?

This policy is designed to provide financial aid to your beneficiaries in the event of your passing. Depending on your policy, you may only have enough to cover immediate expenses like funeral costs, however, any surplus can be used to help with debts and mortgages.

Is term life insurance taxable?

It’s generally not taxable if you’ve named a real person as a beneficiary. However, there are some scenarios where it could be taxed. For example, naming your estate as a beneficiary would make it subject to taxes. Always seek advice if you have further questions about this.

When is the best time to purchase term life insurance?

Despite being a safety net in the untimely event of your passing, it’s actually advisable to purchase term life insurance early, as the costs do increase with age. Ultimately, you can buy life insurance at any stage of your life, although it’s best to do so before developing any severe health challenges.

Tea Edwards , 2024-03-25

I was a little hesitant to stay on the call when I first picked up but I’m glad I stayed until I did. Josua Legavai was the lovely lady taking care of me. She was so friendly, clear and helpful. She helped me understand everything I needed to and explained everything with great detail. I am still young and learning and have just moved into a new home with my son so I’m grateful she was able to help me today.

Zoe Pascoe , 2024-02-26

Highly recommend Jordan at Glimp, very professional and really good at her job! thank you for the help definitely saved me alot of time ready for our move thank you Jordan A+++++

Peter Allport , 2024-02-23

I'm so happy I asked Glimp for help, to find a service provider that suits our family's budget, without losing quality and unlimited data on both our mobile phones and broadband. Mele Falahola is a Comparison Specialist from Glimp and she was amazing from the beginning. Mele located the right service provider for our needs that will save us money!, fulfil our usage and more! compared to what we were using. My wife and I even asked for a comparison on our electricity bill. Mele responded immediately once she saw our monthly bills and compared it to another provider that not only do not required a contract to stick too (like the mobile and broadband provider Mele recommended) but their price per kWh was so much better! Which is why we changed that also. Thank you Mele and Glimp for your help. We can now look forward to our Christmas holiday in the Cook Islands from what we can now save. :-)