Why do you need Life Insurance?

Imagine your family after your death - what do their lives look like?

  • Your home: Is there a mortgage, and who will pay it?
  • Your children: What was your vision for your children's future, and what does it look like now?
  • Your income: If you were the major income provider, where does that income come from now?
  • The future: Because your family's future plans have now changed, are their choices limited?

The good news is that you can influence these outcomes.

Life Insurance helps give your family the financial freedom to be able to make the choices you intended and move on with their lives.

Special Events Increase Benefit

Major life events often mean you need to increase your Life Insurance. In the following circumstances you can purchase additional cover, irrespective of your state of health:

  • Marriage
  • Divorce
  • Having a child (by birth or adoption)
  • Becoming a full-time carer for the first time
  • Death of your spouse
  • Effecting or increasing your mortgage
  • Entering private practice or becoming a partner or director in a company for the first time.

Terminal Illness Benefit

If you are diagnosed as terminally ill with less than 12 months to live, a maximum of $1,000,000 of your life insurance can be paid early.

Advanced Assistance Benefit

There are many expenses immediately incurred upon death. Our Life Insurance cover can pay up to $15,000 immediately, in advance of the sum insured, upon written notification of death.

Future Life Insurance Option

Your health can change as you age. By selecting this option, you can purchase additional Life Insurance cover every three years prior to your 55th birthday irrespective of your state of health at the time - protecting your ability to get cover in the future. (Terms and conditions apply to this optional benefit).

Man in blue sweater holding a phone

Next Steps

For more information read our Life Insurance summary document. The next step is to meet with a MAS adviser who will conduct a free financial review. MAS advisers are happy to meet when and where it suits to fit into your busy schedule. 

They can meet in person, via SkypeMicrosoft Teams, or simply by phone, at a time that works for you. If you want to organise an online or phone conversation with a MAS adviser, please email info@mas.co.nz or fill in our contact form.

Recent MAS Life Insurance Claims

Life Insurance is important for people of all ages, as a wide range of unexpected events can and do occur. The following is a sample of Life Insurance claims paid by MAS between 2015 and 2021.

Age at Death Cause of Death Sum Insured
32 Brain haemorrhage $1,045,500
57 Breast cancer $608,700
45 Pancreatic cancer $556,600
53 Bowel cancer $376,200
65 Respiratory disease $500,000
59 Brain tumour $411,100
44 Suicide $1,727,370
54 Pancreatic cancer $500,000
64 Breast cancer $523,500
35 Colon cancer $1,000,000
50 Car accident $500,000
42 Bowel cancer $500,000
66 Liver disease $400,000
38 Accident $450,000
54 Accident $498,300
49 Lung cancer $316,202
61 Prostate cancer $100,000
58 Circulatory disease $500,000
60 Lung cancer $100,000
50 Breast cancer $419,322
48 Car accident $350,850
54 Ovarian cancer $333,800
64 Respiratory disease $500,000