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Personalised Strategies for Business and Personal Insurance
Located in Dunedin and Central Otago | All enquiries welcome

What are the benefits of getting life insurance?

Life insurance is a practical and empowering way to take care of the people you love. While no one can predict the future, having the right cover in place means your family will be financially supported if the unexpected happens.
A life insurance policy can provide a lump sum or a monthly payment to your family, helping cover everyday living costs, mortgage repayments, or future goals. Many policies also offer early payouts if you’re diagnosed with a terminal illness, along with upfront support for immediate expenses such as funeral costs. You can tailor the amount of cover to suit your lifestyle and needs, giving you peace of mind that your family’s future is protected, no matter what comes your way.
Get in touch today to talk through your options and find a life insurance policy that fits your needs and budget. Insure Otago is here to make the process easy and give you confidence in your decisions.

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If you have a question, or would like to talk to one of our advisors about your insurance needs, please fill in the form and we'll be in touch as soon as we can.
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Insure Otago has proudly provided life insurance advice to individuals and families across Otago for many years, offering tailored strategies and trusted guidance to help protect what matters most

  • Life insurance can protect the financial future of your family should the worst happen
  • Finding the best option for you from the life insurance products and providers available
  • Breaking down the industry jargon to make life insurance policies easy to understand
If you’re looking for independent advice on life insurance, Insure Otago is here to help.

What is life insurance?

Life insurance is about protecting the financial future of your family if you pass away. These policies can either pay out a lump sum or monthly payment and, depending on the policy, can provide an upfront payment to help with immediate things such as funeral expenses.
Many policies also provide the ability to access an early payment of your insurance in the event that you’re diagnosed as being terminally ill.

How does life insurance work?

At its core, life insurance provides a lump sum or monthly payment to the policy owner upon death or diagnosis of a terminal illness. In addition to the financial payout, many policies include valuable supplementary benefits such as grief counselling and financial advice for the surviving partner or beneficiaries.
Because of these important features, correctly assigning policy ownership is crucial to ensure the right people receive the intended support when it matters most.

Are there different types of life insurance?

Different life insurance providers will have slight differences in their policies, though broadly speaking, they do the same thing. Where there can be a difference is in terms of the premium you pay, and you can pick what is called stepped cover versus level cover.
Stepped cover, as the name suggests, will see your premium increase as you age, being cheaper initially but more expensive over time. Level cover stays at the same price in the long term, but will cost more initially.

How Insure Otago can help...

Contact Insure Otago for a no-obligation discussion about your individual life insurance needs.
Personalised Solutions for Business and Personal Insurance
Located in Dunedin and Central Otago | All enquiries welcome