Fidelity Life: Life Insurance

Lump-sum protection for your family when they need it most. Fidelity Life pays an immediate $25,000 on death to help with funeral costs, with the balance paid as a lump sum.

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1973

Founded in NZ

A- (Excellent)

Financial strength

NZ owned

NZ Super Fund & Ngāi Tahu cornerstone

93%

Claims paid 2024-25

When you die, your family shouldn't have to worry about money on top of everything else. Fidelity Life pays a lump sum directly to the people you choose. They can use it to clear the mortgage, cover your debts, or keep their lives on track without you.

Fidelity Life was founded in New Zealand in 1973. Today, the company is New Zealand-owned through its two cornerstone shareholders: the NZ Super Fund and Ngāi Tahu Holdings. In 2024-25, Fidelity Life paid 93% of all life insurance claims.

What people use the lump sum for:

Paying off the mortgage
Clearing personal loans or credit card debt
Meeting business debts or buy-sell obligations
Creating an income fund the family can draw from over time

If you're diagnosed with a terminal illness

You don't have to wait until you die to claim. If your doctor confirms you have less than 12 months to live, Fidelity Life can pay your full lump sum early, so you have money when you actually need it.

Key features

Terminal illness benefit

Early lump-sum payment if diagnosed with under 12 months to live.

$25,000 funeral benefit

Immediate payment to help loved ones with funeral and other urgent costs.

Inflation protection

Optional CPI-linked sum insured increases each year.

Future insurability

Increase cover for marriage, new mortgage, or having a child without further medical underwriting.

Special events benefit

Additional triggers including investment property purchase and supporting a child in tertiary education.

Level term premiums

Fix your premium for the life of the policy for predictable budgeting.

FAP licensed IFSO member 4.8 (35 reviews)

Easy to understand, easy to decide.

Common questions about Fidelity Life life insurance

Will my premiums go up each year?

It depends on what policy you select. Traditional stepped premiums do increase each year on your policy anniversary. Level premiums do not increase with your age for a specified period of time.

Am I locked into the cover for a certain period?

No. If you cancel your policy in the first 14 days your premiums will be refunded. After the 14 day free look period you are able to cancel your cover at any time.

How can I pay my premiums?

You can choose your method of payment you prefer e.g., Credit card, monthly Direct Debit or Cheque.

Do I have to pay on fortnightly basis?

No. You can choose your payment frequency i.e. weekly, fortnightly, monthly or on an annual basis.

Are medical tests required?

In most cases no medical tests are required. Each application is considered on an individual basis. If you are required to undergo any medical test they will be paid for by the insurance provider and at no cost to you.

Can I apply directly with the insurance providers for cheaper cost?

No. Most insurance providers prefer to work through intermediaries like us rather than dealing directly. We don’t mark up policies. In fact, we guarantee your premium is the same as going direct.

Other Fidelity Life products

Monthly Mortgage Repayment Cover

Fidelity Life mortgage protector covers your mortgage repayments if illness, injury, or redundancy stops you from working. Keep your home protected while you get back on your feet.

Monthly Mortgage Repayment Cover details →

Income Protection

Fidelity Life income protection replaces a portion of your income if illness or injury stops you from working. Monthly payments help keep your finances on track while you recover.

Income Protection details →

Trauma Cover

Fidelity Life trauma cover pays a lump sum if you are diagnosed with a serious illness like cancer, heart attack, or stroke. The payment is yours to use however you need.

Trauma Cover details →

Ready to protect what matters?

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