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For many of us, life insurance isn’t top of mind — especially when times are tight, or when retirement feels far away. But at certain points in our lives we are all faced with the decision to get life insurance or not.
Usually that question arises when we buy our first house or have dependant children or a partner who relies on your income. For some it might be a way to leave a financial legacy.
So when that need to get cover arises then make sure you investigate your options through our partner Monument.
They have access to all the major insurers in New Zealand and will discuss your individual needs, prepare personalised plans and assist you with applying for any insurance to address those needs.
Not only will they will be your ‘go to’ person to ensure the plan remains suitable and to help with any serious claims. But if you do decide to get your cover through them you will also get a 10% discount on the cost of the premiums for the life of the policy
It doesn't sound like a great deal but when you factor in the savings you can make over the lifetime of the policy then it begins to look a good deal after all.
But let’s be honest — on the surface, 10% may not sound like much.
So let’s see how that discount turns into real savings over the lifetime of that policy .
The Impact of 10% over a lifetime
Life insurance premiums increase as you age. It’s not linear — they often rise significantly in your 50s and early 60s. That’s when many of us start thinking seriously about retirement, and when every dollar counts.
But if you're paying 10% less every single year, those savings compound.
We ran the numbers using the Chatswood Life Insurance Benchmarking Report (April 2025) to see just how much HealthCarePlus members could save over the full life of their policy, assuming they hold cover until age 65.
Here’s what we found:
| Start Age (Gender) | Sum Insured | Non-Smoker | Smoker |
|---|---|---|---|
| 30 (F) | $500,000 | $5,227 | $9,777 |
| 30 (M) | $500,000 | $6,951 | $14,831 |
| 40 (F) | $500,000 | $4,870 | $9,174 |
| 40 (M) | $500,000 | $6,502 | $13,931 |
| 50 (F) | $500,000 | $4,211 | $7,858 |
| 50 (M) | $500,000 | $5,726 | $12,116 |
Our offer isn’t a 10% discount for one year. It’s a 10% discount every year, for the life of your policy. So as you get older and your premiums rise — the more you are saving over time.
That’s potentially thousands of dollars in savings simply by being a HealthCarePlus member and choosing to use Monument as your adviser.
And that's money that could be better redirected into other ways to help you improve your financial wellbeing
Ready to Review or Start Your Life Cover?
Start by getting a quick estimate, using our quick estimate tool and then book an appointment with one of our Monument advisers who can talk you through all your options and find the right cover for you and with our Member-only offer you can put that 10% back in your pocket — year after year.
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