Fixed price life insurance premiums (level life insurance)

Fixed price life insurance
Fixed price Life Insurance means your Life Insurance premiums do not go up every year. This means you can afford to keep your life insurance for decades and into your old age.
Companies will quote Life Insurance premiums as ‘Rate for Age’. This means the price increases every year as you get older. Eventually your monthly payment gets very high and becomes unaffordable. So you would cancel your policy and there is no chance of the policy ever paying out.
Fixed Price Life Insurance locks in the price you pay for your life insurance. This means your life insurance stays within your budget.
Ease Insurance Brokers specialise in Fixed Price Life Insurance policies. We will explain exactly how level life insurance works and which is the most appropriate insurance company for you.
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We quote and organise your Fixed Price Life Insurance with these insurers

Fixed price life insurance
Not sure how much life insurance you want ? Don’t know which insurance company to take ? We are here to help
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Fixed price Life Insurance premiums do not go up each year

There are 2 types of premiums in Life Insurance
1. Stepped or Rate for Age – This premium starts lower but will increase every year eventually becoming unsustainable.
2. Level Premium (Fixed Price Premium)
Level premiums start off higher than annually increasing, but the price will not be increased each year. The premium is fixed for an agreed period of time, even if your health deteriorates. We can give you a quote for Level Life Insurance, just click on request a quote and we will email you quotes for all companies that offer Level Life Premiums.

Level premiums offer the best life insurance rates for those who take a long-term approach to risk.

Level premiums are a great option if you are looking to keep your life insurance policy long term. The affordability of fixed price life insurance rates becomes significantly more so year after year. It’s a considerable advantage, especially if you have the cash flow to handle it now and don’t wish to struggle later on with exponential premiums.
We work with some of New Zealand’s leading life insurance policy providers so that we can find you competitive prices on a wide range of life insurance policies. We’ll even help with the paperwork to ensure the process is as straightforward and efficient as possible.

Level Premium Life Cover Quotes – Life Insurance NZ

Level life insurance rates are offered by all major insurance companies and the premium, coverage, and eligibility will vary amongst them. It’s important that you select fixed-price life insurance quotes with due diligence. Ease Insurance Brokers are equipped to perform analysis on your situation, obtaining instant life insurance quotes from eight major NZ insurance providers, delivering a satisfying result that caters to the needs of you and your family.
Level premiums are a great option if you are looking to keep your life insurance policy long term.
The price is locked in at the beginning. Be prepared to pay a higher monthly amount from the beginning, but in most cases this will be worthwhile in the long term as the stepped premium that increases every year will become higher than the Level premium.
The younger you are the more you will save as the level premium is locked in at a lower price so don’t wait contact us and we will get you a great policy and a great price.
We can also convert your existing Life Insurance Policy to a Level premium for you.

Let’s compare the two policies.

Life Insurance of $400,000 on a 30 year female non-smoker.

Rate for age:                 Level to age 80

Monthly Premium:  $25 per month                     $60 per month

What will my premium be

At age 49                   $ 65 per month                   $60 per month

At age 54                   $ 107 per month                 $60 per month

At age 59                   $ 183 per month                 $60 per month

At age 64                   $ 373 per month                 $60 per month

At age 69                   $ 747 per month                 $60 per month

At age 79                   $2,332 per month              $60 per month

Rates taken from AMP as of 8 Aug 2013

If you want to get a quote for a fixed price Life Insurance, click here to request a quote.

Your life insurance premiums will vary depending on four different factors.

The insurance company will consider your medical history, in some cases they may request that you have a blood test done, and for larger sums insured they may require a medical examination, this is free to you, and is a good thing because it means the insurance company has more information about your health, this makes your policy very robust.

Why have Life Insurance

Life Insurance will pay when…

Its smart thinking to have Life Insurance.

Life Insurance can help ensure big debts are paid and immediate costs such as funeral expenses are covered. It can also provide an on-going income for your loved ones when you are gone. We all try to live a long healthy life, but no matter how careful we might be, we have to be realistic that things might not turn out how we planned. Life Insurance is an easy and cost-effective way to provide for your partner or family. Once it’s in place you can rest assured that you have done the right thing for your family, and you only need to revisit it if your circumstances change.
When deciding on the amount of Life Insurance, consider that it will

Policy Ownership

If you own your own policy, the proceeds will be paid to your estate. This can cause undue delay for your loved ones getting the money as your lawyer will need to clear probate before the funds can be released. You can have your policy owned by another person or persons, (usually your wife or partner, or your adult children), this way means the insurance company can pay the money directly to the policy owner(s) and it will bypass your estate and lawyers. So the money can be used for the purpose you intended in a timely manner.
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Get quotes for fixed price level premium life insurance