Pinnacle Life Income Protection

Pinnacle Life Limited was established in 1998 when the process of purchasing life insurance was cumbersome.

It involved appointments with brokers, intrusive personal inquiries, and copious amounts of paperwork, all just to get a quote. The company immediately got to work to change this by putting processes in place to make acquiring the right insurance a seamless experience.

To achieve this, they pioneered a direct-to-customer model, eliminating the need for brokers and banks and significantly reducing costs in the process.

Going online

In 2007, Pinnacle Life achieved another milestone by becoming the world's first company to allow you to apply for - and receive - a life insurance policy online. Most people could complete the process within 10 minutes, revolutionising the ease of obtaining life insurance.

Continuing its commitment to customer convenience, Pinnacle Life Limited has consistently strived to make the insurance process even more straightforward. It’s important to note that Pinnacle Life is a licensed life insurance company regulated by the Reserve Bank of New Zealand.

Pinnacle Life aims to emerge as the preeminent online life insurer in Aotearoa (New Zealand). With an unwavering commitment to its values, every action undertaken by it is guided by its core principles.

Challenging the status quo

Their passionate resolve to support you in the most effective manner possible underscores their commitment.

The company operates as a people-centric enterprise, where both staff and customers occupy central positions within the organisation. Their quest for a better way drives them to be audacious, take calculated risks, and venture beyond conventional boundaries.

Income protection insurance offers a lifeline by providing a monthly payout if you’re unable to work due to illness or injury.

With this coverage, you can maintain a steady stream of income, ensuring that you can continue with your life, even during times when you're unable to earn.

Meeting financial obligations is crucial

Income protection insurance provides a monthly payout if you’re unable to work. During those times when you cannot generate an income, you’ll still receive crucial financial support to maintain your lifestyle. The policy enables your family to still meet financial obligations such as rent, mortgage payments, and putting food on the table.

Instead of getting a lump sum, you receive monthly payments after a specified waiting period. You have the flexibility to choose the duration of the cover, ranging from as little as six months to as long as three years.

It's important to note that if you already receive sick leave from your employer, payments from ACC, other insurance policies, or any government agency, those amounts will be deducted from your claim payments.

Key features include:

• You receive a monthly payment if you're unable to work due to a health issue or injury.
• You have the freedom to determine how long you want to wait for payments to commence and how long you'll receive payments when you purchase the policy.
• You can increase your coverage as your salary increases.
• You can focus on your recovery with less stress, knowing that your financial responsibilities are being taken care of.
• You can choose from 60- to 75% coverage on your monthly income before tax up to      $ 12,000 per month.
• You have the choice of waiting 30-, 60- or 90 days for your first payment from when you’re unable to earn an income.
• You can also choose to receive payments for a period of 6-, 12-, 24- or 36 months after you had to stop working.
• Any income received from other insurance policies, ACC, or government agencies will be subtracted from the claim payments.