Mortgage Cover

This policy provides cover to pay off the mortgage in the event of your death. It keeps a roof over the heads of the people you leave behind.

If you have Mortgage Cover you will receive a tax free lump-sum to the nominated financial institution if you die, or earlier if you’re diagnosed with a terminal illness.

If you have an existing life insurance policy with another Life Insurance company you can either:

  • apply for a new or replacement policy, if you like our new policy quote, or
  • apply to save 20% on your existing life insurance premiums through a Switch process.

Here’s the basics:

  • You choose the amount that’s right for you, from $100,000 to $1.5 million
  • You have to be aged between 18 and 75 to get a policy. You can apply online if you are aged 20 to 69 and living in NZ, Australia, USA, Canada, UK, Ireland, Hong Kong or Singapore. If you are outside the online age range please talk to us.
  • If you’re accepted online (and 3 out of 4 people are) you’ll be covered by the end of the process.
  • You’ll get a 10% discount for the first year if you apply online, and might be eligible for further discounts.



NZCU Employees insurance is offered through Pinnacle Life. NZCU Employees receive a commission on all insurance sold to members.