AA Life Insurance Loan Insurance
AA Life Insurance offers Life Cover with lump sum payouts up to $1 million, helping cover mortgage repayments, living costs, and leaving a legacy for your family.
Financial Strength: A+ (Strong)
Max Benefit
Up to $1,000,000 lump sum payout
Waiting Periods
No waiting period (lump sum on event)
Benefit Periods
One-off lump sum payment
Best For
Those wanting a simple lump sum to clear their mortgage on death or terminal illness
Cover Types
Key Features
- Tax-free lump sum up to $1 million
- Up to $15,000 early funeral costs advance
- AA Connected Care virtual health service included
- Easy online application (ages 16-59)
- Trusted AA brand
Is AA Life Insurance Right For You?
Best suited for:
Those wanting a simple lump sum to clear their mortgage on death or terminal illness
Ready to explore AA Life Insurance's options? Visit their website to see current products, get a quote, or speak with one of their advisers. We recommend comparing at least two or three providers before making a decision.
Also Worth Comparing
AIA New Zealand
AIA has been providing insurance to New Zealanders since 1981. Their Mortgage, Income or Rent Cover pays a monthly benefit if you cannot work due to illness or injury.
View review →
Partners Life
Partners Life offers Mortgage Repayment Cover providing a financial safety net if you are disabled due to sickness or injury and unable to meet your mortgage repayments.
View review →
Fidelity Life
Fidelity Life is NZ's largest locally owned and operated life insurer, established in 1973. They offer Monthly Mortgage Repayment Cover with comprehensive rehabilitation benefits.
View review →
Not Sure AA Life Insurance Is Right for You?
Compare all 8 NZ loan insurance providers side-by-side and find the right fit for your loan, budget, and circumstances.
Compare All Providers