Does AMI offer funeral insurance in NZ?

Written by Henry Smith · Reviewed by Smiths Insurance & KiwiSaver, licensed Financial Advice Provider (FSP712931) · Updated 2026-10-20 · Reviewed quarterly, when the underlying data is restated.

Financial advice is provided by Craig Smith Business Services Limited, trading as Smiths Insurance & KiwiSaver, a licensed Financial Advice Provider (FSP712931). QuoteHub is a trading name.

AMI does not list funeral insurance among its insurance options. On 20 October 2026, AMI's website showed car, home and contents, landlord, travel, business and other vehicle cover, and no life or funeral product. AMI describes itself as a business division of IAG New Zealand Limited. If you want funeral cover, you need a provider that sells it.

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Funeral cover: Only accidental death is covered for the first 2 years. Total premiums can add up to more than the cover, and it may not meet the whole cost of a funeral.

Life cover: Conditions you already have aren't covered for the first 2 years (premiums refunded instead). Suicide isn't covered for the first 2 years, and a few conditions can be excluded permanently.

Insurer: Momentum Life Limited. Financial strength rating B (Fair) from AM Best, affirmed 11 February 2026; B ratings sit in AM Best's 'vulnerable' range. The rating scale is available for inspection at every Momentum Life office in New Zealand. What this means

Already have cover? Keep it. New cover won't pay for a condition you already have in its first 2 years.

Opens Momentum Life's online application; its guidance only covers eligibility. QuoteHub is a Momentum Life partner. Smiths Insurance & KiwiSaver may receive a commission if you buy. General information, not advice.

What our check found

We read AMI's "Our insurance options" page on 20 October 2026 (AMI: All insurance). That page lists these groups:

Car: comprehensive, third party fire and theft, third party only, young driver, and electric vehicle cover.
Home and contents: home, contents, lifestyle block, and landlord cover.
Business: vehicles, liability, assets, business interruption and farm insurance.
Other: travel, caravan, trailer, motorhome, classic vehicle, motorcycle and boat.
Services: AMI Roadside Rescue, AMI HomeHub and AMI MotorHub.

Nothing on the list is life insurance, funeral insurance or any other cover that pays a sum on death. The footer of the site says "AMI Insurance (AMI) is a business division of IAG New Zealand Limited."

This is a dated check, not a statement about what AMI will do next. We have not seen any announcement either way, and we say nothing about future plans. If AMI adds a product, its own site will show it first.

Why the search turns up AMI

AMI is a well-known name in New Zealand car and home insurance, and a familiar brand is a natural place to look first. General insurers and life insurers can also be easy to mix up. General insurance covers loss or damage to things, such as a car, a house or a trip. Funeral insurance is a type of life insurance: it pays a set sum when the insured person dies.

AMI's insurance does not substitute for funeral cover. A car, home or contents policy does not pay towards a funeral. If you hold an AMI policy and want funeral cover as well, you would buy it separately from a different provider.

We found no mention on that page of a life insurance partner that sells funeral cover under the AMI name. If someone contacts you offering "AMI funeral cover", ask which company issues the policy and check it against AMI's own site. AMI also publishes a "Staying alert to scams" page in its footer.

Who does sell funeral insurance in New Zealand

These providers sell a funeral product on their own pages as at 20 October 2026. Details are from the insurers' own documents.

Provider	Insurer behind it	Entry age	Benefit
Momentum Life Funeral Insurance	Momentum Life Limited	40 to 75	$3,000 to $30,000
NZ Seniors	Pinnacle Life Limited	18 to 79	$3,000 to $30,000
OneChoice	Pinnacle Life Limited	18 to 79	$3,000 to $30,000
AA Life Funeral Cover	Asteron Life Limited	50 to 79	$5,000 to $30,000
Chubb Life Funeral Cover	Chubb Life Insurance New Zealand Limited	50 to 80	Up to $30,000
Greenwich Life, The Funeral Plan	Autosure Insurance Limited	30 to 70	$5,000 to $20,000
Unity	Underwritten by Pinnacle Life, issued by Unity Credit Union	18 to 75	$5,000 to $15,000 depending on cover type

Two names that still appear in some comparison lists no longer sell one. Partners Life stopped selling funeral cover on 15 June 2020, and Pinnacle Life withdrew its own-brand funeral insurance in May 2021, pointing buyers to NZ Seniors and OneChoice. None of the main banks sells a guaranteed-acceptance funeral product either. See the list of funeral insurance companies and our page on State funeral insurance if State is the name you have in mind.

What these policies have in common

Most funeral policies of this kind accept you without health questions. In return they restrict the first one to two years: only accidental death pays, and the insurer refunds premiums on another cause of death (NZ Seniors and OneChoice do not refund them). With Momentum Life the window is 24 months, and the benefit is paid for death from any cause after that. Our guide to what funeral insurance is sets out the basics.

What to check before you buy

Entry age. The bands above differ by years, so the right provider can change with your birthday.
The early-death window. Check how long it is and whether premiums are returned.
Total premiums against the benefit. Total premiums can add up to more than the benefit, and the benefit may not cover the whole funeral. Work out the total to the age you might reach.
Who the insurer is and how it is rated. Names on a brand do not always match the company that pays the claim. Momentum Life's A.M. Best rating is B (Fair), which Momentum's own table places in its "Vulnerable" range; see its financial strength page. Other insurers are rated by different agencies on different scales, so compare within one agency's scale.
Existing cover. Life insurance you already have may include an early funeral payment. Check before you add a second policy.

Other ways to pay for a funeral

Funeral insurance is one option among several. Savings, a prepaid funeral plan and the Work and Income Funeral Grant (up to $2,697.43, with an asset test and, for a partner or child who died, an income test) are the main others (Work and Income: Funeral Grant). Costs vary widely, but FDANZ's 2026 report gives averages of $11,700 for a cremation funeral and $14,300 for a burial funeral in its 50-guest scenario (FDANZ, 2026 New Zealand Funeral Industry Trends Report).

Where to get advice

The buttons on this page open Momentum Life's online application, one option among those above. If you want to compare providers on your own age and budget, a licensed adviser can do that. QuoteHub is a Momentum Life partner and Smiths Insurance & KiwiSaver may receive a commission if you buy; how we are paid explains it. Advice is provided by Craig Smith Business Services Limited, trading as Smiths Insurance & KiwiSaver, a licensed Financial Advice Provider (FSP712931). Read more on Momentum Life Funeral Cover, AA funeral insurance or the funeral insurance hub.