Momentum Life Funeral Cover NZ
Momentum Life Funeral Cover is a guaranteed-acceptance policy for New Zealanders aged 40 to 75, with no medicals, health questions or paperwork required to apply. It pays $3,000 to $30,000 on non-accidental death after a 24-month stand-down, and triples to $9,000 to $90,000 for accidental death from day one. Premiums are fixed for life once accepted and stop entirely from age 89, while cover itself continues for life.
Key facts
- Acceptance
- Guaranteed for New Zealanders aged 40 to 75, no medicals, health questions or paperwork (source, retrieved 8 September 2026)
- Cover level, non-accidental death
- $3,000 to $30,000, payable after 24 months of cover (source, retrieved 8 September 2026)
- Cover level, accidental death
- Triple payout, $9,000 to $90,000, from day one of the policy (source, retrieved 8 September 2026)
- Premiums
- Fixed and do not increase with age; no further premiums payable from age 89, with cover continuing for life (source, retrieved 8 September 2026)
- Family discount
- $150 a year off each additional Life Insured added to the same policy (source, retrieved 8 September 2026)
- Cooling-off period
- 30 days from the first premium payment date, full refund if no claim is made; no refund if cancelled after 30 days (source, retrieved 8 September 2026)
- Claim payment speed
- Cash payment usually within 24 to 48 hours of claim approval (source, retrieved 8 September 2026)
- Statutory Fund
- Momentum Life Statutory Fund Number 1 (source, retrieved 8 September 2026)
- Financial strength rating
- B (Fair), AM Best, affirmed with a stable outlook 11 February 2026 (source, retrieved 8 September 2026)
Accidental death pays triple the non-accidental benefit from day one, and the table below sets out the published cover levels (Momentum Life Funeral Insurance Policy Wording, issue date 17 August 2023, retrieved 8 September 2026).
| Event covered | Minimum cover | Maximum cover | When it starts |
|---|---|---|---|
| Non-accidental death | $3,000 (source, retrieved 8 September 2026) | $30,000 (source, retrieved 8 September 2026) | After 24 months of cover (source, retrieved 8 September 2026) |
| Accidental death | $9,000 (source, retrieved 8 September 2026) | $90,000 (source, retrieved 8 September 2026) | From day one (source, retrieved 8 September 2026) |
Cover runs for life once accepted, and premiums stop entirely at 89, as the table below sets out (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
| Feature | Detail |
|---|---|
| Entry ages | 40 to 75 (source, retrieved 8 September 2026) |
| Benefit expiry age | Cover continues for life; no more premiums to pay from age 89 (source, retrieved 8 September 2026) |
| Health questions or medical exam | None required (source, retrieved 8 September 2026) |
| Family discount | $150 a year off each additional Life Insured (source, retrieved 8 September 2026) |
Entry ages
| Cover | Entry ages |
|---|---|
| Funeral Cover | 40 to 75 (source, retrieved 8 September 2026) |
Waiting periods
| Cover | Waiting period |
|---|---|
| Non-accidental death | 24 months (source, retrieved 8 September 2026) |
Exclusions
- Non-accidental death is not covered in the first 24 months of the policy; only accidental death is covered during that period. (source, retrieved 8 September 2026)
- Cancelling more than 30 days after the first premium payment date means no refund of premiums already paid. (source, retrieved 8 September 2026)
Questions about Momentum Life Funeral Cover
How much does Momentum Life Funeral Cover pay?
$3,000 to $30,000 for non-accidental death after a 24-month stand-down, or $9,000 to $90,000, triple the base amount, for accidental death from day one (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
Do I need a medical exam for Momentum Life Funeral Cover?
No. Acceptance is guaranteed for New Zealanders aged 40 to 75 with no medicals, health questions or paperwork required (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
Is there a waiting period on Momentum Life Funeral Cover?
Yes, for non-accidental death: 24 months from the start of the policy. Accidental death is covered from day one at triple the sum insured (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
Do Momentum Life Funeral Cover premiums increase with age?
No. Premiums are fixed and do not increase each year, and no further premiums are payable from age 89, though cover continues for life (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
What is the maximum age to apply for Momentum Life Funeral Cover?
75. Entry runs from age 40 to 75, and once accepted, cover continues for life (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
How fast does Momentum Life Funeral Cover pay a claim?
Usually within 24 to 48 hours of claim approval, paid in cash (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
Is there a discount for insuring a partner under Momentum Life Funeral Cover?
Yes, $150 a year off for each additional Life Insured added to the same policy (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
What is the difference between Momentum Life Funeral Cover and Momentum Quick Life?
Funeral Cover is smaller and slower-vesting: $3,000 to $30,000 for ages 40 to 75, with a 24-month stand-down on non-accidental death. Quick Life is larger and faster: $50,000 to $300,000 for ages 18 to 65, with a shorter two-year stand-down that applies only to pre-existing conditions, not all non-accidental death. See Momentum Quick Life on this site for that product.
Can I get a refund if I cancel Momentum Life Funeral Cover?
Yes, in full, if you cancel within 30 days of the first premium payment date and have not made a claim. After 30 days, premiums already paid are not refunded (Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026).
What is Momentum Life's financial strength rating?
B (Fair) from AM Best, affirmed with a stable outlook on 11 February 2026 (AM Best rating action, retrieved 8 September 2026).
Adviser's view
QuoteHub's view is that guaranteed acceptance is the whole point of this product and also its limit: the $30,000 non-accidental cap is meant for funeral and immediate costs, not as a substitute for underwritten life cover, so a buyer who can pass medical questions elsewhere will usually get more cover for the same money.
Documents
- Momentum Life Funeral Insurance Policy Wording, retrieved 8 September 2026
- AM Best rating action, Momentum Life Limited, retrieved 8 September 2026
- Momentum Life website, retrieved 8 September 2026
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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.
Cite this page QuoteHub NZ (2026). Momentum Life Funeral Cover NZ: Review 2026. www.quotehub.co.nz/life-insurance/momentum-life/funeral-cover. Updated 2026-09-08.
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