Momentum Quick Life Review NZ
Momentum Quick Life is a guaranteed-acceptance life policy for New Zealand residents aged 18 to 65, with no health questions, no medical exam and no GP report. Cover runs from $50,000 to $300,000 per life insured, and the trade for guaranteed acceptance is a two-year stand-down: pre-existing conditions are excluded for the first two years, though accidental death and any new condition are covered from day one. Momentum Life Limited holds a B (Fair) financial strength rating from AM Best.
Key facts
- Acceptance
- Guaranteed for New Zealand residents aged 18 to 65, no health questions, no medical exam (source, retrieved 8 September 2026)
- Not available to
- People diagnosed with a terminal illness, or receiving palliative or hospice care, when they apply (source, retrieved 15 October 2026)
- Cover amount
- $50,000 to $300,000 per life insured to start; automatic 3% yearly increases, which you can opt out of, can lift one person's cover to $500,000 at most (source, retrieved 8 September 2026)
- What it pays for
- Death from any cause, accidental death, terminal illness (source, retrieved 8 September 2026)
- Premium structure
- Increases each year with age until 75, then fixed for life (source, retrieved 8 September 2026)
- At age 75
- $20,000 of the benefit becomes free of further premium (source, retrieved 8 September 2026)
- Cooling-off period
- 30 days, full refund of premiums if no claim has been made (source, retrieved 8 September 2026)
- Automatic inflation increase
- Cover and premium increase automatically each year until age 75, unless you opt out (source, retrieved 8 September 2026)
- Partner discount
- $50 a year off when a partner is added to the same policy (source, retrieved 8 September 2026)
- Stage 1 stand-down, first 2 years
- Accidental death and new medical conditions arising after the start date are covered; pre-existing conditions and suicide are not covered (source, retrieved 8 September 2026)
- Stage 2, after 2 years
- Cover includes both new and pre-existing conditions (source, retrieved 8 September 2026)
- Financial strength rating
- B (Fair), AM Best, affirmed with a stable outlook 11 February 2026, after a downgrade from B++ (Good) on 13 February 2025 (source, retrieved 8 September 2026)
- Adjusted solvency ratio
- 107% at 30 June 2026, a margin of $0.6 million over the capital required (source, retrieved 15 October 2026)
- Ownership
- Acquired by DCG Invest in July 2025 (source, retrieved 8 September 2026)
Cover online with Momentum Life
Momentum Life's own online application opens in a new tab. You choose the cover yourself.
Momentum Life Quick Life
Accepted, guaranteed. See your price in about a minute.
- Guaranteed acceptance for NZ residents aged 18–65. No health questions, no medical exams.
- $50k–$300k of cover, priced on age, gender, smoking and cover amount, not your health history.
- See your price without giving contact details, then apply and pay online in one visit.
- Covers accidental death (with no other contributing cause) and conditions that first start after cover begins, from day one.
- Cover for life. From 75 your premiums stop rising and $20k of cover becomes free.
- Terminal illness paid early. Claims usually paid within 48 hours of approval. 30 days to change your mind.
Conditions you already have aren't covered for the first 2 years; if one causes death in that time, your premiums are refunded instead. That includes symptoms not yet diagnosed, a BMI over 40, very high blood pressure or cholesterol, and diabetes complications.
Suicide isn't covered for the first 2 years. A few specific conditions can be excluded permanently (any that apply are listed in your policy), and some exclusions always apply, including dangerous jobs and pastimes.
Not available if you've been diagnosed with a terminal illness or are receiving palliative or hospice care.
Premiums rise each year until 75, then stay level, and can be changed for everyone on the same plan. Depending on your age and how long you keep it, total premiums can add up to more than the cover.
If you'd be accepted on standard terms, cover with health questions usually costs less.
A 1.95% surcharge applies to card payments; direct debit is available.
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.
In good health? If insurers accept you on standard terms, cover with health questions usually costs less. Compare insurers free
Already have cover? Keep it. New cover won't pay for a condition you already have in its first 2 years.
Quick Life pays out differently in the first two years than afterward, and the table below sets out the two stages as Momentum's own policy wording describes them (Quick Life Insurance Policy Wording, November 2025 edition, retrieved 8 September 2026).
| Stage | Accidental death | New medical conditions | Pre-existing conditions | Suicide |
|---|---|---|---|---|
| Stage 1, first 2 years | Covered (source, retrieved 8 September 2026) | Covered (source, retrieved 8 September 2026) | Not covered (source, retrieved 8 September 2026) | Not covered (source, retrieved 8 September 2026) |
| Stage 2, after 2 years | Covered (source, retrieved 8 September 2026) | Covered (source, retrieved 8 September 2026) | Covered (source, retrieved 8 September 2026) | Covered, subject to the policy's general terms (source, retrieved 8 September 2026) |
Cover runs from $50,000 to $300,000 per life insured, and the table below sets out Quick Life's core published features (Quick Life Insurance Policy Wording, retrieved 8 September 2026).
| Feature | Detail |
|---|---|
| Cover amount | $50,000 to $300,000 per life insured; automatic yearly increases can lift one person's cover to $500,000 at most (source, retrieved 8 September 2026) |
| Payment frequency | Fortnightly, monthly or annually (source, retrieved 8 September 2026) |
| Cover duration | For life, or until cancelled (source, retrieved 8 September 2026) |
| At age 75 | $20,000 of the benefit becomes free (source, retrieved 8 September 2026) |
| Cooling-off | 30 days, full refund if no claim made (source, retrieved 8 September 2026) |
Entry ages
| Cover | Entry ages |
|---|---|
| Quick Life | 18 to 65 (source, retrieved 8 September 2026) |
Waiting periods
| Cover | Waiting period |
|---|---|
| Pre-existing conditions | 2 years from the policy start date (source, retrieved 8 September 2026) |
Exclusions
- Pre-existing conditions are not covered in the first two years of the policy. (source, retrieved 8 September 2026)
- Suicide is not covered in the first two years of the policy. (source, retrieved 8 September 2026)
- A small number of specific conditions can still be permanently excluded on an individual policy; these are listed in the policyholder's own policy document rather than in the general wording. (source, retrieved 8 September 2026)
- Quick Life is not available to anyone diagnosed with a terminal illness, or receiving palliative or hospice care, at the time of application. (source, retrieved 15 October 2026)
Does Momentum Life sell funeral cover as well as life insurance?
Yes. Momentum Funeral Insurance is a separate product for ages 40 to 75, with a fixed benefit of $3,000 to $30,000. Quick Life is life cover of $50,000 to $300,000 for ages 18 to 65. They are different policies with different rules: Funeral Insurance pays only for accidental death in its first 24 months, while Quick Life excludes pre-existing conditions for its first 2 years. See also: Momentum Funeral Cover, Funeral insurance in NZ. Source: Momentum Life: Funeral Insurance Policy Wording (17 Aug 2023), Momentum Life: Quick Life Insurance Policy Wording (November 2025).
Is Momentum Quick Life guaranteed acceptance?
Yes, in the policy's own terms: ages 18 to 65 are accepted automatically, with no health questions or medical exams. The trade is the 2-year stand-down on pre-existing conditions. Momentum's Quick Life page also says the cover is not available to applicants diagnosed with a terminal illness. QuoteHub is a Momentum Life partner. Smiths Insurance & KiwiSaver may receive a commission if you buy through our link. General information, not advice. See also: Guaranteed acceptance life insurance. Source: Momentum Life: Quick Life Insurance Policy Wording (November 2025), Momentum Life: Quick Life.
How old do you have to be to get Momentum life insurance?
Quick Life is for ages 18 to 65, and a true age over 65 at the start voids the policy, with all premiums refunded. Momentum Funeral Insurance takes ages 40 to 75. Beyond those ages a licensed adviser can talk through what is available. See also: Momentum Life age limits, Funeral insurance in NZ. Source: Momentum Life: Quick Life Insurance Policy Wording (November 2025), Momentum Life: Funeral Insurance Policy Wording (17 Aug 2023).
Questions about Momentum Quick Life
How good is Momentum life insurance?
It depends what you need it for. Momentum Life Limited holds a B (Fair) financial strength rating from AM Best, below the A-band insurers, and B ratings sit in AM Best's 'vulnerable' range. Quick Life is built for someone who cannot get cover through underwriting: it accepts New Zealand residents aged 18 to 65 without health questions, in exchange for a two-year limit on pre-existing conditions (AM Best rating action, retrieved 8 September 2026).
Is Momentum a funeral cover?
Momentum Life sells both. Quick Life is a guaranteed-acceptance life policy paying $50,000 to $300,000, while Momentum Life Funeral Cover is a separate, smaller product paying $3,000 to $30,000. See Momentum Life Funeral Cover on this site for that product specifically.
Who owns Momentum Life insurance?
Momentum Life Limited was acquired by DCG Invest in July 2025. It is a licensed New Zealand insurer and Financial Service Provider, FSP472286 (Momentum Quick Life policy wording, retrieved 8 September 2026).
What are the top 5 life insurance companies in New Zealand?
New Zealand's larger life insurers by distribution include AIA, Fidelity Life, Partners Life, Chubb Life and Asteron Life. Momentum Life is a smaller, guaranteed-acceptance specialist rather than a top-5 underwritten insurer by scale (QuoteHub life insurance companies overview, retrieved 8 September 2026).
Does Momentum Quick Life require a medical exam?
No. Acceptance is guaranteed for New Zealand residents aged 18 to 65 with no health questions, no medical exam and no GP report required (Momentum Quick Life policy wording, retrieved 8 September 2026).
What is the maximum cover under Momentum Quick Life?
$300,000 per life insured when you apply. Automatic 3% yearly increases, which you can opt out of, can lift one person's cover to $500,000 at most by age 75, and a combined limit applies across all of that person's Momentum Life policies (Momentum Quick Life policy wording, retrieved 8 September 2026).
What happens to Quick Life pre-existing conditions in the first two years?
They are not covered. Momentum's Stage 1 excludes pre-existing conditions and suicide for the first two years, while covering accidental death and any new condition from day one (Momentum Quick Life policy wording, retrieved 8 September 2026).
Does Quick Life cover cost less over time?
No, the opposite. Premiums increase each year with age until 75, after which they are fixed for life. Cover also increases automatically with inflation each year until 75 unless you opt out, which raises the premium too (Momentum Quick Life 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, after AM Best downgraded it from B++ (Good) on 13 February 2025 (AM Best rating action, retrieved 8 September 2026).
Can I cancel Momentum Quick Life for a refund?
Yes, within 30 days of the start date, for a full refund of premiums, provided you have not made a claim (Momentum Quick Life policy wording, retrieved 8 September 2026).
Adviser's view
QuoteHub's read is that Quick Life's guaranteed acceptance and two-year stand-down make it a genuine option for someone who cannot pass underwriting elsewhere, but Momentum Life's B (Fair) AM Best rating and the low $300,000 cover ceiling are both worth weighing against a fully underwritten policy from a more highly rated insurer if you can qualify for one.
Documents
- AM Best rating action, Momentum Life Limited, retrieved 8 September 2026
- Momentum Life financial strength page, 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 Quick Life Review NZ: Cover, Limits and Cost. www.quotehub.co.nz/life-insurance/momentum-life/quick-life. Updated 2026-10-15.
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