Partners Life Journey Plan Review
Partners Life Journey Plan is the packaged version of Partners Life's cover, sold alongside the full adviser-built product that has no maximum sum insured. Journey Plan fixes Life Cover, Trauma Cover, TPD and Life Income Cover at $500,000 each and caps combined monthly disability cover at $2,500, which suits lower income and lower debt buyers and stops suiting them as either rises.
Key facts
- Life Cover maximum under Journey Plan
- $500,000 per life (source, retrieved 8 September 2026)
- Trauma Cover maximum under Journey Plan
- $500,000 per life (source, retrieved 8 September 2026)
- TPD Cover maximum under Journey Plan
- $500,000 per life (source, retrieved 8 September 2026)
- Combined monthly disability benefit maximum
- $2,500 a month (Income Cover, Mortgage Repayment Cover and Household Expenses Cover combined) (source, retrieved 8 September 2026)
- Life Cover entry ages, full (non-Journey Plan) product
- 10 to 70, minimum sum insured $1,000, maximum unlimited subject to financial justification (source, retrieved 8 September 2026)
- TPD Benefit status
- Optional, not automatic, on policies written from 15 March 2025 (source, retrieved 8 September 2026)
- Multi-cover discount
- Up to 15% off eligible premiums when multiple covers are taken on one policy (source, retrieved 8 September 2026)
- Financial strength rating
- A (Excellent), A.M. Best, effective 5 February 2026 (source, retrieved 8 September 2026)
- Distribution
- Adviser-only, not sold direct (source, retrieved 8 September 2026)
What it costs
| Age | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| 25 | $28.97 | $44.18 | $71.34 |
| 30 | $25.99 | $39.00 | $62.23 |
| 35 | $24.93 | $37.17 | $59.01 |
| 40 | $29.49 | $45.08 | $72.93 |
| 45 | $41.54 | $66.00 | $109.70 |
| 50 | $66.58 | $109.51 | $186.15 |
| 55 | $114.41 | $192.58 | $332.16 |
| 60 | $209.18 | $357.17 | $621.44 |
| 65 | $415.37 | $715.30 | $1,250.88 |
Journey Plan caps every cover at a fixed number, and $500,000 of Life, Trauma or TPD Cover with $2,500 a month of combined disability cover is the ceiling the packaged product will not go past (Partners Life Journey Plan factsheet, retrieved 8 September 2026).
| Cover | Journey Plan maximum | Full Partners Life product maximum |
|---|---|---|
| Life Cover | $500,000 per life (source, retrieved 8 September 2026) | Unlimited, subject to financial justification (source, retrieved 8 September 2026) |
| Trauma Cover | $500,000 per life (source, retrieved 8 September 2026) | Not published in one consolidated document (source, retrieved 8 September 2026) |
| Total and Permanent Disability (TPD) | $500,000 per life (source, retrieved 8 September 2026) | Not published in one consolidated document (source, retrieved 8 September 2026) |
| Life Income Cover | $500,000 per life (lump sum equivalent) (source, retrieved 8 September 2026) | Not published in one consolidated document (source, retrieved 8 September 2026) |
| Income Cover, Mortgage Repayment Cover and Household Expenses Cover, combined | $2,500 a month benefit maximum (source, retrieved 8 September 2026) | Not published; assessed on income and mortgage evidence individually (source, retrieved 8 September 2026) |
The Total and Permanent Disability Option on Journey Plan's monthly disability cover pays a lump sum of up to 24 months of cover after 12 continuous months of total disability, and the table below sets out the built-in and optional benefits (Monthly Disability Cover overview, Partners Life Journey Plan, retrieved 8 September 2026).
| Benefit | What it pays |
|---|---|
| Total Disability Benefit | A monthly amount once the waiting period ends, while totally disabled (source, retrieved 8 September 2026) |
| Vocational Retraining and Rehabilitation Benefit | Up to 24 times the monthly sum insured for retraining or rehabilitation costs, subject to pre-approval (source, retrieved 8 September 2026) |
| Total and Permanent Disability Option | A lump sum of up to 24 months of the monthly disability cover sum insured after 12 continuous months of total disability, plus the monthly benefit continues (source, retrieved 8 September 2026) |
| Dependent Caregiver Option | Up to $3,500 a month for up to 6 months if you give up work to care for a dependent relative (source, retrieved 8 September 2026) |
| KiwiSaver Option | A 2%, 4% or 6% contribution of the monthly sum insured paid to your KiwiSaver provider during a claim, on top of your benefit (source, retrieved 8 September 2026) |
Entry ages
| Cover | Entry ages |
|---|---|
| Life Cover (full Partners Life product, not Journey Plan specifically) | 10 to 70 (source, retrieved 8 September 2026) |
| Trauma Cover, TPD, Income Cover | Standalone entry ages are not published in one public document. Confirm the specific figure with an adviser before relying on it. (source, retrieved 8 September 2026) |
Waiting periods
| Cover | Waiting period |
|---|---|
| Monthly Disability Cover (Income Cover, Mortgage Repayment Cover, Household Expenses Cover) | Set out in the individual policy schedule; the Total Disability Benefit is paid once the selected waiting period ends (source, retrieved 8 September 2026) |
| Life Cover, Trauma Cover, TPD | Not applicable (source, retrieved 8 September 2026) |
Exclusions
- Partners Life has not published a consolidated exclusions list across Journey Plan's covers; exclusions are set out per cover in the Partners Life Journey Plan Policy Document, available from an adviser. (source, retrieved 8 September 2026)
- The Total and Permanent Disability Booster Option is not available where the payment term is 12 months. (source, retrieved 8 September 2026)
- The Payment Term Restriction Option limits the payment term to one year where a disability is caused by, or continues because of, an illness or injury with predominantly self-reported symptoms; choosing it discounts the premium by 10%. (source, retrieved 8 September 2026)
Questions about Partners Life Journey Plan
What is the Partners Life Journey Plan?
Journey Plan is the packaged version of Partners Life's cover, sold alongside the full adviser-built product. It caps Life Cover, Trauma Cover and TPD at $500,000 each and combined monthly disability cover at $2,500 a month, unlike the full product which has no maximum on Life Cover (Partners Life Journey Plan factsheet, retrieved 8 September 2026).
What is the maximum cover under Partners Life Journey Plan?
Life Cover, Trauma Cover and Total and Permanent Disability Cover are each capped at $500,000 per life insured under Journey Plan. Income Cover, Mortgage Repayment Cover and Household Expenses Cover are capped at $2,500 a month combined (Partners Life Journey Plan factsheet, retrieved 8 September 2026).
Is Journey Plan a good insurance company?
Journey Plan is a product, not a company; the insurer behind it, Partners Life, holds an A (Excellent) financial strength rating from A.M. Best, effective 5 February 2026, and is adviser-distributed only, meaning it is not sold direct to the public (Partners Life, retrieved 8 September 2026).
Who owns Partners Life?
Partners Life is majority owned by Dai-ichi Life, a listed Japanese life insurance group, following its 2021 acquisition of a controlling stake. Partners Life remains headquartered and licensed in New Zealand and continues to distribute exclusively through advisers (Partners Life review, QuoteHub, retrieved 8 September 2026).
What does Partners Life cover?
Partners Life writes Life Cover, Trauma Cover, Total and Permanent Disability Cover, several monthly disability (income) covers and Private Medical Cover, either on the full adviser-built product with no published Life Cover maximum, or packaged into Journey Plan with a $500,000 ceiling on each cover (Partners Life, retrieved 8 September 2026).
What does Journey Plan not cover?
Partners Life has not published a single consolidated exclusions list across Journey Plan's covers; each cover's exclusions sit in its own section of the Partners Life Journey Plan Policy Document, available from an adviser rather than as a public summary (Partners Life Journey Plan factsheet, retrieved 8 September 2026).
How much life insurance can I get with Journey Plan?
Up to $500,000 of Life Cover per life insured under Journey Plan. If you need more, for example against a large mortgage, Partners Life's full adviser-built Life Cover has no published maximum, subject to financial justification of the amount requested (Partners Life, retrieved 8 September 2026).
Is Journey Plan the same as Partners Life's full cover?
No. Journey Plan is the packaged version with fixed ceilings on every cover; the full product is built cover by cover with an adviser and, on Life Cover, has no published maximum. Which one you hold depends on how your policy was written, not on price (Partners Life Journey Plan factsheet, retrieved 8 September 2026).
Does Journey Plan include TPD automatically?
Not on policies written from 15 March 2025 onward; the TPD Benefit became optional rather than a standard inclusion from that date. A policy written before then may include it automatically, so check your schedule before replacing older cover (Partners Life Journey Plan, QuoteHub, retrieved 8 September 2026).
What is the difference between Income Cover Agreed Value and Indemnity on Journey Plan?
Agreed Value fixes the benefit at application using income evidence provided then, so nothing is re-assessed at claim time. Indemnity Loss of Earnings is tested against income you can prove you were earning just before you stopped work, and generally costs less (Monthly Disability Cover overview, Partners Life Journey Plan, retrieved 8 September 2026).
Can I combine Journey Plan covers for a discount?
Yes. Partners Life offers up to a 15% discount on eligible premiums when multiple covers are taken on one policy, subject to qualifying criteria published on partnerslife.co.nz (Monthly Disability Cover overview, Partners Life Journey Plan, retrieved 8 September 2026).
Who is the best health insurance provider in NZ?
Partners Life writes Private Medical Cover, not a standalone health plan; New Zealand's dedicated health insurers include Southern Cross Health Society, nib and UniMed. QuoteHub compares plans across the market rather than naming a single best provider, since fit depends on your existing cover and health history.
Is Journey Plan cheaper than a full underwritten policy elsewhere?
Not necessarily for the same amount of cover. Comparing a Journey Plan premium against a full-product premium from another insurer without checking the sum insured is misleading, because Journey Plan's $500,000 ceiling may be less cover than the alternative quote provides (Partners Life Journey Plan, QuoteHub, retrieved 8 September 2026).
Adviser's view
QuoteHub's read is that Journey Plan suits a buyer whose Life, Trauma, TPD and income needs genuinely sit under its fixed caps today, not one who expects those needs to grow, since the packaged product does not flex the way the full adviser-built Partners Life cover does. Check your likely five-year position, not just today's, before choosing between them.
Documents
- Partners Life Journey Plan, Life Cover overview, retrieved 8 September 2026
- Partners Life Journey Plan, Trauma Cover overview, retrieved 8 September 2026
- Partners Life Journey Plan, Monthly Disability Cover overview, retrieved 8 September 2026
- This is Partners Life 2025, key claims stats, retrieved 8 September 2026
- Partners Life, solvency and financial strength, retrieved 8 September 2026
Compare life cover with a licensed NZ adviser · free, no obligation.
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). Partners Life Journey Plan Review: Benefits, Limits, Cost. www.quotehub.co.nz/life-insurance/partners-life/journey-plan. Updated 2026-09-08.
Explore related pages: Life Insurance, Income Protection, Health Insurance, Trauma Insurance, How It Works.