The death of a loved one is a very emotional time, but it can also be very stressful. Having a policy in place to provide for funeral costs can help your family cope financially.
- Acceptance is guaranteed with no medical underwriting, and anyone aged between 16 and 65 can be covered. Cover ceases on 86th birthday
- Cover options: $5,000, $7,500 or $10,000 as applicable
- We offer immediate cover for accidental death; otherwise full cover applies after 24 months
- Benefit payable is either the cover selected or 75% of premiums paid, whichever is highest.
Simply contact us if you have any questions, we're here to help.
Check out the important stuff
FINANCIAL STRENGTH RATING
FIRST CREDIT UNION LOAN PROTECTION INSURANCE is underwritten by First Insurance Limited. First Insurance Limited has a BB Stable insurer financial strength rating issued by Fitch Ratings in February 2023.
Fitch Ratings Insurer Financial Strength Ratings Scale: AAA: Exceptionally Strong | AA: Very strong | A: Strong | BBB: Good| BB: Moderately weak B: Weak | CCC: Very weak | CC: Extremely weak | C: Distressed.
As at 30 June 2023, the Minimum Solvency Capital required to be held by First Insurance Limited under the Reserve Bank of New Zealand’s Solvency Standard was $5,000,000. The Actual Solvency Capital held by First Insurance Limited was $6,158,814, representing a Solvency Margin of $1,158,814 and a Solvency Ratio of 123%.
Actual Solvency Capital
Minimum Solvency Requirement
AUDITED FINANCIAL STATEMENTS
To view a copy of the 2023 First Insurance Limited Audited Financial Accounts click here.