Cover Smart

Cover Smart: life insurance for families in New Zealand

Cover Smart is a trading name of Neilson Financial Services Pty Ltd (Neilson), which is part of the Neilson group. The company presents itself as specialising in life insurance for New Zealand residents aged between 18 and 70, with the aim of helping to protect their families' financial future.

Product and cover

Cover Smart's life insurance is designed to provide a cash payout to beneficiaries if the insured person passes away or is diagnosed with a terminal illness. The maximum cover advertised is up to $1.5 million, subject to the applicant's age, health status and personal circumstances at the time of application. According to the company's information, cover could be active from day one for death and terminal illness, although conditions and waiting periods apply as set out in the policy document.

No medical exams required

Applying does not require medical exams or blood tests. The process is based on health and lifestyle questions, and can be completed over the phone in a single call. The company states that New Zealand residents aged 18 to 70 can apply for cover by following these steps: get a quick quote, choose the level of cover and activate the policy.

Premium payments and additional benefits

Premiums can be paid fortnightly or monthly, adapting to the insured person's preferences. In addition, when you take out a Cover Smart life insurance policy, the company sends a free Will Kit so the insured person can record their final wishes.

Claims process

The company describes its claims process as straightforward and has dedicated specialists to help insured persons and their beneficiaries when needed.

Group backing

Cover Smart is part of a global group whose brands have been chosen by over 500,000 customers worldwide and have been rated 'Excellent' by thousands of users on Trustpilot. The company highlights that its dedication to customers has been recognised repeatedly through awards and ratings of other brands in the group.