Golden Insurance

Golden Insurance: life insurance for New Zealand residents aged 40 and over

Golden Insurance is an insurer specialising in life insurance policies for New Zealand residents aged between 40 and 80. Its approach focuses on a streamlined application process: applicants answer questions about their health and lifestyle, with no need for medical exams or blood tests, and can get a quote, submit an application and be covered in a single phone call.

Life insurance cover and benefits

The policy provides a cash payout of up to NZ$250,000, with a minimum of $10,000, depending on the applicant's age and personal circumstances at the time of application. Cover can start from day one for death and terminal illness, provided the applicant's health allows it when applying for the policy.

If diagnosed with a terminal illness, as defined in the policy document, 100% of the benefit amount is paid in advance. After that payment, the policy and cover end.

Stated conditions and limitations

The benefit amount is not paid if death or terminal illness diagnosis results from an intentionally self-inflicted injury or attempted suicide occurring before the policy commencement date or within the first 13 months from that date. A waiting period may also apply during which the benefit is only paid if death is due to an accident. Full conditions are set out in the policy document.

Free Will Kit with the policy

Taking out a Golden Insurance policy includes a free Will Kit, a set of documents so the policyholder can record their final wishes and make things easier for their family when the time comes.

Corporate group and recognition

Golden Insurance is a trading name of Neilson Financial Services Pty Ltd (Neilson), ABN 52 668 314 896, AFSL 552284. The entity is part of the Neilson group, whose brands — including Dignity Insurance, Direct Cover, British Seniors, Cover Direct, Cover Today, Seniors Choice and Smart Insurance — have more than 500,000 customers worldwide and have been rated 'Excellent' on Trustpilot, according to information published by the company itself.

Service and applications

The company serves applicants by phone and has dedicated claims specialists to assist beneficiaries. The website offers the option to request a quick quote or to ask the company to contact the interested party.