Super Simple life insurance is designed to give you just what you need, and nothing you don't. Available to Booster members, Super Simple life insurance offers easy, immediate life cover up to $200,000.
You can apply for Booster Super Simple life insurance up to a maximum of $200,000 if you:
Depending on your own personal circumstances, your premiums may be higher than standard rates due to health conditions, or a specific activity or health condition may be excluded from your cover.
Maybe. The 'underwriting' (medical assessment) will be based on the answers you give on our online application form. It is important that you include any relevant medical information that you are aware of. In some cases (but not all) the insurer may ask for further information or contact your doctor for medical notes.
Do I need to see my doctor?
Generally not. However, we may need extra information from your doctor, or ask for a health assessment. We'll let you know if we need to do this, and you can decide what's best for you. In this case, you may want to talk with a financial adviser to help you decide.
What is a terminal illness?
This is an illness that, in the opinion of a medical specialist, will result in the insured person having 12 months or less to live, after taking into account all reasonable available treatment.
The cover you need will depend upon your personal financial circumstances. You should consider the debts you wish to pay off, or money you would want to leave behind in the event you die.
We recommend talking to a financial adviser to help you work out an amount that is appropriate for your needs. If you don't have a financial adviser, we can put you in touch with one.
There is a limit of $200,000 for cover bought online through Booster Assurance Limited.
Should my spouse or partner also get life cover?
If you share responsibilities for financial liabilities such as a mortgage or children and your partner's death would result in you struggling financially, then yes.
Can I change the amount of my cover?
Yes - we recommend you review your cover against your personal financial situation on an annual basis to ensure the level of cover is right for you. You can increase or decrease your cover at any time - contact us or go online to do this.
Note: When increasing cover, you will be required to answer the health and lifestyle questions again, and the terms for the new cover may change from those of your original cover.
Can I change or add a policy owner or beneficiary at a later date?
Yes, you can do this at any time - just contact us and we'll send you a 'Change of Ownership/Beneficiary' form.
Premiums are based on the level of cover you select and on your age, gender and smoking habits, and are sometimes referred to as 'standard rates'.
For some people who smoke, have health issues, work in dangerous occupations or have hazardous hobbies, then the premium may be higher.
Will my premiums increase?
For anyone below age 40, the premiums will not increase until the first policy anniversary after your 40th birthday.
For anyone over age 40, on the anniversary of your policy, your premiums will generally increase with age, which reflects the increased risk of a claim.
Should you develop a health issue after taking out the policy, your premiums are not affected (though the premium may be higher for any increases in cover you choose to make).
Does smoking affect my premium?
Yes, smokers' premiums are higher than those of non-smokers. On the plus side, if you have not smoked for more than 12 months, you can qualify as a non-smoker - you will need to contact us so we can change your premium.
Does smoking include use of a vapouriser or e-cigarette?
If you have used a vapouriser or e-cigarette within the last 12 months, you are considered a smoker for the purposes of this insurance cover.
When will I make my first premium payment?
Your first premium will be payable after your application has been assessed and accepted. If you do not proceed with your application then you won't have to pay any premiums.
What are my payment options?
The most common and easiest payment option is direct debit, and this can be set up online. However, you can also pay by internet banking.
What happens if I change my mind after signing up?
If you decide you don't want to continue with your policy, you can cancel within 30 days and receive a full refund of your premiums. This is known as the 'free look period'.
You can also cancel your policy at any time after the first 30 days, however, your premium payments are not refundable.
If you think you might be entitled to a claim, please contact us straight away. We will then get the claims process underway.
When would a claim not get paid?
A claim would be refused in the following circumstances:
Booster Assurance Limited is a licensed insurer issued by the Reserve Bank of New Zealand. Booster Assurance Limited is a wholly owned subsidiary of Booster Financial Services Limited.