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flag Cancer caused 55% of life insurance payouts in New Zealand, with most claims approved and averaging $350,000, yet 85% of households remain underinsured.

flag Cancer caused 55% of life insurance payouts in New Zealand over the past year, primarily affecting adults in their 30s to 50s. flag Most claims were approved, with payouts averaging $350,000—often insufficient to cover mortgages (50%), children’s education (30%), and income replacement (20%). flag Despite high financial needs, 85% of households remain underinsured, especially in costly areas like Auckland. flag Experts stress that adequate coverage is more affordable than commonly believed and essential for financial security.

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