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Cancer caused 55% of life insurance payouts in New Zealand, with most claims approved and averaging $350,000, yet 85% of households remain underinsured.
Cancer caused 55% of life insurance payouts in New Zealand over the past year, primarily affecting adults in their 30s to 50s.
Most claims were approved, with payouts averaging $350,000—often insufficient to cover mortgages (50%), children’s education (30%), and income replacement (20%).
Despite high financial needs, 85% of households remain underinsured, especially in costly areas like Auckland.
Experts stress that adequate coverage is more affordable than commonly believed and essential for financial security.
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El cáncer causó el 55% de los pagos de seguros de vida en Nueva Zelanda, con la mayoría de las reclamaciones aprobadas y un promedio de $ 350,000, sin embargo, el 85% de los hogares siguen sin tener seguro suficiente.