Servicing the needs of over 6000 customers since 1970

Our products and services

Life and Critical illness insurance:

If you are aged 16 - 55 and wish to get an online quote for Life or Critical Illness Insurance go to our associate site at

Funeral Insurance:

If you need a simple funeral plan, with a level premium and no health exams -

Medical Insurance:

Pay less for medical insurance.

100% cover up to $250,000 per annum - no limits.  If you want an instant Medical Insurance quote -

KiwiSaver and retirement planning:

If you need information about KiwiSaver, retirement planning, or budget changes.  Information is available for employers, employees and individuals.

For other advice:

For general advice about how we can help you with insurance , investment and mortgage products.  Then this site is right for you.

Trauma or living insurance

  • Lump sum for specified illness or disability
  • Also known as living insurance or critical illness
  • Payable on diagnosis
  • At 25 you have a 1 in 3 chance of disability lasting 3mths + before 65
  • For every mortgagee sale due to death there are 16 for disability
  • For every person killed, 10 are injured yet 5 out of 6 long term disabilities are due to sickness.

A Trauma or Living Assurance Benefit pays a lump sum in the event of you suffering one of number of major medical conditions.

(If you would like a quick online quote click here).

There are usually two levels of cover available, one covering the major illnesses which cause approximately 90% of claims, and the other providing a much wider coverage. There is usually a premium difference of around 15%.

Listed below are conditions that can be covered:


  • Angioplasty
  • Serious Cancer
  • Heart attack
  • Stroke
  • Coronary artery bypass surgery
  • Kidney failure
  • Major organ transplant surgery
  • Paraplegia
  • Quadriplegia

COMPREHENSIVE COVER (all of the above plus)

  • Alheimer's disease and dementia
  • Aorta surgery
  • Aplastic anaemia
  • Cardiomyopathy
  • Chronic Liver disease
  • Chronic lung disease
  • Coma
  • Creutzfeldt-Jakob disease
  • Diplegia
  • Encephalitis
  • Heart valve surgery
  • Hemiplegia
  • HIV (only for emergency services professionals)
  • Loss of independent existence
  • Major burns
  • Major head trauma
  • Motor neurone disease
  • Multiple sclerosis
  • Muscular dystrophy
  • Out-of-hospital cardiac arrest
  • Parkinson's disease
  • Peripheral neuropathy
  • Permanent blindness
  • Permanent loss of speech, hearing or limbs
  • Pulmonary hypertension

Do you know anyone who has suffered a stroke, heart attack or cancer?

Many people now financially protect themselves against these traumas occurring.

Trauma cover is the fastest growing type of risk protection in the world;for one simple reason. More and more people are concerned about the losses that occur when traumas touch families. Losses not only of mobility, health and dignity but also financial losses. When trauma occurs many changes often need to be made, which cost money. Changes such as redesigning the house and the psychological time-out needed to reassess your situation.

This provides for the payment of a cash sum on the diagnosis of a major medical condition, such as stroke, heart, cancer, burns, paraplegia, etc. Many clients are now taking out this option with other products. Costs are similar to life cover costs and the sum can be used as you wish eg, to cover medical costs, repay debt, or take a break from work.

Did you know that 2 out of 5 of us will suffer a critical illness before reaching the age of 65? However 80% of people who suffer a critical illness will survive to age 65.(NZ Life Tables 90-92 Public Hospital and Selected Morbidity Data, 1994.) 

If you would like an online quote - go to our new site -

Q & A

If you have questions you would like answered email ushereTrauma Case Studies

Living Insurance is the fastest growing insurance claim sector in the personal risk insurance area after Medical. We have assisted more clients with these claims than death in recent years.

Below are some examples of Living Insurance claims we have experienced.


At 52 years old, Jim had everything going for him. Happily married with two sons, he worked at a distinguished Auckland secondary school as Deputy Headmaster and was coach of the New Zealand Junior weightlifting team. He didn't smoke, drank alcohol moderately, exercised regularly and had a health assessment every six months. In November 1997, however, everything changed for Jim - he suffered two strokes within three days.

He spent four weeks in hospital, unable to walk, or swallow food and liquids. His wife gave up her busy career as a real estate agent to care for him full time.

Fortunately, he had Living Insurance, as part of his Risk Protection Plan. We arranged the claim with Sovereign and a payment of $50,000 was promptly paid. Jim commented, "The receipt of this payment was the turning point for us in what was an extremely stressful situation".


Kate worked as a charge nurse manager at an Auckland hospital. In August 1995, she had tests carried out by her doctor as she had not been feeling right for a while. The tests indicated that Kate had endometrial cancer. Surgery followed, leaving Kate unable to work for six weeks. She returned to work for a short period of time but then had to take a further week off to recover from follow-up radiotherapy.

Kate had Living Insurance as part of her Risk Protection Plan. A claim was made through her financial adviser and she promptly received a lump sum of $20,000. This was used to fund an overseas trip with her children.

Kate is currently in good health and having regular check ups to ensure that all the cancer has been removed. She is concentrating on maintaining a more relaxed lifestyle.


As a 30 year old librarian Kathy didn't feel she had need for extensive cover at this point in her life. However, it was important to have some protection in place to put her mind at ease. In conjunction with her life cover Kathy took out a Living Insurance benefit that would pay out $75,000. This was in July of 1992.

During a routine examination in October 1994 blood tests indicated the presence of leukemia. By November the disease was confirmed and she underwent treatment.

Sovereign was able to pay Kathy her benefit making a significant contribution to her continuing treatment. As of today Kathy is doing well although not completely rid of the leukemia. We were very pleased to be able to assist in her time of need.

Other clients we have assisted include:

Immigrated to NZ as refugee. Female, aged 40. Stroke. $30,000 to reduce mortgage and buy machines to work from home. Only partial recovery and still unable to work.

Technical Manager,
Male aged 58, Heart attack. $100,000 now back at work.

Truck Driver,
Male aged 47. Prostate cancer. $187,000. Paid off mortgage, repaired house and bought boat. Successful operation and has now returned to work.

If you have any further questions, please contact us at: