Protecting What Matters Most, An Inside Look at PPS Mutual Life Cover
Life is full of surprises, some wonderful, some devastating. While we can't predict the future, we can certainly prepare for it. That's where PPS Mutual Professionals' Choice Life Cover comes in, and here at Naked Finance, we're proud to offer this exceptional product to Kiwis who want to protect their loved ones and their legacy.
More Than Just a Payout
When we talk about life insurance, the first thing that often comes to mind is a lump sum payment upon death. And yes, PPS Mutual Life Cover provides that, 100% of your sum insured is paid to your policy owner or estate. But this product is so much more than a simple death benefit.
What truly sets PPS Mutual apart is the comprehensive support system built into the policy. It's designed to provide financial security and practical help when your family needs it most, giving them time to grieve, respond, and recover without the added pressure of financial strain.
The Built-In Benefits That Make a Real Difference
One of the things we love most about this product is the extensive range of benefits that come as standard. Let's break down what you're getting:
- Early Access When You Need It Most: If you're diagnosed with a terminal illness and have a life expectancy of less than 12 months, you can access 100% of your sum insured early. Even better, if you're diagnosed with a terminal illness advanced condition (like specific stages of cancer or motor neurone disease) with a life expectancy of less than 24 months, you can access 50% of your sum insured (up to $600,000).
- Support for Non-Survivable Accidents: Life can change in an instant. If you suffer a non-survivable accident, the policy pays out 100% of the sum insured.
- Practical Help When It Counts: This is where PPS Mutual really shines. They understand that the financial impact of a loss extends beyond just the funeral costs. The policy includes:
- Bereavement Support Benefit: Up to $25,000 paid as an early payment of the Death Benefit.
- Counselling Benefit: Up to $3,000 to cover fees for a psychiatrist, psychologist, or counsellor for the life insured or an immediate family member.
- Professional Advice Benefit: $3,000 to cover legal or financial advice fees after a claim is made.
- Child Funeral Benefit: A lump sum payment if a dependent child passes away.
- Specialist Care and Repatriation: Whether it's covering accommodation and transport costs for treatment more than 100km from home, or reimbursing the cost to repatriate your body back to New Zealand, PPS Mutual has thought of the details.
- Future-Proofing Your Cover: Your life changes, and your insurance should too. The Specified Life Event Increase Feature allows you to increase your sum insured without further underwriting following major life events like getting married, having a child, or buying a house.
Optional Benefits to Suit Your Needs
Beyond the comprehensive built-in cover, you can tailor your policy further. The Optional Severe Illness Booster Benefit can provide an additional lump sum (up to $250,000) if you're diagnosed with a severe condition like advanced cancer. And for business owners, the Optional Business Insurability Feature allows for increases to your cover due to specific business-related events.
A Mutual Company with a Strong Heritage
PPS Mutual isn't just another insurance company. It's built on a foundation of mutuality, originally founded in South Africa in 1941 by a group of professionals who believed in looking after each other. This ethos of shared success is at the heart of everything they do.
Why Choose PPS Mutual Through Naked Finance?
Here at Naked Finance, we believe in cutting through the jargon and making insurance simple and easy to understand. We partner with leading providers like PPS Mutual to offer you high-quality, tailored protection that gives you and your family genuine peace of mind.
Ready to take the next step?
Contact the team at Naked Finance today. We'll take the time to understand your unique story, explain your options in plain English, and help you build a personalised plan that protects what matters most to you
Disclaimer: This blog provides general information only and does not constitute financial advice. Please consult the PPS Mutual policy wording for all terms, conditions, limitations, and exclusions or chat with a Naked Adviser.