{
  "vertical": "life",
  "insurer": {
    "slug": "chubb-life",
    "name": "Chubb Life NZ",
    "brand_family": "chubb-life"
  },
  "product": {
    "slug": "life-one",
    "name": "LifeOne",
    "status": "active",
    "positioning_summary": null
  },
  "wording": {
    "version": "2026-05-17",
    "ingested_at": "2026-05-17T05:39:53.811568+00:00",
    "pdf_hash": "e2f0f377be273b9a1dd0e4e012d3cfbbe945516512132ef777fe7644a85af97a",
    "source_url": "https://www.chubb.com/content/dam/chubb-sites/chubb/nz-en/life/documents/cig0276-life-one-policy-wording-v1.pdf",
    "page_count": null
  },
  "confidence_tier": "verified",
  "facts": {
    "exclusions": [
      "War or any act of war",
      "Invasion",
      "Terrorism or any acts of terrorism",
      "Act of foreign enemy",
      "Hostilities, strike, riot or civil commotion",
      "Civil war, rebellion, revolution or insurrection",
      "Military or usurped power",
      "Suicide, attempted suicide or intentional self-injury within 13 months of the cover start date or from the date the policy was reinstated after being cancelled (Life, Advanced Funeral and Terminal Illness Benefits)",
      "Critical Illness Benefit: attempted suicide or intentional self-injury by the life insured, whether sane or insane",
      "Critical Illness Benefit: an unlawful act by you or the life insured",
      "Critical Illness Benefit: alcohol or drugs taken by the life insured – unless prescribed by a qualified medical practitioner",
      "Critical Illness Benefit: the life insured driving a motor vehicle with a blood alcohol level exceeding the minimum legal limit",
      "Critical Illness Benefit: conditions or symptoms of conditions (not caused by accidental injury) which occurred, whether diagnosed or not, within 3 months after the later of the original cover start date, any increase to the Critical Illness Cover Amount (in respect of the increased portion only), or the most recent date this policy was reinstated"
    ],
    "cover_types": [
      "Yearly Renewable Term"
    ],
    "entry_age_max": 54,
    "inbuilt_benefits": [
      "Life Benefit",
      "Advanced Funeral Benefit",
      "Terminal Illness Benefit",
      "Special Events Increase Benefit"
    ],
    "optional_benefits": [
      "Critical Illness Benefit"
    ],
    "premium_structure": "Stepped premiums that adjust each year on the anniversary date as the life insured gets older. Chubb Life may also change premium rates for all LifeOne policies from time to time, with at least 30 days notice before any changes. An annual CPI-linked cover increase of up to 10% is offered each year, with premiums adjusted accordingly.",
    "waiting_periods_days": {
      "critical_illness_non_accidental": 90
    },
    "claim_payment_options": "Lump sum payment to the policy owner or the policy owner's estate. Terminal Illness Benefit paid as an advance of the Life Cover Amount (up to a maximum of $500,000); if equal to the Life Cover Amount the policy ends, if less the remaining Life Cover Amount is paid on death. Advanced Funeral Benefit paid as an advance of the lesser of 5% of the Life Cover Amount or $15,000, reducing the Life Cover Amount by the amount paid. Critical Illness Benefit paid as a lump sum reducing both the Critical Illness Cover Amount and the Life Cover Amount by the amount paid; Coronary artery angioplasty limited to the lesser of 20% of the Critical Illness Cover Amount or $20,000; Early stage cancer limited to the lesser of 10% of the Critical Illness Cover Amount or $20,000; Early stage chronic lymphocytic leukaemia limited to the lesser of 20% of the Critical Illness Cover Amount or $20,000.",
    "suicide_exclusion_period": "If the life insured's death or terminal illness is caused or contributed to, directly or indirectly, by suicide, attempted suicide or intentional self-injury within 13 months of the cover start date or from the date the policy was reinstated after being cancelled. This applies whether the life insured is sane or insane. If the Life Cover Amount is increased within 13 months before the life insured's death by suicide, attempted suicide or intentional self-injury, we'll only pay the Life Cover Amount that applied immediately before the increase.",
    "future_insurability_options": "Special Events Increase Benefit: the life insured gets married or enters a civil union; the life insured has a child (by birth or legal adoption); the life insured has a dependant who starts full-time tertiary study for the first time; the life insured takes out a loan to buy a property, including bare land, that will be used as the life insured's primary residence (maximum increase limited to the loan amount). Must apply within 90 days of the event. Life insured must be under 55 and living in New Zealand or Australia. Each increase limited to a maximum of 25% of the Life Cover Amount at policy start. Total of all increases may not exceed $200,000 or 50% of the Life Cover Amount at policy start. Cannot have increased under this benefit within the last 12 months. Policy must not have been issued with an increased premium due to health, medical history, occupation or leisure activities."
  },
  "endpoints": {
    "summary": "/api/product/chubb-life/life-one/summary.md",
    "wording": "/api/product/chubb-life/life-one/wording.md",
    "history": "/api/product/chubb-life/life-one/history.json"
  },
  "canonical_url": "https://lifeinsurer.co.nz/api/product/chubb-life/life-one/facts.json",
  "generated_at": "2026-05-20T08:21:46.168Z",
  "license": "CC BY 4.0 — attribute https://lifeinsurer.co.nz"
}