> _Markdown transcription of Fidelity Life LifeProtect Life Cover policy wording, effective 2025-04-30. Source: https://www.fidelitylife.co.nz/media/rhwnwmfn/life-protect-life-cover-policy-wording.pdf_ --- # LifeProtect Life Cover This cover wording should be read together with the policy schedule and the LifeProtect Policy Terms and Conditions. Please read these documents carefully and keep them in a safe place. Effective from 30 April 2025 --- # YOUR COVER IN DETAIL Words that are bold in this document are defined terms - you can find the definitions in section 6 of this cover wording, or in section 11 of the LifeProtect Policy Terms and Conditions. ## 1. Introduction This Life Cover provides you with a lump sum payment if the insured person dies or is diagnosed with a terminal illness. The policy schedule names the insured person this Life Cover applies to. ## 2. Benefits ### 2.1 Death Benefit. We will pay you the sum insured if the insured person dies. ### 2.2 Bereavement Benefit. If the insured person dies, you may apply for an immediate advance payment of $15,000. If the Life Cover sum insured is equal to or less than $15,000, we will pay the Life Cover sum insured in full. The Life Cover sum insured will reduce by the amount of Bereavement Benefit we pay. ### 2.3 Terminal Illness Benefit. If the insured person is diagnosed with a terminal illness, you may apply for an advance payment of the Life Cover sum insured. The Life Cover will end when this Terminal Illness Benefit is paid. ### 2.4 Terminal Illness Partial Benefit. You may apply for an early payment of part of the Terminal Illness Benefit for the lesser of: * 30% of the sum insured, or * $250,000, if the insured person is unequivocally diagnosed by an appropriate specialist medical practitioner with one of the following conditions: * Class 4 congestive heart failure which is unresponsive to treatment * Motor neurone disease * Stage 3 or 4 exocrine pancreatic cancer * Stage 4 non-small cell lung cancer * Stage 4 distal oesophageal cancer * Stage 4 liver cancer * Stage 4 stomach cancer As the Terminal Illness Partial Benefit is an early payment of part of the Terminal Illness Benefit, payment of this benefit will result in a reduction of the Life Cover sum insured by the same amount. ### 2.5 Child's Funeral Assistance Benefit. The Child's Funeral Assistance Benefit will be payable if: * we receive written notification that a child aged between 2 and 20 (inclusive) has died, and * the death doesn't directly result from a known congenital condition, or any child pre-existing condition, and * the death hasn't occurred within three months of the start date or reinstatement of their parent's Life Cover, and * the requirements of the Claims sections 3.1 and 3.2 in this cover wording and sections 8.1 to 8.4 in the LifeProtect Policy Terms and Conditions are met. The maximum we will reimburse is as follows: * $10,000 if the child is aged between 10 and 20 (inclusive) at the date of death, or * $2,000 less any other amounts payable in respect of the death of that child under the terms of the Life Insurance Act 1908 if the child is under the age of 10. We will reimburse, up to these maximums, the direct funeral costs if a child of the insured person dies while covered under this benefit. A maximum of one Child's Funeral Assistance Benefit will be paid irrespective of the number of covers the parent(s) have with us with a Child's Funeral Assistance type benefit. The Child's Funeral Assistance Benefit isn't deducted from the parent's Life Cover sum insured. This Child's Funeral Assistance Benefit ends for a child on the earliest of the date: a. The child's parents no longer have any cover with us that provides this Child's Funeral Assistance type benefit, or b. Of the child's 21st birthday, or c. A Child's Funeral Assistance type benefit under any policy with us is paid. ### 2.6 Repatriation Benefit. If an insured person dies, you may apply for reimbursement of the direct cost of repatriating the insured person's body, from the country of death to New Zealand or to their home country, or from New Zealand to their home country. The total combined payments we will reimburse under this benefit, is the lesser of: * the direct costs paid for repatriating the insured person's body, or * 10% of the Life Cover sum insured, or * $20,000. If the insured person is the sole policy owner, we will reimburse the person who has paid the direct cost. Where more than one person has paid a direct cost, we will reimburse in the date order we receive the invoice and payment documents until the total combined payments we will reimburse is reached. All requests for payment of a direct cost will be totalled when determining the maximum combined reimbursement we pay. A direct cost can only be claimed once. This Repatriation Benefit is an additional payment to the Life Cover sum insured and the Bereavement Benefit. This Repatriation Benefit is not deducted from the Life Cover sum insured. This Repatriation Benefit will be paid once for an insured person, regardless of the number of separate life covers they have with us with a Repatriation Benefit. We will not pay direct costs which can be or have been claimed, reimbursed, or paid for, under any of the following: * a travel insurance policy * any other insurance policy * government aid or assistance * any other source. This Repatriation Benefit does not cover any of the following costs: a. the insured person's: * funeral, or * cremation, or the transportation of their ashes, or * burial, or b. the transportation or accommodation cost for a person to accompany the coffin or casket for repatriation; or c. the transportation of the coffin or casket following its arrival in New Zealand or their home country, or d. any other cost which is not a direct cost. ### 2.7 Financial Planning and Legal Advice Benefit. When we pay a lump sum benefit of at least $100,000 under this cover, we will reimburse you, up to a maximum of $2,500 (including GST), towards the cost of: * a fully documented financial plan prepared by a financial advice provider providing a financial planning service for you, or * legal advice you receive from a lawyer. Where there is more than one policy owner the Financial Planning and Legal Advice Benefit will be divided equally between those policy owners. The reimbursement must be claimed within six months of receiving the lump sum benefit and will be payable only once in respect of all policies covering the same insured person. If the reimbursement request is in relation to financial advice, we will require evidence to show that the financial plan has been provided, the qualifications of the financial adviser and the fees charged by the financial advice provider. If the reimbursement request is in relation to legal advice, we will require evidence of the fees charged by the lawyer. This benefit does not cover the legal fees for any advice or guidance given in relation to the administration and/or distribution of an estate. The financial plan or legal advice received must be in relation to a benefit paid by us under this cover. ### 2.8 Special Events Increase. You can increase the sum insured once in any 12-month period before the insured person's 55th birthday without providing additional health information if one of the circumstances shown below occurs. a. You can increase the sum insured by up to the lesser of $250,000 or 50% of the sum insured as at the start date of the cover if any of the following events apply to them: * marriage or civil union or one of divorce or being subject to a separation agreement or order, or * either, pregnancy at 28 weeks gestation or birth of a child, or * adoption of a child, or * dependent child starting secondary school, or * financially supporting a dependent child through a first course of full-time tertiary education, or * reaching ages 25, 30, 35, 40 or 45, or * either, death or terminal illness (diagnosed by an appropriately qualified medical practitioner, confirming a prognosis of less than 12 months to live) of a spouse, de facto partner, child or civil union partner, or * they permanently stop work to provide full-time physical care for the first time for a dependent relative. You cannot apply for more than one increase: * if the insured person enters into a marriage or civil union relationship, or separates and/or divorces from a marriage or civil union relationship, with the same person more than once, * for both the pregnancy and birth of the same child, * for both the terminal illness (diagnosed by an appropriately qualified medical practitioner, confirming a prognosis of less than 12 months to live) and death of the same person. b. If the insured person takes out or increases a mortgage on their own home, investment property, vacation home, or residential block of land, you can increase the sum insured by up to the lesser of: * 50% of the sum insured at the start date, or * the increase in the value of the existing mortgage or the amount of a new mortgage, or * $250,000. c. If the insured person co-signs on a new mortgage for a child, you can increase their sum insured by up to the lesser of: * 50% of the sum insured at the start date, or * the amount of the mortgage of the child, or * $250,000. d. If the insured person has a salary increase of at least $5,000 or a salary increase of at least 10% of their salary, you can increase the sum insured by up to the lesser of: * 25% of the sum insured at the start date, or * five times the increase in their salary, or * $250,000. #### Conditions. a. You must exercise a Special Events Increase in writing with supporting evidence within the later of either: * six months following the event, or * 30 days after the following policy anniversary. b. An increase under Special Events Increase isn't available if: * The insured person has either had a claim paid or is entitled to be paid a claim under any policy with us or any other insurance company. * The premiums aren't up to date or are being waived for any reason. * The portion of cover is itself a result of a Special Events Increase. c. Any special terms and loadings that applied to the sum insured at the start date will also apply to the increase on that cover. d. Your premiums will increase in line with the increased sum insured. We will calculate the premium for the increase using the insured person's age and premium rates at the start date of that increase. The increased sum insured applies from the date we confirm the new sum insured to you, subject to payment of the additional premium. e. The maximum increase for the insured person for all events is the lesser of: * $1,000,000, or * the sum insured of the Life Cover at the start date. f. The total cover when added to all other life type covers with any insurer after an increase cannot exceed $10,000,000. ### 2.9 CPI Increases. If CPI Increases are included in this cover, the policy schedule will state it. How we apply CPI Increases is set out in section 7.1 of the LifeProtect Policy Terms and Conditions. The last increase under CPI Increases for the insured person under Life Cover will be applied on the earliest of: * the policy anniversary after their 65th birthday, or * the total sum insured for all life type covers for the insured person with us and any other insurer, reaching $10,000,000. You must notify us if the total life type covers on the insured person will exceed this amount. ## 3. Claims ### 3.1 Notice. You must notify us immediately or as soon as practically possible after you become aware of any claim or potential claim under this Life Cover. We will advise you of the requirements we need to assess your claim. ### 3.2 Obligations. You must: * Complete our claim form(s) (if required) in full and send it/them to us as soon as reasonably possible. * Supply us with all relevant medical evidence we reasonably require in connection with the claim. * Authorise the disclosure to us of the insured person's or your personal information in connection with the claim held by any other party. * Authorise the disclosure of the insured person's or your personal information held by us to another party to evaluate the claim. * Provide us with any other relevant information we reasonably require. You must pay any expenses incurred in providing this information to prove your claim. For the Terminal Illness Benefit and Terminal Illness Partial Benefit claims, the insured person must: * Provide a signed report from an appropriate specialist medical practitioner confirming the diagnosis, prognosis and supporting medical evidence of the terminal illness or condition. * Undergo one or more medical examination(s) if we reasonably request them at our expense. This may include blood tests and medical testing. ## 4. Exclusions We will cancel the cover, or the increased portion of cover, and retain any premiums paid if the insured person, whether sane or insane, dies by their own hand within 13 months of: * the start date or the date of reinstatement, or * the date of any increases in the sum insured, excluding increases due to CPI Increases. This exclusion won't apply if the insured person had similar life cover with another insurance company and this cover replaced that cover up to the sum insured under the replaced cover, provided: * the previous cover had been in force for at least 13 months before the start date, and * you provide us proof of the existence and cancellation of that previous policy at the time of claim. ## 5. When this cover ends This Life Cover ends for the insured person on the earliest of the date: a. you cancel the Life Cover, or b. this Policy ends for any reason, or c. we pay a Terminal Illness Benefit claim (section 2.3) for their terminal illness, or d. they die. ## 6. General definitions The definitions shown below apply to all derivatives of the words defined. Where defined words are not shown below, they may be found in the LifeProtect Policy Terms and Conditions. ### Child pre-existing condition. Any illness, sickness, disease, injury or medical condition existing that: * the parent or child was aware of, or * the child had signs or symptoms of, or * the child had investigations or sought medical advice for, or * a reasonable person or parent in the circumstances would seek diagnosis, care or treatment for, on or before the date the Child's Funeral Assistance Benefit starts for a child. ### Direct costs(s). The following cost(s): * professional fees to arrange repatriation * embalming where this is a requirement for repatriation * the casket or coffin needed to meet repatriation requirements * preparing the casket or coffin for transportation * the transportation of the casket or coffin for repatriation * other repatriation costs directly required to comply with country specific regulations, which if not paid, would prevent the insured person's body from being repatriated. ### Home country. The country where the insured person was born, or their country of permanent residence, or the country in which they have spent a significant portion of their life. ### Known congenital condition. A health anomaly, medical condition or defect which is present at birth which is known by the parent or child at the date the Child's Funeral Assistance Benefit starts for a child. ### Terminal illness. An illness where, after considering the current or future treatment the insured person would be reasonably expected to receive, they are likely to die within 12 months. The specialist medical practitioner treating their condition must certify the diagnosis and prognosis of the terminal illness. Another specialist medical practitioner nominated by us must confirm the diagnosis and prognosis. --- Westpac life insurance products are arranged by Westpac New Zealand Limited ("Westpac") and underwritten by Fidelity Life Assurance Company Limited ("Fidelity Life"). None of Westpac Banking Corporation ABN 33 007 457 141 (incorporated in Australia), Westpac, or any member of the Westpac group of companies guarantee the obligations of, or any products issued by, Fidelity Life or any member of the Fidelity Life group of companies. Westpac will receive commission payments as a result of the arrangement of Fidelity Life policies. Fidelity Life Assurance Company Limited. LP LC 25A