LifeInsurer.co.nz

OneChoice vs Chubb Life Insurance

Value vs Premium: Compare affordable and high-end life insurance options

Compare Both Providers
1

OneChoice

★★★★☆ 4.1/5

Best For:

  • • Budget-conscious families
  • • First-time life insurance buyers
  • • Simple, straightforward needs
  • • Coverage up to $2 million

Key Features:

  • • Highly competitive premiums
  • • Simple online application
  • • Fast approval process
  • • No medical exam options
C

Chubb Life

★★★★☆ 4.4/5

Best For:

  • • High-net-worth individuals
  • • Complex financial situations
  • • Executive protection needs
  • • Coverage above $5 million

Key Features:

  • • Very high coverage limits
  • • A++ financial strength
  • • Personalized underwriting
  • • White-glove service

Key Differences

FeatureOneChoiceChubb Life
Target MarketValue-focused consumersHigh-net-worth individuals
Premium CostLowPremium
Maximum Coverage$2M$10M+
Application ProcessSimple & fastComprehensive
Service LevelEfficient digitalPersonal relationship

Premium Comparison

Sample monthly costs for $500,000 coverage (healthy non-smoker)

Age 30

$35/month
OneChoice
vs
$55/month
Chubb

Age 40

$60/month
OneChoice
vs
$95/month
Chubb

Age 50

$120/month
OneChoice
vs
$185/month
Chubb

Which Is Right for You?

Choose OneChoice If:

  • ✓Budget is your primary concern
  • ✓You need basic, straightforward coverage
  • ✓You prefer simple online processes
  • ✓Coverage under $2M is sufficient

Choose Chubb If:

  • ✓You need high-value coverage ($2M+)
  • ✓You have complex financial needs
  • ✓Personal service is important to you
  • ✓You're a business executive or owner

Find Your Perfect Match

Compare quotes from OneChoice, Chubb, and other top NZ insurers

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