Southern Cross Life vs AA Insurance Comparison 2025
Compare New Zealand's #1 and #2 ranked life insurance providers. Which offers better coverage, premiums, and benefits for your family?
#1 Ranking
VS
#2 Ranking
Quick Comparison Overview
Market Position
#1 Southern Cross
#2 AA Insurance
Max Coverage
$2,000,000
$1,500,000
Starting Premium
From $35/month
From $30/month
Special Offers
2 months free
AA discounts
Detailed Feature Comparison
| Feature | ||
|---|---|---|
| Market Ranking | #1 | #2 |
| Minimum Coverage | $50,000 | $25,000 |
| Maximum Coverage | $2,000,000 | $1,500,000 |
| Terminal Illness Benefit | ✓ Included | Optional (extra cost) |
| Medical Exam Required | Depends on amount | For higher amounts |
| Online Application | ✓ | ✓ Quick process |
| Special Discounts | 10% health member discount | AA member benefits |
| New Customer Offer | 2 months free | Various promotions |
| Customer Support | Business hours | 24/7 available |
| Payment Frequency | Monthly, Annual | Monthly, Quarterly, Annual |
| Guaranteed Acceptance | Whole of Life (50-80) | Limited options |
Premium Comparison by Age
| Age & Coverage | Southern Cross Life | AA Insurance | Difference |
|---|---|---|---|
| Age 25, $250k | ~$35/month | ~$30/month | AA $5 cheaper |
| Age 30, $500k | ~$45/month | ~$42/month | AA $3 cheaper |
| Age 40, $500k | ~$75/month | ~$68/month | AA $7 cheaper |
| Age 50, $500k | ~$140/month | ~$125/month | AA $15 cheaper |
*Estimates only. Actual premiums depend on health, lifestyle, and underwriting. Member discounts may apply.
Get Personalized Quotes from BothStrengths & Weaknesses Comparison
Southern Cross Life
Strengths
- ✓ #1 market position and reputation
- ✓ Highest coverage limit ($2M)
- ✓ Terminal illness included at no cost
- ✓ 2 months free for new customers
- ✓ 10% discount for health members
- ✓ Strong financial stability
Considerations
- × Generally higher premiums
- × Higher minimum coverage ($50k)
- × Discount requires health membership
- × Limited customer service hours
AA Insurance
Strengths
- ✓ Generally lower premiums
- ✓ Lower minimum coverage ($25k)
- ✓ Quick online applications
- ✓ 24/7 customer support
- ✓ AA member benefits
- ✓ Flexible payment options
Considerations
- × Lower maximum coverage ($1.5M)
- × Terminal illness costs extra
- × Best benefits need AA membership
- × #2 market position
Which Provider Is Right for You?
Choose Southern Cross Life If:
- You want the #1 ranked provider
- You need high coverage ($1M+)
- You're a health society member
- You want terminal illness included
- Brand reputation is important
Choose AA Insurance If:
- You want lower premiums
- You need smaller coverage amounts
- You're an existing AA member
- You value 24/7 customer support
- You want quick online processes
Ready to Choose Your Life Insurance Provider?
Get personalized quotes from both Southern Cross Life and AA Insurance to compare premiums and coverage options.
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