Momentum Life, one of the fastest growing direct-to-customer life insurance brands in New Zealand, announces the grant
of their life insurance licence.
Following almost two years of impressive growth, Momentum Life announced that it has been issued a life insurance
licence beginning 12 March 2018, becoming the underwriter of their future products. The Auckland-based company quickly
grew after launching in April 2016 and accounted for over 60% of the total new guaranteed acceptance life insurance
business issued in New Zealand during 2017. The transition into underwriting policies will help further Momentum Life’s
vision of providing simple and affordable life insurance products to New Zealanders.
Russell Howden, managing director of Momentum Life, commented, “We’re thrilled to now hold our life insurance licence
and continue our upward growth. This move will provide us with more opportunities to bring innovative products to
market, giving New Zealand families more choice when it comes to meeting their insurance needs.”
Underinsurance is an issue for New Zealand. A Massey University study found that the rate of life insurance purchased
amongst New Zealanders sits far below levels in similar Western nations, creating a gap estimated at over $195.5
billion. “There is a tremendous life insurance need in New Zealand,” continued Howden, “Momentum Life will continue
bridging this gap, providing New Zealanders with products and resources that can help secure their financial futures.”
Momentum Life will continue working to its strengths, including providing customers with an outstanding customer service
experience. They have just been awarded the Feefo Gold Trusted Service Award for the second year running, an independent seal of excellence based on feedback from verified customers. They are also
developing a range of resource materials, designed to educate customers about estate planning.
About Momentum Life
Momentum Life is one of the fastest growing direct life insurance brands in New Zealand, providing New Zealanders with
easy-to-get, value for money insurance solutions. The company is a part of BlueInc Group, a leading financial services
group, specialising in delivering and administrating a range of quality insurance products across Australia and New
Zealand, via their award-winning insurance brands.
Momentum Life is also a proud supporter of Heart Kids, the only charity in New Zealand dedicated to providing lifelong
care and support for children and families living with childhood heart defects. A portion of all Momentum Life’s
first-year insurance premiums are donated to support the valuable work Heart Kids does across the country.
To learn more please visit www.momentumlife.co.nz.