Key-Person Trauma Cover NZ

Key-person trauma cover protects the business against revenue / equity disruption when a critical illness sidelines a founder, partner or specialist employee. Owned by the business, sum-insured calibrated to lost earnings + replacement cost. Tax treatment varies — consult your accountant.

Key considerations

› Sum-insured rationale should map to specific business risk — gross-profit loss, key client relationships, debt repayment, equity buy-out.
› Standalone structure is generally preferred for key-person (keeps life cover intact for separate cross-purchase or buy-sell agreements).
› Tax treatment of premiums + claim proceeds depends on policy ownership + purpose — get specific accounting advice.
› Future-insurability matters as business value grows — see /topics/future-insurability/.

Relevant deep dives

Active retail trauma products

These are the 5 active retail NZ trauma / critical-illness products — the same set that applies to all buyers regardless of audience framing.

Chubb Life NZ

LifeOne Critical Illness Benefit

Wording effective 2026-05-17

Max entry age: —
Max renewal age: —

Full review → JSON

Fidelity Life

LifeProtect Trauma Cover

Wording effective 2025-04-30

Max entry age: —
Max renewal age: —

Full review → JSON

AIA New Zealand

AIA Living Critical Conditions Cover

Wording effective 2026-05-18

Max entry age: —
Max renewal age: —

Full review → JSON

Asteron Life

Asteron Life Trauma Recovery Cover

Wording effective —

Max entry age: —
Max renewal age: —

Full review → JSON

Partners Life

YouChoose Trauma Cover

Wording effective —

Max entry age: —
Max renewal age: —

Full review → JSON

Machine-readable API

Every product: /api/product/{insurer}/{product}/facts.json
Condition matrix: /api/trauma-condition/{slug}/matrix.json

Get a personalised quote

Premium depends on age, smoker status, sum insured + structure — get a real quote rather than rely on indicative figures.