Yes, you can purchase a whole-of-life insurance policy in New Zealand, though traditional whole life plans with a fixed lifelong guaranteed payout and cash-value accumulation have become less common compared to flexible level-term or stepped-premium life insurance. Many major New Zealand insurance providers offer permanent life coverage options designed to remain active for the entirety of your life, provided premiums are consistently paid. These policies are frequently utilized for final expense planning, funeral costs, and legacy bequests.
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