Funeral insurance premiums in New Zealand vary based on your age at policy entry, smoking status, and the chosen benefit amount (typically ranging from 3,000 to 30,000 dollars). For a 50-year-old non-smoker seeking a 10,000-dollar policy, annual costs generally range between 300 and 500 New Zealand dollars, whereas older applicants aged 70 or individuals who smoke can face annual premiums scaling from 1,200 to over 2,000 dollars. Critics often note that total lifetime premiums can exceed the payout sum.
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