The average cost of life insurance in New Zealand varies significantly based on age, health status, and coverage amounts, typically starting at an affordable rate for younger adults. For a non-smoking 30-year-old purchasing $500,000 of term life cover, annual premiums generally range from $260 to $450 per year, whereas a 45-year-old pays between $500 and $760 annually, and premiums increase noticeably for older demographics or policyholders who smoke.
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