Momentum Life issued life insurance licence in New Zealand

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 March 12 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.

“We’re thrilled to now hold our life insurance licence and continue our upward growth," says Russell Howden, Momentum Life managing director.