As we have mentioned on numerous occasions Life Insurance Premiums are going to be going up on 1st July. The best indication of how much the tax change will affect premiums is by looking at how much Level Life Insurance premiums will be going up.

Asteron and ING have both indicated 20% increases for Level Life Insurance products taken out after 1st July http://www.stuff.co.nz/business/industries/3725208/Asteron-Life-increases-premiums this gives you a good indication of how much the increase in premium will be across the board.

Tower, Sovereign, Fidelity and AIA have also come out with their increases so there are not to many companies left to follow suit.

If you act before the 1st July 2010 you can avoid the increases !