Cornerstone Employee Cover

Protect your employees future – it's easy

As a small business employer, you will have your employee’s best interest at heart.

​You may also want to provide your employees with additional benefits to either reward them for their service, or to help keep them with your company.
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​With a Group Risk Scheme you can provide your employees with some protection against unforeseen events, at no cost to them.

Cornerstone Employee Cover is available exclusively via Belong.    Belong's Affiliated Financial Advisers will get a customised quote for you, explain how it all works, and get you up and running.      When you buy Cornerstone Employee Cover, your access to Belong is included at no extra charge.

How it works:

  • You pay for risk cover for all your eligible employees, by way of a single premium payment each month.
  • You only pay for those employees who are eligible for cover at the start​ of each month.
  • You can choose to offer your employees:
              – Life insurance Cover and
              – Trauma Insurance
  • You can administer the scheme though your Belong membership – so no extra work for you.
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Why choose Pinnacle Life?

  • We are a kiwi owned and operated Life​ Insurance company, based in Auckland.
  • We’ve been offering life insurance to New Zealanders since 1998.
  • We are known for our innovation and willingness to do things differently for our customers.
  • We were the first life insurance company in the world to allow consumers to apply for, and be issued life insurance policies online .
  • We have a life insurance licence issued by the Reserve Bank, and are backed by Hannover RE, one of the five largest reinsurance companies in the world.
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Benefits for your company

Benefits for your people
Improved employee morale
By providing your people with this additional benefit, at no cost to them, you are providing them with something which they will hope to never need, but will be invaluable if there is a time of need. For most employers the cost is only a small additional proportion of total salary costs, but provides real value to your people.

Value for money
Under our scheme you only pay for your eligible employees each month, versus many schemes where you have to pay an annual premium with built in additional costs just in case your employee levels increase, plus no savings if
your employee levels go down.

Low administration cost
As we use your Belong membership and/or payroll information to manage the Group Risk Scheme dynamically, there are no additional costs for you. All communication with your employees is either directly through the Belong employee portal, or from Pinnacle Life, or your assigned adviser.
Protection for their family at no cost
There is no cost to employees to be a part of your Group Risk Scheme, and it provides them with additional support for their families in a time of need.

Ability to increase their level of protection
Employees can choose a higher level of cover, with the additional costs being paid for by them.

Automatic acceptance
We automatically accept all eligible employees and cover them up to an agreed amount, from the date the scheme starts, or from when they are first eligible for cover under your group policy.

Cover provided during unpaid leave
Employees can still be covered while they are on parental, or other unpaid leave, as long as payment for their cover continues.

Cover provided while working overseas
Employees are covered while holidaying overseas, as well as those travelling on business, for less than 3 months continuously. If an employee is going to be working overseas for longer than this, then we may be able to provide continued cover for them.

Option for ongoing cover
When an employee covered under your Group Risk Scheme leaves your company’s employment, they can choose to continue their cover at their own cost.
Download this fact sheet for more information.
pinnacle_life_belong_factsheet.pdf
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