About Foundation Life
The Foundation Life business is winding up. All Scheme cash payments have been completed. Cash payments where completed requirements documentation was not received by 30 June 2026 have been transferred to the Inland Revenue as unclaimed money in accordance with the Unclaimed Money Act 1971.
Customers will now need to claim their cash payment from the IRD – refer www.ird.govt.nz/unclaimedmoney .
Customers who chose or defaulted to the replacement life insurance product should contact Chubb Life via email:
The Foundation Life office is now closed, and the 0800 number will no longer operate from 24 July 2026. Please communicate via email:
Foundation Life (NZ) Holdings Limited is a private company that is focused on the acquisition and long term prudential management of life insurance portfolios which are no longer being actively marketed.
Quick facts:
- Foundation Life (NZ) Holdings Limited was incorporated in 2014.
- Foundation Life (NZ) Holdings Limited purchased TOWER Life (N.Z.) Limited from TOWER Insurance Limited in 2014.
- On 29 January 2015, TOWER Life (N.Z.) Limited was renamed Foundation Life (NZ) Limited and rebranded to Foundation Life.
- Foundation Life (NZ) Limited ("Foundation Life") is a 100% owned subsidiary of Foundation Life (NZ) Holdings Limited.