LIFE INSURANCE FOR HOME OWNERS A new movement in Maori housing is for the new home owner to take up a life insurance to cover his mortgage. This means that if he should die before he has paid off his loan, the insurance company will repay the balance, leaving his family in free possession of the house. The Australian Mutual Provident Society (A.M.P.) and the Provident Life Assurance Company provide policies for people who obtained their homes through the Department of Maori Affairs, and home-owners are beginning to use this service. This type of arrangement is quite a new development for the Maori, as not so long ago it was difficult for Maori people to get life insurance on the same basis as pakehas. The two companies we mentioned now charge the same premium irrespective of race.
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https://paperspast.natlib.govt.nz/periodicals/TAH195712.2.46.1
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Te Ao Hou, December 1957, Page 54
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137LIFE INSURANCE FOR HOME OWNERS Te Ao Hou, December 1957, Page 54
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The Secretary Maori Purposes Fund Board
C/- Te Puni Kokiri
PO Box 3943
WELLINGTON
Waea: (04) 922 6000
Īmēra: MB-RPO-MPF@tpk.govt.nz
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The Secretary Maori Purposes Fund Board
C/- Te Puni Kokiri
PO Box 3943
WELLINGTON
Phone: (04) 922 6000
Email: MB-RPO-MPF@tpk.govt.nz
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