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.
Foundation Life (NZ) Holdings Limited purchased Tower Life (N.Z.) Limited from Tower Insurance Limited in 2014. On 29 January 2015, Tower (N.Z.) Limited was renamed Foundation Life (NZ) Limited and re-branded to Foundation Life.
Tower’s origins go back to 1869 when the Government Life Insurance Office (Government Life) was created in New Zealand, with its initial capital provided by the New Zealand government. Government Life became a separate statutory body with the passing of the Government Life Insurance Act 1953.
It was renamed Tower Corporation in 1987 and in 1990 ownership was conferred to its policyholders with the passing of the Tower Corporation Act, allowing Tower to be owned as a mutual association. Tower undertook a demutualisation process in 1999 with the approval of its policy holders and the High Court. The effect of this was to convert Tower’s legal status to a shareholder owned company.
Foundation Life (NZ) Limited Contact
| Physical Address | Ground Floor,50 Customhouse Quay,Wellington 6011,New Zealand | |
| Postal address | PO Box 590,Wellington 6040,New Zealand | |
| Phone | 0800 808 581 (NZ freephone) | +64 4 439 4300 (International) |
| Fax | 0800 808 181 (NZ freephone) | +64 4 439 4446 (International) |
| Call Centre Hours | Monday to Friday, 8:30am to 5:00pm. Outside of these hours please leave a phone message and a staff member will call you back during business hours, or email us at the above address or use the Contact form (below). |