Mortgage Protection Insurance Comparison – Our Point of Difference

Before you run a mortgage protection insurance comparison it’s important you understand what home mortgage protection insurance is all about.

WHAT’S MORTGAGE PROTECTION INSURANCE?

In brief, mortgage protection insurance is a life insurance policy that covers your mortgage. With the right amount of cover in place, it ensures that you and your family will always have a home regardless of what the future brings. If you or your partner become too ill or injured to work, or if you pass away, your family will still have a roof over their head.

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Redundancy Protection Insurance vs Trauma Insurance – Choose Wisely!

​The world of Redundancy Protection Insurance can be confusing to navigate. But it’s essential that you do it right – your survival and wellbeing could well depend on it.

That’s what happened to Jeremy Walton. The company he’d been with for nearly a decade restructured three years ago. While they were appreciative of his contribution, they saw no way to bring his role into the new business structure. This was completely out of the blue and hit hard. Thankfully Jeremy had had the foresight to take out a Redundancy Protection Insurance policy a few years before this. He and wife Nicole discussed where to from there and made some minor adjustments to their lifestyle. Their relief was huge knowing their redundancy insurance cover maintained their mortgage repayments. Their bills were also covered for the 6 months that it took Jeremy to find another role that he felt was right for him.

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Life Insurance Protection and Income Insurance is the best way you can start the New Year.

January is one of the happiest times of the year in New Zealand, people are relaxed and letting their hair down, enjoying the summer break. The sun’s out, the water’s great and the barbeques are scrumptious. What could go wrong? After all, you plan, make lists, book holiday homes, and thoroughly look at every detail to create the perfect summer – however, the one thing no one really prioritises while enjoying this period is a thorough review of the life insurance protection and/or income protection insurance policies.

Unfortunately, it’s a fact that over the school holiday period nasty and unpredictable accidents can take place. While you can control how you drive, you can’t control how other people drive, therefore in order to be fully protected it is wise to contact your local insurance broker.

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Why Redundancy Insurance Protection is a Must Have in 2019

It’s time to realise that the world is changing very rapidly. This means less job security than ever as traditional industries downsize while computers replace jobs, and more tech-savvy younger people enter the workforce. Alongside the changing world, redundancy insurance protection has been gaining traction, because, despite unemployment levels dropping, job seekers aged over 50 are finding it harder and harder to find work after being made redundant. The truth is it now takes longer than a couple of weeks to find another job. With online job listings making each job application accessible to thousands of people, the hiring process can get dragged out to months. This is a scary fact seeing as nearly half of New Zealanders have stated they would be unable to pay their bills one month after losing their job.

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Income Insurance: New Zealand faces an underinsurance crisis

The results of a recent survey of 1000 New Zealanders gauge their attitudes toward income insurance are far from stellar.

Intended to check whether any progress had been made on a $650 billion underinsurance problem identified in 2013 by the Financial Services Council, the Trade Me study showed very little change four years on: While 88% had vehicle insurance and 74% had home insurance, only 51% had life insurance and just 41% health insurance.

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Ease Life Insurance Brokers: Helping you with whatever life brings.

Living life is a risky business, especially in New Zealand. As any of the life insurance brokers at Ease will tell you, it’s important to prepare as much as possible for whatever life throws at you.

Despite being a developed, Western society with enviable civil defence and dependable infrastructure, Lloyd’s of London found New Zealand to be the second riskiest country in terms of their non-life underinsurance and insurance take-up rates.

It begs the question: how we can be “at risk” of disaster as a country known for overcrowding, vulnerable infrastructure and tropical cyclones? Put simply, geographical placement. Our islands straddle the tectonic plate boundary known as the “Ring of Fire”, complete with volcanic eruptions and earthquakes. Furthermore, our latitude is firmly within the “Roaring Forties”, which only intensifies rain, snow, drought and wind. Together, these natural factors pose a potent risk to long-term planning.

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The necessity of involuntary redundancy insurance

More than 1 in 10 of private sector employees under a collective employment agreement do not have any redundancy pay. This number of private sector employees on collective employment agreements (CEAs) walking away with nothing has doubled since 2009 when this was only 5%. According to Victoria University’s Centre for Labour Employment and Work, many people aren’t even covered by CEAs. For those employees under an individual employment agreement, entitlements to redundancy money are rarely present.

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Has your healthcare insurance policy been stripped of funeral insurance?

It is reported that 800,000 New Zealand healthcare insurance policy owners have been stripped of insurance funds set aside to cover funeral costs.

This funeral allowance benefit was removed by Southern Cross. This was not the only benefit that was scrapped from the health insurance policy. A public hospital cash allowance and surgical procedure for sleep apnoea was also removed.

Funeral Insurance Cover, Life Insurance, NZ Insurance Company

When does Southern Cross’s funeral insurance benefit change to the health insurance policy come into effect?

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No will and no life insurance coverage? Who will look after your family when you’re gone?

Around half of New Zealanders don’t have life insurance coverage or a will.

1500 people pass away each year without life insurance coverage, and without a will to give direction. That’s a lot of people who could pass without having their final wishes carried out.

Katrina Shanks, chief executive of Financial Advice New Zealand, said Kiwis had little financial resilience when things go wrong.
“Debt levels are high; the cost of living is high; savings are low and so are the number of Kiwis covered by life insurance, or with a plan in place for their financial future.”
Shanks said too few Kiwis sought financial advice which could help them keep afloat when life events hit.

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Redundancy Cover Insurance – Fast Redundancy Insurance Quote

Redundancy Cover Insurance – How to Protect Yourself Against Financial Uncertainty?

Redundancy cover insurance policies are essential for most employees. Every year, thousands of workers in all sorts of industries are made redundant. This can come about as a result of businesses downsizing, restructuring, outsourcing work overseas, embracing automation or simply closing down. No matter what the reason, an involuntary redundancy can be a tough thing to have to deal with, especially if one hasn’t had the foresight to take out redundancy insurance.

Are you prepared for redundancy?

To make matters worse, a redundancy often takes people by surprise and they find themselves unprepared to deal with the situation. As a result, they are left facing the very unpleasant, often frightening reality of not having a reliable income to cover life’s necessities for what could be a very uncertain length of time. In the meantime, however, while they struggle to find a new job, expenses pile up.

Of course, no-one wants to find themselves in a situation where lack of proper preparation for the possibility of a redundancy forces them to have to take drastic action, such as selling the family house and undoing years of hard work, simply in order to survive.

Is it possible to protect yourself against unexpected redundancy? The short answer is yes – by taking out involuntary redundancy insurance beforehand.

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