Get Insured for Disablement

According to a recent report by the Financial Services Council, New Zealand is one of the lowest countries to seek insurance. Out of 31 developed countries included in the study, New Zealand has the third lowest rate of insurance.

But would happen if suddenly you were no longer able to meet your financial commitments? This eventuality of not being able to pay your bills or keep up with the mortgage payments might not even be sudden, but instead,a gradual process, as is the case for most people.

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What Can I Use Trauma and Critical Illness Insurance Cover For?

Nobody likes to think about being diagnosed with a critical illness like cancer or being struck down by a sudden medical emergency such as a heart attack. However, even if we’re generally healthy and take care of ourselves, the truth is, any of us can be affected by one of the most difficult curve balls that life can throw at us. Nothing can take the stress and pain out of dealing with a major medical condition, but by making sure you have the right trauma and critical illness cover in place, you can at least take the financial burden away from your loved ones and yourself at what would already be an extremely difficult time. Different people require varying levels of cover and each policy is different, but investing in this addition to your health insurance will give you the peace of mind of guaranteeing a lump sum cash payment that you can use to cover many different essentials should you find yourself in this situation.

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Why Redundancy Protection Cover is a must

If you’re in full time or part time employment in New Zealand and have income protection insurance, you may be under the impression that you are covered in the case that you are made redundant. Unfortunately, this is not how it works. When you take out income protection insurance it is to protect yourself, in case of a period of illness or injury where you are not able to work. In this circumstance, it will provide you for up to 75% of your earnings for a certain period whilst you are not working but it won’t protect you if you find yourself unemployed.

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What You May Not Know About Mortgage Protection Insurance

What exactly is mortgage protection and why do you need it? Mortgage Protection Insurance is a form of life assurance cover. In the event of your (or your spouse’s) death, this insurance will clear your mortgage. If you are applying for a mortgage with a bank, the bank will insist that you take out mortgage protection insurance. It’s a necessary evil, but often is an unexpected expense when you’re already stretching funds to meet the cost of a new house and the mortgage associated with it.

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Why Every Working Adult in New Zealand Should Have Income Protection Insurance

Nobody likes to think of the worst-case scenario, but what would you do if your income suddenly stopped? While you might be able to live off your savings, or scrape by on your partner’s income for a while, how would you cope in the long term? Sadly, it’s a dilemma that many New Zealand families have to face when an illness or injury takes them out of the workforce for a long or short period, and that’s why, for peace of mind, you need a back-up plan.

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6 Reasons Why You Should Use an Insurance Broker

Insurance is a fact of most adult lives, just like death and taxes. If you have a home, it’s likely insured. If you have a car, you need car insurance. If you want to buy insurance, it’s easy to pick up the phone and arrange it right away, anywhere in New Zealand, as long as your phone is connected. But with all the insurance companies out there, how do you know what policy is right for you?

Getting the wrong insurance at least costs you money and at worst, it can mean that you’re not covered for exactly the situation you were trying to cover. Therefore, it makes sense to get an insurance broker, who deals with it everyday, rather than try to decide yourself when it’s something you’re likely to do, last minute, when a premium comes up for renewal. Here are 6 reasons why it pays to get an insurance broker.

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Expecting a Baby? Here’s Why You Should Sort Out Your Life Insurance

When you find out you’re going to be a parent for the first time, it’s an exciting period, but it’s also slightly scary. After all, you’ll have a responsibility to your child for the rest of your life, and an obligation to look after them. That’s why many parents worry about what might happen if they were to die, and this is often a catalyst for them looking for life insurance. Whether you’re the main breadwinner, or planning to be a stay at home parent, here’s why you should arrange life insurance before your baby arrives.

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How much life insurance do I need

How Much Life Insurance Do I Need

I know I need Life Insurance, but how much life insurance do I need ? figuring out how much life insurance I need can be confusing.

There are a few factors to consider when asking how much life insurance do I need.

At the most basic, there is a minimum amount of life insurance I need so I can make sure those left behind avoid a struggle. Beyond that, I really can’t have too much insurance, so I will add more as I can afford it.

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How much is redundancy insurance

A common misconception is that Redundancy Insurance  is a very expensive type of insurance. However  the price of Redundancy Insurance will vary depending on how much insurance you arrange.

Most insurance companies will only allow you to take out redundancy insurance protection if you also have sickness and accident income protection.

The additional cost of adding redundancy protection isn’t alot, and there are good reasons why you should also combine any life insurance you have or need into the redundancy income protection policy.

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