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bigplanswm

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So far bigplanswm has created 74 blog entries.

What will ACC pay for

What will ACC pay for is a very popular question and we need to understand what it will pay for and even more importantly, what it will not pay for.  There are limits to this cover and as obvious as it sounds, it is for Accident Only. Accident Only Income Replacement We have to acknowledge the place ACC plays in our lives as New Zealanders and how fortunate we are compared to other countries such as the United States.  However it is restricted to Accident Only and does not pay for being unable to work when you are too sick [...]

2021-05-04T12:26:03+12:0004/05/2021|Categories: ACC, Blog|
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Small Business Insurance

Some insurers provide specialist Small Business Insurance cover specifically for small business owners to pay for business expenses such as business debts, fund partnership buyouts and in some cases, you can insure a x (times) factor of your key person salary. The scope of this article is not to provide any business advice, but to help you understand how you can use innovative insurance products to provide capital if the need to buy out a business partner in the event of death or disability of that business partner. Death of a business partner. Apart from the emotional loss and the [...]

2021-05-03T11:58:27+12:0003/05/2021|Categories: Blog, Business Insurance|Tags: , , |
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Cancer Insurance

Cancer Insurance cover will pay you a lump sum if you are diagnosed with certain kinds of cancer, and in some cases there is also cover for gender specific cancers. We are fortunate in New Zealand to have such a free medical system, but that does not mean it is perfect with all the funding it needs. With an ageing population it may be fair to say that there is going to be more strain on funding for medical services as our population gets older. A headline in the New Zealand herald online on 21st December 2020 was as follows; [...]

2021-02-23T09:33:45+13:0023/02/2021|Categories: Blog, Trauma Cover|Tags: , , |
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Mortgage Repayment Insurance

Mortgage Repayment Insurance The benefits of having mortgage repayment insurance are well worth the premium charged to have such comprehensive cover. This type of insurance solution is very simple when in comes to assessing how much you get paid at claim time, because there are no other offsets if you are being paid ACC or any other benefit for the same disability. Unlike income protection cover, mortgage repayment insurance is generally not measured by the amount of income you earn, but rather how much your mortgage repayment is. The monthly benefit is generally not assessed as taxable income, but as [...]

2021-01-20T10:11:26+13:0020/01/2021|Categories: Blog|
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Finding a financial adviser

Finding a financial adviser who can understand you is important but also one that fits as far as personalities go is just as important.  Have you ever worked with someone good at what they do but cannot connect with people? Some personalities clash, and some just click, so find one that clicks with you. These days financial advisers have to register as a financial adviser and are regulated by the Financial Markets Authority (FMA).  The first thing you should do when finding a financial adviser is to check the FSPR (Financial Service Providers Register) website to make sure that your [...]

2020-12-21T21:18:28+13:0021/12/2020|Categories: Blog|
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Funeral Insurance

Funeral Insurance Options This has got to be one of the most easy to understand insurance policies when it comes to what you are covered for and how much you pay in premiums. Funeral insurance is generally limited to smaller insured amounts, designed to pay for the last such as funeral costs, but could possibly be used for minor last expenses as well, such as legal costs. How Funeral Insurance Works You can choose an insured amount and the maximum amount may be different with different insurers. The unique part about Funeral Insurance is, if the person insured dies within [...]

2020-11-14T20:11:25+13:0022/10/2020|Categories: Blog, Life Insurance|Tags: , , , |
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Health Insurance

Health Insurance Health insurance, how does it work and when you would need it.  This article will explain what it is, how it works and some examples where you would be glad you had it. This is private insurance where you pay a small premium to the insurer, and they will pay for the big private medical costs outlined in their policy document.  What types of costs insurers pay for and how much they pay can be very different from each other, which is why you should always talk to us first. One of the more popular form of Health [...]

2020-11-14T21:01:26+13:0023/09/2020|Categories: Blog, Health Insurance|Tags: , , , |
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Cheaper premiums for life insurance

Cheaper Premiums for Life Insurance All of us want cheaper premiums for life insurance; it's only human nature to want to pay as less as possible but get as much as possible.  You may think that $50.00 is cheaper than $75.00, but what if I told you it is not? We often equate a lower price as being cheaper, but that is not always the case.  What you see in this example is a Price, but over time there is a Cost, but lowest Price does not always mean lower Cost, therefore is it cheaper. Price vs Cost Let's look [...]

2020-11-14T21:06:29+13:0024/08/2020|Categories: Blog, Life Cover, Life Insurance|Tags: , |
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Loss of Income

Loss of Income can spell financial disaster for our household.  Think for a moment about COVID-19 and how that has affected most Kiwis because most of us simply do not have the financial reserves to meet our financial commitments if our income stops.  Maybe you've been affected recently and know what it is like to experience a loss of income. Government Assistance Fortunately, there has been some Government assistance for employees and self-employed, and if it were not for that, your financial situation could be much worse.  Your employer would have received income from the Government to help pay your [...]

2020-11-15T22:07:57+13:0024/07/2020|Categories: Blog, Income Insurance|Tags: , , , |
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Trauma Cover for Men

Trauma Cover for Men There is no specific trauma cover for men, but there are conditions that only men get such as testicular cancer which is covered with Trauma Cover.  Trauma Cover will pay the insured amount if the person insured is diagnosed with, or suffers a severe medical condition covered by the insurer. The number of conditions depends on the insurer and whether you have basic or comprehensive cover. There are specific insurance benefits that provide trauma cover for men and specific benefits for women. Still, the scope of this article is to talk about what insurance coverage is [...]

2020-11-15T22:12:40+13:0022/06/2020|Categories: Blog, Trauma Cover|
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