Business Risk Insurance
Business risk insurance is an important part of managing the financial risks. As a business owner, you know what it takes to build a business and what’s even more important, to build a profitable one. New Zealand is made up of 97% of small business owners who employ 20 staff or less and 70% of them are single worker businesses and that 25% of small businesses fail in the first 3 years. I’d like to make a point here and that is most of our small business owners are single worker businesses which mean no one else is creating income [...]
Health Insurance Options
There are quite a few health insurance options as well as insurers who provide private health cover. For those who want to know the difference between health insurance and medical insurance is; the answer is nothing, they are both the same. It's just that some companies called it health insurance and some call is medical insurance. What health insurance options do I have? Several companies provide health insurance, but firstly, it's important to understand what cover you want, then find the insurer who will give you the right protection at a premium that you are prepared to pay. Base Cover: [...]
Best mortgage repayment insurance
BEST MORTGAGE REPAYMENT INSURANCE The best mortgage repayment insurance depends on what your needs are. Mortgage repayment insurance is one of the more popular insurance products purchased (aside from home, contents and car insurance) because it provides security in meeting your mortgage repayments in the event of sickness or accident. There are three sources of mortgage repayment insurance. You can buy it over the counter from a bank, sometimes directly with an insurer or use an adviser who usually can provide more than one option. HOW DO BENEFITS VARY? The difference between mortgage repayment insurance products can differ substantially, but [...]
Level Premium Life Insurance
Level Premium Life Insurance is the better financial choice over the longer term. The main reason is that level premium life insurance starts off at a higher premium but does not increase each year. Premiums are typically guaranteed and fixed for the specified term. Level Premium Life Insurance If you plan on keeping your life insurance for longer than ten years, then you should seriously consider Level Premium Life Insurance in whole or part of your cover. You may not have the budget for all of your cover to be on a Level Premium, but you should look at having [...]
Best funeral insurance
Who has the best funeral insurance is a relative question because it depends on a couple of factors. It depends on who you are insuring, how old they are and their current health status. Some people ask for funeral insurance, but after asking questions, all the wanted was a small amount of life cover. Funeral insurance is a specific type of protection with limitations, and my advice is, if you can get Life Cover, then I think you are better off. So what's the difference? The difference between the best funeral insurance and life cover is that in most cases [...]
Understanding your life insurance policy
Recently AMP declined a Life Insurance Policy claim from a client where insurance benefits were part of his remuneration. In an article posted by Newshub, AMP has declined a critical illness claim of $450,000 because when the employee left his employment his insurance benefits stopped. Within two months after he left his employment he was diagnosed with terminal oesophageal cancer and now Andrew Porteous has weeks to live. The hope here is that a company called Litigation funder LPF Group is taking his case on the basis that he did have cancer while he was employed, it just was not diagnosed. I really [...]