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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 [...]

2018-06-21T11:42:14+12:0021/06/2018|Categories: Blog, Business Insurance|Tags: , |
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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: [...]

2018-05-20T18:22:34+12:0020/05/2018|Categories: Blog|Tags: , |
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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 [...]

2018-04-22T23:41:45+12:0022/04/2018|Categories: Blog, Home Loans, Mortgage Finance, Mortgage Repayment|Tags: |
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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 [...]

2018-03-20T11:39:10+13:0020/03/2018|Categories: Blog, Life Assurance|Tags: , , |
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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 [...]

2018-02-20T10:27:48+13:0020/02/2018|Categories: Blog, Life Insurance|Tags: , |
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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 [...]

2018-01-21T12:07:27+13:0021/01/2018|Categories: Blog, Personal Insurance|Tags: , |
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When to buy Life Insurance Online

Technology makes our life easier (well it’s supposed to!) and we can now access goods and services that we never were able to a decade ago or even last year for that matter. Everything seems to be coming online and purchasing Life Insurance Online is no different, but my answer to that question is...NEVER! There are companies who have substantial client bases such as The Warehouse, and Countdown who are moving in on an area which is normally for registered financial advisers and the insurers themselves. Personally, I don’t think banks should even sell Life Insurance products, they should stick [...]

2017-12-20T09:19:21+13:0020/12/2017|Categories: Blog, Life Insurance|
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How life income cover works

WHAT IS LIFE INCOME COVER? Life Income Cover is a unique financial solution, especially when it comes to financial planning and assessing how much someone should be insured for.  The answer is subjective and depends on what your current and future financial commitments are as well as your priorities and budget. During this risk assessment process, it is common to hear that you should be insured for millions, especially if you want to leave your surviving spouse and dependents the household income you were generating. Life Income Cover is a great solution and can form a very important part of [...]

2017-11-20T14:00:25+13:0020/11/2017|Categories: Blog|
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Key Person Insurance

What is Key Person Insurance? Key Person Insurance can protect one of the most valuable assets a business owner can have which is a Key Person.  This is the right person in the right role who creates a substantial portion of your business revenue, but it can take precious time and money to find the right person for your business. You may even need to go through a few employees to find the right person, and getting them up to speed on your business. The payoff is, once the right person is up to speed, they can become an asset [...]

2017-09-19T23:13:05+12:0019/09/2017|Categories: Blog|Tags: , , , |
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Funeral Insurance

Funeral insurance can help alleviate the financial burden on surviving family members, and extended family members. Quite often I will hear of the family pitching together financially to help raise $10,000 or $20,000 to pay for a funeral and other costs such as legal, last debts.  It puts a strain on family members in an already tough time emotionally as for same it adds to the financial burden of having to travel and time off work. This type of burden can be avoided by getting basic funeral insurance, because at the end of  the day, someone will pay for it. [...]

2017-08-20T11:11:29+12:0020/08/2017|Categories: Blog|Tags: , |
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