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Personal Insurance

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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What is Income Protection Insurance?

WHAT IS INCOME PROTECTION INSURANCE? Income Protection Insurance will replace your income when you are unable to work because of sickness or accident and is normally it is paid as a monthly benefit. It’s designed to ensure that you can still afford to meet your household expenses and financial obligations while you are unable to work, and will continue to do so until your policy expires or you can return to work. HOW DOES INCOME PROTECTION INSURANCE WORK? Regardless of whether you have an accident at work or away from work, or a sickness stops you from working, money is [...]

2017-04-26T09:28:40+12:0026/04/2017|Categories: Blog, Income Protection, Personal Insurance|Tags: , , , , |
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Getting the best ACC Cover

If you are self-employed, then choosing the correct ACC Cover is vital for own personal long term protection.  Most of us will just accept the default option or not consider the longer-term benefits of each ACC Cover Option. Did you know you have two ACC Cover options? That's right, there are 2 very important and distinctive ACC Cover options for self-employed.  Each option does its own job and works in a different way at claim time. What you get from your ACC Cover at claim time depends on what you do now and how you set it up. What you [...]

2015-08-21T23:47:51+12:0021/08/2015|Categories: Blog, Business Insurance, Income Protection|Tags: , , , |
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Making your insurance claim smoother

Making your insurance claim go smoother would make our lives easier, and less stressful at a time where we already may be emotionally charged. Often we have a number of complimenting insurance policies to cover a number of risks, events and conditions that are particular to our needs. We want to make sure that when we need to claim, that it is not a paperwork nightmare and that we do not get caught up talking to different people and companies for the same insurance claim. In my business I will quite often bundle policy benefits together to make it [...]

2021-02-13T12:40:48+13:0020/06/2015|Categories: Blog, Personal Insurance|Tags: , , |
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How likely are you to claim your life insurance?

  How likely are you to claim life insurance? Insurance is about managing risk.  It's a simple concept where many people pool funds together and then funds are paid out to people who need it.  With so many people contributing to such a large pool of funds, there needs to be a line drawn in the sand of who gets paid these funds and when.  This is where policy wording determines and defines what is fair and what is not and who gets paid and who may not.  It simply cannot be a free for all "everyone gets paid all [...]

2015-06-07T00:06:04+12:0007/06/2015|Categories: Blog, Life Assurance|Tags: , , |
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Comprehensive mortgage insurance

Mortgage Insurance This cover can come with a number of optional add on benefits which I touched on in another article.  In this article I a want to help you understand some of the differences and in what situations you should consider adding optional benefits on your mortgage insurance. The basic cover normally consists of two core benefits, and the simple explanations are as follows; Life Cover: In the event of your death the insured amount is paid to the lender to repay the full balance of the mortgage (assuming that your cover is the same or greater than than [...]

2015-05-30T09:10:24+12:0030/05/2015|Categories: Blog, Home Loans, Mortgage Finance, Mortgage Repayment|Tags: , , , |
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Questions you should ask your Health Insurance provider

Health Insurance may be seen as a luxury more than a necessity, but according to healthfunds.org.nz more than 32% of New Zealanders have private health insurance.  I think this is considerably high, especially if most of us see it as a luxury.  Maybe now, it is no longer a luxury but fast becoming an important part of preserving our quality of life. Why we do we have Health Insurance? Everyone will have their own reasons.  Maybe it's the thought of being on a waiting list to get surgery or not getting that personal level of attention (and privacy) you may [...]

2015-05-24T03:39:22+12:0024/05/2015|Categories: Blog, Health Insurance|Tags: , |
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How mortgage insurance works

Mortgage insurance comes in a number of variations and it is important to understand these variations.  You need to understand what you are covered for and what you are not covered for. You should talk to your adviser and find out what are the optional extras are which can be included but may not be in your current cover. Mortgage Repayment Insurance Normally, there is a base cover which is a life insurance benefit, so in the unfortunate event of death of the person (or persons) insured, the insurer will pay the insured amount to the lender and hopefully the insured [...]

2015-05-01T23:06:06+12:0001/05/2015|Categories: Blog, Home Loans, Mortgage Finance, Mortgage Repayment|Tags: , , , |
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Disability Income Protection Explained

Income protection products replace some of your income if you become too disabled to work, and you remain disabled for longer than your chosen waiting period. You do not need to be permanently disabled to claim on a disability income protection product; periods of temporary disablement are also covered - in fact most claims against disability income products only last for a relatively short time period. The good news is that even when you have recovered sufficiently to return to work, the cover remains in place in case you have a recurrence of your previous disability, or even suffer a [...]

2015-01-09T00:49:39+13:0009/01/2015|Categories: Blog, Income Protection, Personal Insurance|Tags: , |
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Life Assurance

Life doesn’t always go to plan. You may think ‘it will never happen to me’, but the reality is some of us will die unexpectedly, leaving family and loved ones behind, life assurance is not normally for the insured person, it's for the one/s they leave behind. When others depend on you Have you made plans to ensure your family or business can survive without you? Could your family cope with paying the monthly bills or making mortgage repayments without your salary? Could your business continue without your input and expertise? Food for thought. On average there is one death [...]

2014-06-27T01:50:14+12:0027/06/2014|Categories: Life Assurance, Personal Insurance|
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