income insurance

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 [...]

Income Insurance Agreed or Indemnity?

When it comes to Income Insurance, the fine print matters, here are a few key areas to consider when getting your Income Insurance sorted. GET AN AGREEMENT FROM OUTSET There are a few policy types but you can bring them down to three core categories which are Agreed Value, Indemnity Value and Loss of Earnings but in this article, we will look at Agreed Value and Indemnity Value. Firstly, an Agreed Value policy means that you and the insurer agree to an insured amount when you take the policy out, so at claim time you will not have to prove [...]

2019-05-20T12:35:01+12:0020/05/2019|Categories: ACC, Blog, Income Insurance|Tags: , , |
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