Income Protection

Major Surgery Insurance

When thinking about major surgery insurance, you may immediately think of health insurance also known as medical insurance, but there are complementing products you may want to consider at the same time should the need of major surgery arise. Most of us have heard about waiting lists and people waiting for major surgery, only to have that list grown and surgery wait times extended. A recent example is the Waikato DHB who have a growing waiting list of cardiac treatment and surgery.  You would think that such a serious condition requiring cardiac surgery would be immediate care, but our health [...]

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: , , |

Disability Insurance

Disability Insurance Disability insurance can mean different benefits, depending on the insurance solution you use.  There are disability insurance solutions that will pay you a lump sum benefit, and there are some that will pay you a monthly benefit, and there are some that will pay you a combination of both. In the context of this article, I will be talking about Income Protection also known as disability insurance and the fine print around claiming a partial disability benefit. What is Partial Disability? Partial disability is where you have to work lesser hours because of sickness or accident, that usually [...]

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 [...]

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 [...]

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: , , |

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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