PROTECT WHAT'S IMPORTANT:
PERSONAL INSURANCE
LIFE INSURANCE
Life cover provides a lump sum of funds in the event that you pass away. This is an important cover for families and businesses with multiple shareholders. You can keep life insurance in place for as long as you need it. Your cover can be level, or go up each year with the Consumer Price Index.
You have the option to choose premiums that increase with your age (Annually Renewable) or choose to fix it for a specified term, e.g. 10 years, or until you turn age 65 or 80. Many life insurance policies will pay out some or all of the sum insured early if you are diagnosed with a terminal illness.
You have the option to choose premiums that increase with your age (Annually Renewable) or choose to fix it for a specified term, e.g. 10 years, or until you turn age 65 or 80. Many life insurance policies will pay out some or all of the sum insured early if you are diagnosed with a terminal illness.
TRAUMA OR CRITICAL ILLNESS INSURANCE
Critical illness policies pay a lump sum of money if you’re diagnosed with one of the illnesses or injuries listed on the policy such as cancer, kidney failure, heart disease, paralysis, etc. This cover can be used to pay for whatever you and your family need during a difficult time. This could be covering medical expenses, extra help at home, or allow you to take time to recover without worrying about your regular bills.
DISABILITY OR INCOME PROTECTION INSURANCE
One of your greatest assets is your ability to earn an income. Income Protection insurance pays you a percentage of your income if you are ill or injured, and unable to work. There are various types of Income Protection insurance available, and they have different tax implications, so it is really important to get some advice about what type of cover is best for your personal situation.
MORTGAGE REPAYMENT INSURANCE
Mortgage Protection insurance is specifically designed to protect your mortgage repayments in the event that you cant work due to illness or injury. Unlike Disability Income policies, the percentage paid is linked to your mortgage repayments, not your income.
TOTAL AND PERMANENT DISABILITY (TPD) INSURANCE
This cover is paid as a lump sum if you are totally and permanently disabled and unlikely to ever return to work again. There are two types, ‘Any Occupation’ and ‘Own Occupation’, and as with Income Protection cover, it is important to get some advice about which product is best for your circumstances.
HEALTH & MEDICAL INSURANCE
Having personalised Health Insurance in place can be invaluable. Health insurance takes care of your medical bills, and provides you with faster access to private medical care when you need it.
Our public health system and ACC do a great job of supporting people who require urgent medical attention. However, relying on the public system for conditions that are not urgent can result in long wait times and delayed treatment.
Health insurance removes the worry around unexpected medical bills so you can focus on getting the right treatment and start your recovery sooner.
Our public health system and ACC do a great job of supporting people who require urgent medical attention. However, relying on the public system for conditions that are not urgent can result in long wait times and delayed treatment.
Health insurance removes the worry around unexpected medical bills so you can focus on getting the right treatment and start your recovery sooner.
