Benefits
The Benefits of Impartial Advice
Perhaps more than ever it is important to get sound, unbiased advice on what insurance and financial products you should have. As independent advisers, we can offer you unbiased insurance and financial advice and recommend the most suitable products.
We act on your behalf and have access to all the products on the market. Our job is to research and recommend the most appropriate insurance and financial solutions after considering your circumstances, goals and attitudes to risk.
Areas of Advice
Business & Personal Insurance
If you are confused about the different types of personal insurance, then the following is intended as a very brief guide:
Life Insurance
Life insurance, quite simply, pays a lump sum of money in the event of death. It is vital if you have dependants, a mortgage, or if your death is going to impact on someone else financially. If your death isn't going to impact on anyone financially you probably don't need life insurance or you will only need a minimal amount.
Critical Illness/Trauma Cover
With this type of insurance you can choose a lump sum that will be paid to you in the event of your suffering a critical medical condition or trauma. The conditions covered will be listed on the plan.
While you may survive the trauma, you may be unable to return to work and would therefore suffer a reduction in your standard of living. This kind of trauma event is relatively common, but is not usually covered by the ACC.
With modern medical advances, this means that more and more people are surviving major traumas.
Statistics show that 2 out of 5 males and 1 out of 4 females over the age of 30 will suffer a critical illness before they reach 65. These statistics also how that 60% of cancer suffers will survive at least 5 years from diagnosis.
With this type of insurance you can choose a lump sum that will be paid to you in the event that you're unlikely ever to work again - totally and permanently disabled.
Business Cash Flow and Income Protection
Cash Flow protection insurance provides an income stream in the event that accident or illness leaves you unable to work. In New Zealand, if you are incapacitated through accident, you are protected by ACC. The accident compensation scheme generally covers you for treatment of personal injury but ACC expressly does not provide cover against illness.
Along with your health, your ability to earn an income is probably the most important asset you have right now. What would you do if a serious illness or accident stopped you from working for the next couple of years - or longer? How long would you last if you were unable to work, and who would this affect?
