Personal and Family Risk Protection
LIFE INSURANCE
Life insurance helps make sure your loved ones are taken care if you are no longer here to provide for them.
The amount of cover you require is specific to your circumstance. We can help you calculate how much your family will require.
The areas most people want funding for include funerals, mortgages, clearing debt, children’s tertiary education, and providing an ongoing income for their spouse and/or children.
INCOME PROTECTION
Your greatest asset is your ability to earn an income.
If you had an accident or suffered a major illness and were unable to work, where would the income for you and our family come from? Would your partner be able to compensate for your lost income by working more, or entering the work force?
Four out of ten males and six out of ten females are likely to be off work for 30-90 days due to an illness or accident before they turn 65.
ACC does not pay out for illness such as heart attack or cancer. It only pays for accidental injuries.
TRAUMA COVER
Trauma cover pays you a lump sum in the event of you suffering any one of over 50 major illnesses or critical conditions. If you had just been diagnosed with cancer, or suffered a heart attack, would you prefer a get well card, or a cheque for $500,000?
Suffering a major illness is devastating in any circumstances, but the burden and recovery will be greater if your financial security is also put at risk.
Historical data indicates that a person suffering from one of the four major illnesses (heart disease, heart attack, cancer or stroke) has nearly 50% chance of surviving for up to 10 years. However, in many cases, a person’s capacity to work will be dramatically reduced, resulting in serious lifestyle changes, major adjustments and additional expense
TOTAL PERMANENT DISABLEMENT
Permanent disability insurance can provide a lump sum payment in the event that you become totally and permanently disabled and you’re unable to work.
This form of cover gives you the flexibility to reduce debt or pay for the things you’ll need for a better quality of life. You may even need to make adjustments to where you live, or re-assess your partner’s ability to work while caring for you.
HEALTH INSURANCE
When people say nothing is more important than your health - they're right.
The New Zealand public health system provides outstanding care for acute conditions, which can hit all of us without warning.
Unfortunately, the public health system does not have sufficient funding to ensure people with non-acute conditions can be treated swiftly enough to prevent the condition from causing unnecessary long-term discomfort.
With private health insurance, you are in control.
The right kind of health insurance provides you with more options, and the freedom to select the best specialists and the best hospitals.
You and your loved ones can avoid a huge waiting list to receive essential treatment.
MORTGAGE PROTECTION
Anyone that has a mortgage can cover up to 45% of their income under this type of cover. It allows you to claim the full monthly benefit even if you are receiving support from ACC or a sickness benefit, so if you have a long term injury or sickness this type of cover is ideal to have in combination with a top up of income protection.