| Benefit | What? | Why? |
|---|---|---|
| Life Insurance cover | A lump-sum payment in the event of death or terminal illness | This lump-sum can help reduce debt, pay for final expenses, create an investment fund to generate ongoing income, enable business ownership to be restructured or provide an inheritance or donation, amongst other things. The purpose of the funds is entirely yours to decide. Click here for more detailed information. |
| Life Income Cover aka Survivor’s Income Cover | A regular monthly payment (temporary or permanent) in the event of your death or terminal illness | Provides a regular monthly income for those who depend on you. This is an ideal complement to lump-sum insurance. Click here for more detailed information. |
| Mortgage Repayment Cover | A lump sum or monthly payment to cover the cost of your mortgage if you are unable to work because of a disability or full repayment in the event of death or terminal illness. | Provides you with peace of mind knowing your mortgage will be paid and your home will remain secure. Click here for more detailed information. |
| Income Protection Cover | A monthly payment if you are unable to work because of a disability. Research confirms that a persons’ most important asset is their ability to earn an income. | The financial consequences of a disability or extended illness could be devastating for your lifestyle and those who depend on you. Income Protection provides a safety net by replacing a significant portion of lost income to help maintain your day to day expenses and other on-going costs so your current lifestyle is not compromised despite not being able to work. Click here for more detailed information. |
| Trauma Insurance Cover | A lump-sum payment if you suffer one of a number of listed conditions. | Covered conditions are by nature serious and potentially life threatening and, as a result, can have a significant financial impact. The lump sum can help reduce debt, purchase specialised equipment, rehabilitation, pay for home modifications, provide additional care, and create an investment fund to generate ongoing income or enable business ownership to be restructured, amongst other things. The purpose of the fund is entirely yours to decide.Click here for more detailed information. |
| Total & Permanent Disablement Cover | A lump-sum payment should you completely lose your ability to ever work again (or carry on your normal tasks, if you are not employed), as a result of illness or injury. | This lump-sum payment will give you financial freedom to control your own destiny; seek alternative treatment, get the help you need or replace a lost income. Click here for more detailed information. |
| Waiver of Premium Cover | Covers the cost of your premiums if you are unable to work because of disability, redundancy or bankruptcy. | Paying for your insurance will be one less thing you need to worry about during treatment or recover. |
| Health / Medical Insurance | Is used to offset the rising costs of health care by paying specified amounts. The two keys reasons you should consider private health / medical insurance are: waiting lists and drug funding. | When it comes to acute (emergency) services, the public health system in NZ is excellent. Unfortunately, you are unlikely to receive the same level of urgency if you are suffering from a non-acute medical condition, you could end up waiting months, sometimes years for surgery; in the meantime your life is on hold – you may be unable to work or even enjoy your social life. |
| Key Person Cover | Revenue replacement if a key person is disabled. An agreed monthly benefit for up to two years is payable. | In a business, one or two people may be key revenue generators. The survival of the business may be at stake if they are unable to work and hence generate revenue. Click here for more detailed information. |
| Rural Key Person Cover | Revenue replacement if a key person is disabled. | A farm cannot afford to stop operating in the event of a loss of a key worker. Rural Key Person Cover allows you to replace that person and therefore keep the farm ticking over. Click here for more detailed information. |
| Business Expense Cover | Allows you to claims the costs associated with the running of your business, if you are unable to work due to illness or injury. | Business Expenses Cover is designed for small businesses or partnerships. It allows you to claim the costs associated with the running of your business while you are unable to work due to illness or injury.Please note: Business Expenses Cover is unlikely to be available for businesses with more than 6 or 7 staff. Click here for more detailed information. |
| Funeral Fund | Pays an immediate lump sum on the death of the life insured. Ensures most, if not all, funeral expenses will be covered in the event of an unexpected death. | A ‘no worries’ approach to minimise the financial and emotional impact of an unexpected death. Funeral expenses have to be paid, usually well before estate settlement. Click here for more detailed information. |
| Golden Life Plan | A simple life insurance plan. There is only one question. You do not need to provide any evidence of good health. | By way of a level premium which you select, your insurance remains affordable providing certainty and simplicity. Click here for more detailed information. |
Content Protected Using Blog Protector By: PcDrome.