Unfortunately in life sometimes things go wrong, insurance is your way of protecting yourself and your family against the financial fallouts of minor mishaps or major disasters.
Call us today to discuss insurance options and prices, you may be surprised at how affordable insurance can be.
Life/Life Income insurance
Life insurance is mostly for your family rather than you personally. It means that in the event of your death, your family will receive financial assistance (either a lump sum or monthly payout). This means that on top of everything else they’ll be going through, at least they won’t have to worry about money.
Home and Contents insurance
Chances are, your most precious (and expensive) items are your house and the belongings within it. Home and Contents insurance covers you if your home is damaged or some of your belongings are stolen and is a must for homeowners and renters. The collective value of your possessions may be more than you think, so it pays to protect them.
Mortgage protection insurance
Mortgage Insurance will provide you with money to make your regular home loan payments, should you be unable to work due to injury or illness. If you are not able to work, and fail to make your mortgage payments, the results can be disastrous.
For many people, it is not until they suffer an accident or illness that they fully understand how financially crippling it can be. This cover takes away the devastation of potentially going into further debt or losing your home.
The purpose of medical cover (or health insurance) is to have the money to pay for treatment when you need it most. While New Zealand has free health care, private medical cover provides the funding to enable you to have private hospital treatment whenever you require more immediate access, or a broader range of treatment options than those available to you through the public health system.
Total and Permanent Disability (TPD)
Suffering from a disablement can be life changing not only for the person but for their family as well. The financial impact can be devastating as employment is often affected. Lump sum cover can help by repaying or reducing debt, providing medical assistance, providing additional help in the home, funds for the children’s education, and more. Your personal requirements and circumstances will determine what you need cover for.
Trauma/Critical Illness insurance
Suffering from a major trauma or serious illness can have an enormous financial impact. Many people aren’t aware that ACC don’t pay for critical sickness. This cover is to help ease the financial impact on you and your family by providing you with a cash payout that can pay for debt, medical costs, medical equipment and in-home help. You will need to meet specific conditions to be able to claim on this cover and each provider has different rules around this.
Income Protection Insurance
Chances are, at some point during your working life you’ll suffer an injury or illness that will cause you to take at least 2 months off work, ACC only covers injuries, so if you’re struck down with an illness (which is more common) you could find yourself facing financial hardship.
Talk to us at Kiwi Life Assurance about how you can make sure that money will continue to come in and your family will still be provided for if something happens to your earning ability.
These days redundancy can strike at any time so it pays to protect yourself. Redundancy insurance (sometimes called job insurance) will pay a monthly amount for up to 6 months while you look for another job.
Funeral insurance provides money to pay for your funeral so when the time comes your family will have one thing less to worry about. Funeral insurance pays a lump sum up to the amount you select. You can buy this policy without having to answer any questions about your health.
Don’t let one of life’s upsets cause you serious financial hardships, talk to us today and make sure you’re covered.