Life & Health Insurance

Life Insurance
 

Life coverage provides a one-time payment in the case of a terminal sickness or death. For those who rely on you, it offers financial security. If you pass away, it makes a one-time cash payment. The amount of coverage required is customized to meet your unique requirements. Those between the ages of 16 and 75 are eligible to apply for life insurance. There isn't a limit to the amount of coverage, but it is contingent upon a medical and financial evaluation.

Trauma Insurance

Trauma coverage will pay out on a predetermined list of certain ailments, which will be decided upon at the time your coverage is implemented. If you are diagnosed with one of 47-70 specified critical illnesses or injuries, you will receive a one-time full or partial lump sum payment depending on the diagnosis or severity of the listed critical conditions. Having the right policy in place could lessen much or all of the financial burden when you are faced with a traumatic health crisis, which may drive you to reevaluate your priorities. We are well aware of how crucial this level of support is during such a trying time, and our highly skilled advisors put out great effort to customize the best trauma coverage for their clients and then accompany them throughout the claims process.

TPD (Total & Permanent Disability) Insurance

Total and permanent disability cover provides a lump-sum payment should you become totally permanently disabled and be unable to work as a result of an accident or illness. A claim will only be paid if you suffer the specified condition, to the level stated in your policy document, where the conditions have a 13-week wait period before cover is in place and a claim could be paid.
 

You need to cover the shortfall from income as a lump sum emergency fund, which contributes toward dependents' education costs; debt repayments as an income replacement for the time; treatment costs; upgrades to homes, etc.; and pre-funding your retirement plans.

Income Protection Insurance

Income protection can significantly impact your life, enabling you to maintain the lifestyle you had prior, even if you are unable to continue in your previous profession, rather than merely surviving until you are fit to return to work. Consult with one of our highly skilled advisers to assist you in determining the appropriate insurer and policy that suits your needs. Knowing that an insurer will step in to assist pay your expenses and keep your roof over your head is a tremendous relief when you could be out of work for several months. Depending on the income protection insurance you select, you will either receive a payout based on the amount you were making before to having to quit your job or an amount you have agreed upon with an insurer. 

When you are unable to work, either temporarily or permanently, income protection plans help keep money coming in. You're much more likely to miss work due to illness, even though New Zealand is fortunate to have robust ACC coverage (80-100% of your monthly salary) in place for unintentional accidents. Once your sick leave expires, you're often on your own in that scenario.

Mortgage Protection Insurance

Mortgage protection comes in handy when you need to cover the shortfall from income as a monthly emergency amount, which contributes toward your mortgage repayments and household expenses as an income replacement for time to recover. This scheme provides you more assured monthly financial security on top of 80-100% of ACC coverage, and allowing you to continue the lifestyle you enjoyed before, even if you can no longer pursue your same career, rather than simply subsisting until you can recover enough to get back to work.

This amount can help towards the costs of replacement of 1 or more months of your income, mortgage repayment, or paying off regular expenses.

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  Accidental Injury Insurance 

   

  Accidental Injury cover provides short-term financial support while recovering from an accidental injury. This amount is to help towards the costs of replacement of 1 or more months of your income.
   

Redundancy Insurance
 

Redundancy cover provides crucial short-term financial support if you are involuntarily laid off, typically paying a monthly benefit for up to 6 months to cover mortgage, rent, and living expenses. Often added to income protection, it ensures financial stability and allows flexibility to find a new job.

Premium Waiver Insurance

Premium Cover provides a financial safety net should your income be compromised and you be unable to pay your insurance premiums.

This wait period has been chosen because it takes away the burden of paying premiums or contributions when a life assured is unable to work due to total or partial disability—saving them money when they need it most.

Health Insurance
 

You can get qualifying medical treatment quickly, avoid public hospital waiting lists, and have more choice over when you have treatment. You want the medical insurance to cover the hospital expenses, surgery, specialists’ consultations, non-pharmac drugs, excess, etc.