COMMON PRODUCTS
Life Insurance
Life insurance is there to help your family financially survive in the absence of your income. One of the key issues is determining what is a relevant amount of Life insurance or you could run the risk of being under or over-insured.
Trauma / Cricical Illness
This type of insurance pays you if you are diagnosed with a serious illness and survive 14 days.
there are different types of Trauma Cover that either pay you a % of the sum insured or a lump sum. At the Insurance Adviser, we will help you work through the options to work out the best solution for you..
PROGRESSIVE CARE - MULTI-TRAUMA - MAJOR TRAUMA
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ACCELERATED Vs STAND-ALONE
Income/Mortgage Protection
This type of insurance pays you if your GP says that you are unable to work because of Injury or Illness.
It pays you after a waiting period that you can determine and pays you for a claim period that you also determine.
This type of insurance can be taxable or nontaxable, offset by ACC or not offset. They key is to talk to us to work out what is the best solution for you.
Total & Permanent Disability (TPD)
TPD pays you a lump sum if you are unable to ever work again.
You need to be off work completely for 90 days before you can apply for this benefit.
There are two types of TPD (ANY or OWN Occupation) the key is to decide what is best for you.
OWN OCCUPATION - ANY OCCUPATION
AGREED VALUE - INDEMNITY - LOE - LOE PLUS - MORTGAGE
Accidental Injury
This cover pays you if you fracture a major bone in your body or are mobilised by a cast or moon boot. This is a great add-on to any cover however every insurer has different definitions.
I always add to add this to my client's cover as it is a very popular benefit that is claimed, which I have personally experienced.
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Cancer Cover
For Cancer Only - Pays Medical Expences and MedSafe Approved Non-Pharmac Cancer Drugs
This can come in the form of Medical Care which is a great add-on to anyone with Southern Cross cover.
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Or as a Lump Sump payment if you are diagnosed with Cancer for you to spend as you please.
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Health Insurance
Health Insurance pays your Medical Expences if you are sick. There are many options for medical coverage in the market place and they have their strengths and weaknesses.
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MOST POPULAR
Specialist Consults, Tests & Scans + Hospital/Surgical Care.
With NIB you can add benefits that include cover that helps to pay for GP, Dental and Vision Care, Physio Treatment
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Consider Also:
Access to Medsafe Approved Non-Pharmac Subsidised Drugs. Some limit this benefit to Cancer Drugs only.
ACC Cover Plus Extra
ACC is compulsory Accident Insurance that you pay for when you declare your income to IRD. Many do not realize that ACC pays for Health care, Accidental Death, and Income Compensation, however, this is just for accidents and they pay until you can return to ANY work.
It is very important to understand the difference between Private Income Protection and ACC and to also o understand if ACC will OFFSET your Income Protection.
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If you're self-employed and take drawings as income then you can fix your level of compensation with ACC. This is called ACC Cover Plus extra I am a specialist on.