Key Person Cover
Key Person Cover is a benefit designed to provide a capital injection into your business upon the death, terminal illness or total long term disability of a key employee or sole trader of the business.
When a business loses it sole trader, a key employee, an owner or a business partner, the consequences can be dramatic. Profits can fall, loans may have to be repaid at short notice or, at worst and the future viability of the business may come under threat.
It is essential for business owners to know that, even if the worst should happen to a key stakeholder, they'll have the financial means to stay on track. We help protect business finances.
Income Protection Insurance or Income Cover provides a financial safety net should you suffer an accident or illness which reduces your ability to earn your normal income.
If you had a money making machine sitting in your lounge and it consistently gave you $500, $1,000 or even $3,000 per week, wouldn't you insure it?? Well, you are that money making machine, so why aren't you insured?
Your greatest asset is the ability to produce an income. Income Protection protects this, giving you a monthly benefit which is designed to replace a significant portion of your lost income, helping maintain your usual lifestyle during treatment and recovery.
Mortgage Protection Insurance is designed to protect the repayments of your mortgage.
What would happen to your family home if something happened to you tomorrow and you could not work for the next two years, or even worse, the rest of your life? What is going to stop the bank from repossessing your home and evicting you and your family?
In 2012 there were 2,288 properties sold in New Zealand as mortgagee sales, that's 6.2 per day or 44 per week!
If you own a home and/or have a rental property, then you need mortgage protection. Even if you are thinking about buying your first or a new home.
One in three people suffer from a serious illness before the age 65.
Imagine finding out that you have cancer, or you have experienced a heart attack or a stroke. Imagine if you could not return back to work or any employment for the rest of your life.
Critical illnesses are by nature serious and potentially life threatening and, as a result, can have a significant financial impact.
A lump sum payment can help reduce debt, purchase specialised equipment, pay for modifications at home, 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 funds is entirely yours to decide.
Imagine if one of your children who was under the age of 19 suffered a serious illness, how much impact would that have on the family? Mum stops work and the family are now on one income?
Life Insurance provides a lump sum payment in the event of death or if you get diagnosed with a critical illness and you are expected to pass away within 12 months.
Life insurance can help reduce debt, pay for final expenses, create an investment fund to generate on-going 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.
Why leave your partner, spouse or family unprepared financially for the future?
Why leave your partner, spouse or family struggling with debt?
Health Insurance, Medical Insurance or Private Medical Cover provides the funding to enable you or your family to have private hospital treatment whenever you require it. It offers more immediate access or a broader range of treatment options than are available to you through the public health system.
This also includes the access to NON PHARMAC lifesaving medication that PHARMAC NZ does not cover you for. Your access to life saving medication is only possible by having private medical insurance that offers NON PHARMAC coverage.
The purpose of health insurance is to give you and your family immediate access or a broader range of treatment options than are available to you through the public health system.
It protects you and your family financially in the event of an unexpected serious illness or injury that could be very expensive. In addition, you are more likely to get routine and on-going preventive care if you have medical insurance.
You will also have peace of mind in knowing that you don't have to wait on a public system waiting list that you will immediately get the treatment and care that you need without delay.
Health insurance will also give you access to more treatments and a wider range of safer drugs which you cannot access through the public system.