WHAT TYPE OF INSURANCE DO I NEED?
Income protection insurance?
Permanent disability insurance?
All of them?
Some of them?
There is a myriad of options available and it can be confusing, firstly working out what you really need,
and secondly whether you qualify for that sort of insurance.
For example, if you are the adventurous type who regularly climbs sheer ice walls at extreme altitudes
without a harness followed by base jumping from the top, you may struggle to get some types of
Rather than trying to figure it out yourself, make an appointment for a free discussion and risk assessment with one of our insurance experts.
TYPES OF INSURANCE
Lump sum payment to your family (or named policy holder) in the event of your death
Lump sum payment should you suffer a traumatic health event (e.g. diagnosed with a serious illness)
Replaces some or most of your income should you suffer an illness or accident which means
you are unable to work. This is not cover for if you lose your job or can’t find one.
Provides income for a period should you be made redundant or declared bankrupt if you are self-employed
Covers your mortgage payments should you be unable to work due to illness or injury
Covers medical expenses, as defined by your policy – you choose what level of cover you want (e.g. GP visits, surgery, specialist visits)
Lump sum payment if you are unable to continue your line of work due to illness or injury
WHAT ABOUT ACC?
ACC is the New Zealand government’s insurance programme for accidents, covering treatment
costs and loss of income. However, it does not preclude the need for other types of insurance,
as it does not cover injury due to degenerative conditions, nor does it cover illness. And the
reason most people are unable to work for long periods of time is due to illness, not accident.