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Life & Mortgage Protection Insurance

For some, insurance is love hate relationship - they love to hate it - until they need it - then they love it again.

The reality is, insurance pays an important role in our communities. In fact, just the Life Insurance industry pays $837* million every year to New Zealand families - Health Insurance a further $743m - helping Kiwis get back their lives - when the unexpected happens. Here is a quick brief on the main types of cover.

Life Insurance
Protecting your love ones is probably the most responsible thing you can do. It's essential cover if your spouse, family or business depend upon your income.

It's hard to imagine being in the prime of your life and having it cut short by an accident or a terminal illness. No one knows when death or illness will strike.

It can happen without warning leaving your loved ones not just emotionally devastated, but also in real financial difficulty.

Being prepared can save your loved ones from having to sell the home, relying on a government benefit, asking friends/relatives for help or having to return to work. Life Cover is designed to maintain your loved ones' current lifestyle.

Mortgage Protection
Buying or owning a home is a major step in life. The last thing you want to see is your home slip out of your hands, if for some reason you can't meet your loan repayments. Take a few seconds to ask yourself the following important questions:

Would you have enough money in reserve to meet your home loan repayments if serious illness or disability stopped you from working, either temporarily or permanently?

If you died, would you leave behind enough resources to pay off your home loan, and safeguard your dependants' future? If you answered 'no' to either of these questions, then you should seriously consider taking a Mortgage Protection.

Income Protection
With income protection, if you're unable to work due to illness or accident Income Protection will pay the policy owner an ongoing benefit. That way, you can take care of your loan repayments - even though you're unable to work. What's more, under the waiver of premium benefit, while your receiving benefit payments, you won't have to make your regular insurance premium payments.

The amount of income protection cover you have will be in relation to your current taxable.This benefit will continue for as long as you are unable to work. All applications for income protection are subject to individual consideration.

Health Insurance
The affordable solution that gives you up to 100% cover for the things that count. Health insurance gives you access to the very best medical care at a time that suits you, and in the private hospital of your choice.

Your premiums are significantly lower than other forms of health insurance. Instead of burdening you with funding the cost for doctors' visits and prescription charges, Health insurance protects you against the more costly expense that matter - surgery and hospital bills.

Health insurance generally covers the full amount of treatment provided under your policy less any excess that you choose. It leaves the affordable costs of general medical care to you, while providing protection for costly surgery and hospital care. So your premiums are lower.

For more information on how to protect your love ones, assets and lifestyle call us or email us on.

So let’s get started, call 0800 ADVOCO (0800 238 626)

* SOURCE www.teara.govt.nz