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What is “Insurance”?

Insurance in simple terms is an arrangement by which a company or the state undertakes to provide a compensation for specified loss, damage, illness, or death for which you are insured in return for payment of a specified premium.
Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss based on certain conditions stipulated by the insurer.

Why do you need insurance?

You’ve worked hard to build a solid financial footing for you and your family, so you want to be sure that everything is protected. Accidents and disasters can and do happen, and if you aren’t adequately insured, it could leave you in financial ruin. You need insurance to protect your life, your ability to earn income, and to keep a roof over your head.

Life and Funeral Cover

What is “Life Insurance” & “Funeral Cover”?

Only if life was like a crystal ball and you could predict the future so that you would know how much money your family would need after you die. But life is not a crystal ball. You can’t predict the future, but you can help protect yourself against it.
Life Insurance is an insurance that pays you a lump-sum of money if you die or become terminally ill.
Life insurance is designed to provide financial security for your family after you die or in some cases when you become terminally ill.

Funeral, the word itself is so scary. In New Zealand, the funeral cost is pretty high and many times the grieving families do not have enough savings to cover this cost. Having a funeral insurance takes this stress out of you. Many times life insurance could cover the funeral cost which later gets deducted from the total life cover but it can be purchased as a standalone policy too. This may vary from provider to provider.
Losing a family member is always difficult but the funeral insurance could be making the departing ceremony easy for you.

Why do you need insurance?

Life Cover is an easy and cost-effective way to provide for your family if you die or are diagnosed with a terminal illness. If your family relies on your support for your income and your time and they won’t be able to survive or will struggle without this support when you are no more than YES you need insurance. Once it’s in place you can have peace of mind that your family will be looked after when you have gone.
This is one of the main reason why you need insurance. The other main reason to have life insurance is if you have mortgage, debts, your kids education plan, etc.
There are lot more reasons to understand why you need insurance. Team Finance Matters will help you understand these reasons as they may vary from person to person and situation to situation. Our expertise in advising you the best tailored made solution for your needs and goals making sure you are not over or underinsured.

How much Insurance do you need?

Good question and sounds simple, but it isn’t. There is a lot of planning and calculation behind this. Since this is different for every individual’s situation, this has to be tailored accordingly. Team Finance Matters can help you with this.

Trauma Cover

What is a “Trauma/Critical Illness Insurance Cover”?

Trauma Cover is an insurance that pays you a lump sum amount if you suffer from a defined serious illness or condition. Life always comes out with surprises. Surprises that may be pleasant or may not be pleasant and since we are not prepared thus we call them surprises.
Preparing for the unexpected serious illness or injury is essential and this is trauma cover. Trauma cover will give you peace of mind if you have to undergo a serious medical procedure (as outlined in your policy) or if you suffer a specified serious illness or injury. The cover provides you with a lump sum payment to use any way you like.

Why do you need Trauma Insurance Cover?

During recovery, you may need to take time off work. In some cases, your spouse or any family member may also have to do so to look after you during recovery. This means no income for one or both. Debt can really pile up during this period.
Paying off these debts, freeing up your finances – by reducing your mortgage debt or hire purchase or credit card – enables you to focus on your recovery.

How much Trauma Insurance do you need?

Again this is different for every individual’s situation, this has to be tailored accordingly. Team Finance Matters can help you with this.

Total & Permanent Disability Cover

What is a “Total and Permanent Disability Cover” (TPD Cover)?

We take healthy life for granted but it is not always true. Sometimes we lose the grip of our life and we have a permanent illness or meet with an accident and are never able to go back to work.
This means you are commercially dead!
Total and Permanent Disability cover provides a lump sum in the event of total permanent disability caused by accident or illness, and you can choose how to spend it. It might be paying off the mortgage, getting the best medical care, improving access to your home and workplace, or ensuring your business survives.

With total permanent disability insurance, you can choose to be covered for any occupation or just your usual occupation.

Why do you need Total and Permanent Disability Cover?

You are running all your life trying to reach success. During the race, there may be an unforeseen situation that could end you in a situation where you are commercially dead!
To cover you for this situation you need Total and Permanent Disability Cover.

How much Total and Disability Cover do you need?

Again this is different for every individual’s situation, this has to be tailored accordingly. Team Finance Matters can help you with this.

Income Protection Cover

What is Income Protection Cover?

Your income is often your biggest asset and losing it can turn life upside down. If you’re unable to work—either temporarily or permanently—because you’re sick or injured, Income Protection Insurance will provide you with money to live on as a monthly payment while you’re not receiving your salary or wage.

Why do you need Income Protection Cover?

Living without income is the biggest burden you and your family will have. Income Protection Cover provides you with a regular monthly payment to help replace your income if you are not able to work due to illness or injury. It takes you through the tough time.

How much Income Protection Cover do you need?

Again this is different for every individual’s situation, this has to be tailored accordingly. Team Finance Matters can help you with this.

Mortgage Protection Cover

What is Mortgage Protection Cover?

Mortgage Protection Cover will give you regular monthly payments if you’re unable to work due to illness or injury. And your payments will not be affected by any ACC support you receive.

Why do you need Mortgage Protection Cover?

You have worked so hard to buy your own home for your family. You do not want to lose it if you are unable to pay the mortgage repayments during your illness or injury. Mortgage Protection Cover will help you to pay the mortgage during this period.

How much Mortgage Protection Cover do you need?

Again this is different for every individual’s situation, this has to be tailored accordingly. Team Finance Matters can help you with this.

Medical or Health Cover

What is Medical or Health Cover?

New Zealand’s public health system is pretty good but sometimes due to the limitation in resources you may not be able to get the cover or treatment you need immediately. There might be a wait for months or years depending on the severity of the illness and/or availability of the surgeon or doctor. In some cases, you may not even get this cover.
Medical or Health Cover will bypass you through this process and the cover will pay for your medical expenses for you or anyone in your family who is covered with this insurance.
It will cover you for Surgical Treatments, Non-Surgical Treatments, Life Threating Illness Treatment, Major Diagnostic Costs and Before and After Hospitalization Costs.

Why do you need Medical or Health Cover?

This cover provides a certainty and protection than New Zealand’s public health system can. Avoiding the wait of going through the public health system when only you know how much you are suffering from the illness is the biggest reason for having this cover.

Redundancy Cover

What is Redundancy Cover?

Redundancy Cover is an insurance that pays a monthly benefit for up to 6 months if you are made redundant in your job. Many insurers do not provide this cover by itself. It comes along with Income Protection Cover and/or Mortgage Repayment Cover.

Why do you need Redundancy Cover?

You may need a backup plan to help you cover your living expenses if you’re made redundant.
Redundancy cover provides you with a monthly sum insured that is ‘agreed upon’ from the outset and is paid at the end of the waiting period if you are made redundant.

House Insurance

We have referral tie-up with Tower Insurance for all kind of general insurance products. Please contact team Finance Matters if need a quote for this insurance.

Contents Insurance

We have referral tie-up with Tower Insurance for all kind of general insurance products. Please contact team Finance Matters if need a quote for this insurance.

Car Insurance

We have referral tie-up with Tower Insurance for all kind of general insurance products. Please contact team Finance Matters if need a quote for this insurance.

Boat Insurance

We have referral tie-up with Tower Insurance for all kind of general insurance products. Please contact team Finance Matters if need a quote for this insurance.

Business Insurance

We have referral tie-up with Tower Insurance for all kind of general insurance products. Please contact team Finance Matters if need a quote for this insurance.

Farm Insurance

We have referral tie-up with Tower Insurance for all kind of general insurance products. Please contact team Finance Matters if need a quote for this insurance.

Travel Insurance

We have referral tie-up with Tower Insurance for all kind of general insurance products. Please contact team Finance Matters if need a quote for this insurance.

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