"Making sure the pieces fit"
So how much insurance do I need?
Rather than just picking a figure we like to go through a few questions that help to provide a considered and logical answer to that question.
Obvious things like.... The amount owing if you were to die prematurely or become disabled. Mortgage owing, final expenses, funeral costs etc.
But then if you have children that are financially dependent on you, have you thought of the need to
provide an income for whoever will look after the children.... if you die prematurely or become disabled?
It works it like this : The age of your youngest child currently and the number of years left until you think that
child will be financially independent. Maybe age 18 or 21. The report shows what can be done to provide an income over that term to care for the children, if you cant.
It takes into account your current income. Makes recommendations about replacing that income if you should be unable to work due to illness or injury. It takes into account ACC benefits, as well.
One of the biggy's is Critical illness. Forty years a go if you had a moderate to severe heart attack you may have died. Today, with advances in medical science you may well be back at work in 12 to 18 months. But what do you do financially in the meantime. It makes recommendations in that area.
Most of us think we will never be permanently disabled. And that's true, most of us wont be. But if we are, the financial cost is huge. The report takes this into account as well.
Then, Health Insurance. It's one of the few covers that is paid out even though you may still be working.
You know what is often the decider? The cost. So the report gives a number of options regarding premiums
Rather than just picking a figure we like to go through a few questions that help to provide a considered and logical answer to that question.
Obvious things like.... The amount owing if you were to die prematurely or become disabled. Mortgage owing, final expenses, funeral costs etc.
But then if you have children that are financially dependent on you, have you thought of the need to
provide an income for whoever will look after the children.... if you die prematurely or become disabled?
It works it like this : The age of your youngest child currently and the number of years left until you think that
child will be financially independent. Maybe age 18 or 21. The report shows what can be done to provide an income over that term to care for the children, if you cant.
It takes into account your current income. Makes recommendations about replacing that income if you should be unable to work due to illness or injury. It takes into account ACC benefits, as well.
One of the biggy's is Critical illness. Forty years a go if you had a moderate to severe heart attack you may have died. Today, with advances in medical science you may well be back at work in 12 to 18 months. But what do you do financially in the meantime. It makes recommendations in that area.
Most of us think we will never be permanently disabled. And that's true, most of us wont be. But if we are, the financial cost is huge. The report takes this into account as well.
Then, Health Insurance. It's one of the few covers that is paid out even though you may still be working.
You know what is often the decider? The cost. So the report gives a number of options regarding premiums