Insurance News

Is self-insurance a good idea?

It can be, depending on your propensity for risk.   If you’re a bit of a gambler, you might be happy to take some chances in life. By all means do so, if you’re willing to fork out when the bills come due. I’m thinking of a young man who had to use his house deposit...

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The product you love to hate.

Most people have no problem insuring something tangible like a house or car. But they baulk at paying premiums to protect their ability to earn a healthy income.   Some then compound the problem by getting their accountant to play clever games to reduce tax liability....

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Sick children.

This is a difficult topic, because no one likes to think of children suffering life-threatening conditions. But it happens.   About 150 Kiwi children are diagnosed with cancer every year. Starship Hospital has 200 beds – and they are usually occupied. If your child...

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How $46 saved me $3,425.

In last month’s newsletter I mentioned the need for travel insurance. I don’t sell these policies (so I have nothing to gain from promoting them) but I strongly believe you should never leave the country without one in your luggage. Last month I found out just how...

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The worst possible insurance policy.

It’s called Givealittle. I have been appalled recently to see stories in the media of well-know people who have died unexpectedly, and the response of their grieving families has been to set up a web page asking for donations. No one should ever be in this position. I...

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Accelerated Cover vs Stand Alone

Choosing Accelerated Cover for your insurance can help you become mortgage-free faster. Here’s how. When you take out a policy such as Life, Income Protection or Trauma, you can opt for Accelerated Cover or Stand Alone. Let’s say you have $550K of Life Insurance and...

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