Income Protection Insurance

When you compare, you save.

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SELF EMPLOYED INCOME PROTECTION

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Being Self-employed is not easy; the last thing you want to deal with is a health issue that prevents you from working. Not all income protection policies are the same when it comes to how they respond at claim time. ACC will offset some policies, and some policies require you to prove your income at claim time. Compare what’s best for your situation as a self employed individual, partnership or company by looking at policy types and insurance companies. When you look at price it’s best done with advice as income protection for the self-employed is complex.

INCOME PROTECTION INSURANCE

DISCLAIMER

Being Self-employed is not easy; the last thing you want to deal with is a health issue that prevents you from working. Not all income protection policies are the same when it comes to how they respond at claim time. ACC will offset some policies, and some policies require you to prove your income at claim time. We like to compare what policy and insurance company is best for you first, then look at the price with advice.  As an example read about indemnity vs agreed value insurance policies.

Dhivya Nair
Dhivya Nair
03:24 20 May 22
Lisa Browne
Lisa Browne
01:34 29 Apr 22
Great service, Kyle explained exactly what I wanted to know and answered any questions I had.. He went through everything in plain English so I didn't get caught up in lots of words sometimes you don't understand.. Very easy person to talk to.. Highly recommended his services..
belinda bird
belinda bird
19:26 24 Apr 22
I've really appreciated Hayley's advise which has made the process of deciding and obtaining insurance cover so much easier and her management of the process has been great.Thanks, Belinda
Nikhil Fernandes
Nikhil Fernandes
22:57 17 Apr 22
Hayley was very knowledgeable and helpful through the entire process. Would definitely recommend her to anyone looking for personal insurance services.
Christine Welten
Christine Welten
06:09 13 Apr 22
An amazing team who explained everything so well. Contact was timely and helpful. Really appreciated all the work they did.
Vanessa Naidoo
Vanessa Naidoo
23:39 11 Apr 22
Sean has been very attentive to our requirements and customized a solution to our needs. He explained the different options in a way that was easy to understand and presented it to us in a professional manner.
Mohammed Khan
Mohammed Khan
23:10 09 Apr 22
She was great. Gave me what I needed. Highly recommend her.
Lassimo NZ
Lassimo NZ
23:44 08 Apr 22
Excellent advice and service. Highly recommend Mackenzie for tailoring your insurance needs.
Mike Hawes
Mike Hawes
06:12 07 Apr 22
I found Hayley Evans very good to work with on setting up my life cover.She was very punctual with phone meetings, very good at explaining things and sending info through to me. Definitely recommend Evans Financial
Natasha Anderson
Natasha Anderson
01:12 02 Apr 22
Matthew was excellent to deal with and was a pleasure to deal with for our insurance matters. He made things very easy to understand and wanted the best outcome for me and my family. Would highly recommend.
choon chet soh
choon chet soh
10:32 28 Mar 22
Karen Healey
Karen Healey
22:54 27 Mar 22
Hayley worked hard to deal with a few communication problems and helped recommend the best products for me. She's friendly, efficient, professional, and an excellent communicator, and I can totally recommend her stellar services!
Sienna Packer
Sienna Packer
02:06 27 Mar 22
Kyle was so helpful during this process. He truly is an expert and made it really easy for me to understand what my options were. Highly rate Kyle and his team!
Maria Boolieris
Maria Boolieris
05:14 25 Mar 22
Blake was very patient, thorough, wasn’t pushy, very genuine and had our best interests at the forefront during this process. Would definitely highly recommend Blake to others.
Byron Pointon
Byron Pointon
23:47 24 Mar 22
Sean was extremely helpful in compiling insurance policies best suited for my needs and took the time to explain anything I was unsure of. Highly recommend!
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Not sure what cover to buy, or the amount of coverage to buy? You may be
self-employed and want to know how income protection works with ACC?
Before you make your decision you can request a call back below and one of our independent authorised financial advisers will contact you and talk through any questions you may have.

Book - Compare Income Protection

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Redundancy Cover & Income Protection Insurance

Redundancy Cover & Income Protection Insurance

Many of you at this time are concerned for your jobs and possible redundancies. This short 60 second video explains to you how redundancy insurance works and the difference between income protection and redundacy cover. This video was recorded March 2020.

PRICE GUARANTEE

prezzy-card-income-protectionIf you have current income protection insurance or have a current quote, we will guarantee a better price. If we can’t show you a better way to save money or a cheaper policy, we will give you a $200 Prezi Card – subject to terms and conditions.

ADVICE CENTRE

If you would like to speak with a local adviser about income protection insurance, you can book a free consultation via phone or Skype by clicking the BOOK YOUR TIME button below. You will be connected with a registered financial adviser.

ABOUT US

Comparing income protection insurance can be extremely frustrating. This site is designed to give you an idea of what policy may be best for you based on your employment and debt situation.
Comparing insurance companies alone is fine when you’re buying on price for simple insurances such as a car or house. But covering your income in New Zealand is a little different as we have ACC for self-employed and employed kiwis which should be taken into consideration when buying private cover.
We designed this site to break down the four most common outcomes when buying income protection. Once broken down, you will need to get online advice from one of our dedicated advisers who can help structure your cover in the most cost-effective way.

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HOW DOES INCOME PROTECTION INSURANCE WORK?

services-compare-income-protectionWe get asked the question ‘what am I covered for?’ all the time. There are three main categories; not being able to work in your occupation due to ill health, losing your job via redundancy or not being able to work due to an accident.

If you would like to compare income protection insurance, click here.

Ill Health & Accident Cover: Income protection covers you for both accidents and ill health claims. You can’t claim ACC and certain types of Income protection together. Although ACC is compulsory for all working New Zealanders, the self-employed have the option to elect their cover levels, whereas being employed you cannot.
Redundancy Cover: This cover is generally limited to a six-month benefit, i.e. if you lose your job, you receive a replacement income for up to six months. However, if you know your job is on the line, you can’t take out this cover, and if your company is on the brink of receivership or liquidation, most insurance companies will have already red flagged your company (or even industry) as an exclusion.
Accident Cover: Whether you like it or not, we all pay ACC if we’re working. If you are employed, ACC will pay you 80% of your income based on your IRD information. If you are self-employed it’s a little different – you are also paid on your income, but as we all know, it depends how your accountant has structured your income, e.g. have you split your income with your partner? Be aware that if you have an accident, ACC will pay you based the amount you stated in your last annual return.
As ACC is a complex monster, you need to seek advice from an adviser who can show you how to structure your policy – for free!

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