Top 7 Tips to Saving On Your Insurance
Tips on saving with Income Protection Insurance TIP 1: LIFE INSURANCE PREMIUMS One thing that gets to most people is when insurance premiums go up. This is the most common scenario for life insurance policies. However there is another option called level premium. These policies…
Difference between Private Insurance and ACC
Which of these statements do you believe is correct? If I have ACC Cover Plus or Cover Plus Extra, I’m covered for lost earnings compensation if I’m ever out of work. Private insurance and ACC are one in the same. There’s no way I can…
Will Coronavirus Affect my Income Protection or Redundancy Cover?
With coronavirus being the hottest topic in the media, you may be wondering what would happen to you if you needed to claim on your income protection if you could not work due to contracting the virus in question. For those with existing income protection,…
Do you really need income protection insurance?
Income protection insurance is a special type of insurance where you receive a regular income if you get injured in an accident or come down with a severe illness. You will continue to receive income from the insurance company until you’re well enough to go…
Managing the wait period and benefit period on your Income Protection Insurance
Income and mortgage protection are some of the more complex types of cover in the marketplace as there are many optional extras and variables that can affect your premiums such as; payment periods and benefit wait periods. As a rule of thumb, the longer the…
What You Should Know About Income Protection Insurance if You Are Self-Employed
Income Protection for Self-Employed When it comes to running your own business there is usually no such thing as sick leave. If you have to take a day off due to illness, it is usually yourself that absorbs the cost. In saying that, the odd…
What is the process to get income protection insurance?
Income protection insurance – As with most insurances, to apply for any type of cover, the very first step will be completing an application form for your chosen provider. Each provider will have their own set of questions, but generally all insurers will require basic…
What is Income Protection Insurance and who needs it?
What is Income Protection Income Protection protects your income by providing you with a monthly benefit if you are unable to continue working. For example, if you were unable to work due to a serious accident or illness, either temporarily or permanently, income protection insurance…
Indemnity V Agreed Value Income Protection
What is the difference between indemnity insurance and agreed value cover? Don’t worry we get asked this question a lot. Knowing which type of income protection may suit you can be difficult as it depends on many factors such as whether your income is likely…
ACC and Private Income Protection – How do they differ?
As a Kiwi, if you’re self-employed or an employee, you have a level of income protection in the event of an accident at work. However, the key word in the acronymn ACC, is of course accident. What happens when you can’t work because of a…