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Insurance - When you're "young & free"!

There is a lot of fun and freedom to be had in your twenties, but it is also when you need to start making adult decisions. Understanding insurance is a good step in the right direction! Most people in their early 20s are flatting, don’t have dependents and have minimal debts. These are all factors that should be taken into account when choosing insurance. The insurance you need changes throughout your life, both in terms of what you need and the costs of premiums. Understanding how the differ...

Trauma Cover- and why it's so bloody important!

This type of cover I am extremely passionate about. I know it's difficult to think about because as Kiwis we are bought up to be tough and resilient and have developed the "It'll be alright" and the "It won't happen to me" attitude. Unfortunately I've seen first hand what can happen to individuals, businesses and families when the unimaginable hits - not just emotionally but financially. So my advice? is simple - get it! What is trauma insurance cover?Trauma cover, also known as critical illnes...

Self employed - does your ACC best work along side your income or mortgage protection?

Standard cover – CoverPlusYou'll automatically be on CoverPlus. If you've had an accident and can't work, ACC will pay your compensation at up to 80% of your taxable income based on the most recently completed financial year. For example, if you earn $52,000 per year on CoverPlus you'd get up to 80% of that each week, which is $800 before tax. Weekly compensation payments start a week after your injury, and ACC will also help cover the cost of your treatment and rehabilitat...

Premium structures - what type is right for you?

Stepped PremiumsInsurance Premium is calculated on your age, meaning the younger you are the cheaper the cost and that premiums will increase over time. Level PremiumsInsurance Premium is calculated on an average premium, meaning you might pay more younger but you pay a lot less when you get older - meaning you save money over your lifetime. Initially when we see insurance premiums we think the cheaper Stepped premium option is the better. But when looking deeper, Level premium cover provides a...