0800 141 889Asking yourself, how do I protect myself from redundancy? Here are some things to think about
When should I get mortgage protection insurance?
When you take on a mortgage you take on a large responsibility – sometimes millions of dollars’ worth – and while the benefits of owning your own house are many, the stress of being rendered unable to pay your repayments on time can take away from enjoying those benefits.
Is mortgage insurance and life insurance the same?
Before talking about whether mortgage insurance and life insurance are the same, let’s see what each of them is talking about before we talk about their similarities or differences.
How to Find Best Term Life Insurance Companies?
Have you been searching for the best term life insurance companies? You are not alone! Everyone has questions about term life insurance companies. And they often have questions about how a term life insurance policy works.
Why do you need to buy health insurance before you turn 35?
Most people think of insurance when they get old and need more financial assistance or to manage their health costs and related financial risk. However, believe it or not, you can save a lot of money by choosing health insurance before 35.
Here are some reasons why:
How to find Life Insurance Policy?
Find life insurance policy? It can be hard to find a life insurance policy that meets all your requirements. The problem is that a life insurance policy forces us to look at things from a perspective that we don’t really like.
Nobody wants to think of a future where their family has to live without them, but we can’t do much about it since death is inevitable.
What is Redundancy Pay? Why Redundancy Insurance?
Redundancy pay and redundancy insurance are two quite different sides of the same issue. We often confuse one with the other because there really isn’t a lot out there to help us tell the difference. Redundancy isn’t a topic many of us would like to think about, but it’s a reality that unfortunately many of us do have to face. When something so drastically altering our life is possible through any number of unfortunate circumstances, it pays to make sure your contingency plan is in place. So, if you are wondering “what is redundancy pay?” or “what’s the difference between redundancy pay and redundancy insurance?” you’ll have all your questions answered here!
Why Choose a Local Insurance Broker?
Making the decision to go for an insurance broker to help you with your insurance needs can provide you with a real sense of relief. An insurance broker will help take care of you from start to finish; from assessing the needs and risks surrounding your individual circumstances to shopping around for the best cover available to managing your insurance portfolio and even walking you through making claims. Any reputable broker will be able to provide this for you – but if you choose a local insurance broker, you’ll note the added local insurance broker benefits!
Best Redundancy Insurance: How to Protect Yourself during Unemployment
Recently, people are becoming more aware of the fact that they need to hold the best redundancy insurance available. It is true that forecasts for unemployment have always been used for gauging future economic activity. New Zealand has a positive economic outlook in the coming future – which is coincidentally the best time to start an income protection redundancy insurance policy.
Why is now the time to search for an insurance broker near me?
This New Year has come to pass quickly, and realistically, so is life. With new resolutions and commitments coming through this year, we can also expect risks. An insurance broker near you, ready to help prepare you for any eventuality can be of great benefit.
Christmas Insurance: Be Savvy & Rest Easy These Holidays
The Christmas holiday period is just around the corner and as you play for some well-earned downtime, Christmas insurance is probably the last thing on your mind. You may be going away on a vacation or just spending your days enjoying the outdoors but either way, you will want to know you have the best possible holiday insurance cover should anything go wrong this summer.
Why Income Protection Insurance Important for Kiwi Families
It’s never fun to consider what would happen to you and your family should you become too sick or injured to work.
But it’s something that New Zealanders do need to think about – after all, according to the Financial Services Council, almost 85% of Kiwis don’t have any insurance in place to protect them from loss of income. They also point out that ‘there are nearly one million households with incomes above $20,000 that would be vulnerable if they faced a long-term illness that stopped a major earner in the household working.’
What’s the difference between Mortgage Protection Insurance and Mortgage Cover?
Compare Mortgage Protection Insurance and Mortgage Cover – what’s the difference?
Taking on a mortgage is a big commitment; with the average first-time buyer taking out a mortgage of $400k, it’s likely to be the largest amount of debt you’ll ever have.
Keeping a roof over your family’s head is your number one concern; so it’s important to consider how your mortgage payments would continue to be met should anything happen to you or your partner.
What You Should Know About Our Mortgage Protection Insurance Services
Do you have a mortgage? Have you considered what would happen if you lost your job due to ill health, an accident, or if you or your partner passed away? In a worst-case scenario, the last thing you want to worry about is keeping a roof over your head. So, it’s worth considering how you can protect your home against life’s twists and turns. Ease Insurance’s mortgage protection insurance services can help.
What Is The Difference Between Income Protection And Redundancy Insurance?
Many of our customers often ask us what the difference is between income protection and redundancy insurance, and although they go hand in hand, they are not the same thing.
Do I really need redundancy cover / insurance protection?
A question we are often asked by our customers is “Do I really need redundancy cover?” To this question, we ask the customer to consider what would happen if you were to be made redundant in your current position. Regardless of your salary, debts and assets or lifestyle, every person would be affected by a loss of a job. However, this might be in a different way than you think. While many people consider being made redundant meaning a month or two off work while you find another job, this is not the case most of the time. The job market is tough to break and while you may find your dream replacement job pretty quickly, there may be dozens of others who are after that same job. Therefore it is important to apply for redundancy cover today.
Mortgage Protection Insurance Comparison – Our Point of Difference
Before you run a mortgage protection insurance comparison it’s important you understand what home mortgage protection insurance is all about.
WHAT’S MORTGAGE PROTECTION INSURANCE?
In brief, mortgage protection insurance is a life insurance policy that covers your mortgage. With the right amount of cover in place, it ensures that you and your family will always have a home regardless of what the future brings. If you or your partner become too ill or injured to work, or if you pass away, your family will still have a roof over their head.
Redundancy Protection Insurance vs Trauma Insurance – Choose Wisely!
The world of Redundancy Protection Insurance can be confusing to navigate. But it’s essential that you do it right – your survival and wellbeing could well depend on it.
That’s what happened to Jeremy Walton. The company he’d been with for nearly a decade restructured three years ago. While they were appreciative of his contribution, they saw no way to bring his role into the new business structure. This was completely out of the blue and hit hard. Thankfully Jeremy had had the foresight to take out a Redundancy Protection Insurance policy a few years before this. He and wife Nicole discussed where to from there and made some minor adjustments to their lifestyle. Their relief was huge knowing their redundancy insurance cover maintained their mortgage repayments. Their bills were also covered for the 6 months that it took Jeremy to find another role that he felt was right for him.
Life Insurance Protection and Income Insurance is the best way you can start the New Year.
January is one of the happiest times of the year in New Zealand, people are relaxed and letting their hair down, enjoying the summer break. The sun’s out, the water’s great and the barbeques are scrumptious. What could go wrong? After all, you plan, make lists, book holiday homes, and thoroughly look at every detail to create the perfect summer – however, the one thing no one really prioritises while enjoying this period is a thorough review of the life insurance protection and/or income protection insurance policies.
Unfortunately, it’s a fact that over the school holiday period nasty and unpredictable accidents can take place. While you can control how you drive, you can’t control how other people drive, therefore in order to be fully protected it is wise to contact your local insurance broker.
Why Redundancy Insurance Protection is a Must Have in 2019
It’s time to realise that the world is changing very rapidly. This means less job security than ever as traditional industries downsize while computers replace jobs, and more tech-savvy younger people enter the workforce. Alongside the changing world, redundancy insurance protection has been gaining traction, because, despite unemployment levels dropping, job seekers aged over 50 are finding it harder and harder to find work after being made redundant. The truth is it now takes longer than a couple of weeks to find another job. With online job listings making each job application accessible to thousands of people, the hiring process can get dragged out to months. This is a scary fact seeing as nearly half of New Zealanders have stated they would be unable to pay their bills one month after losing their job.
Income Insurance: New Zealand faces an underinsurance crisis
The results of a recent survey of 1000 New Zealanders gauge their attitudes toward income insurance are far from stellar.
Intended to check whether any progress had been made on a $650 billion underinsurance problem identified in 2013 by the Financial Services Council, the Trade Me study showed very little change four years on: While 88% had vehicle insurance and 74% had home insurance, only 51% had life insurance and just 41% health insurance.
Ease Life Insurance Brokers: Helping you with whatever life brings.
Living life is a risky business, especially in New Zealand. As any of the life insurance brokers at Ease will tell you, it’s important to prepare as much as possible for whatever life throws at you.
Despite being a developed, Western society with enviable civil defence and dependable infrastructure, Lloyd’s of London found New Zealand to be the second riskiest country in terms of their non-life underinsurance and insurance take-up rates.
It begs the question: how we can be “at risk” of disaster as a country known for overcrowding, vulnerable infrastructure and tropical cyclones? Put simply, geographical placement. Our islands straddle the tectonic plate boundary known as the “Ring of Fire”, complete with volcanic eruptions and earthquakes. Furthermore, our latitude is firmly within the “Roaring Forties”, which only intensifies rain, snow, drought and wind. Together, these natural factors pose a potent risk to long-term planning.
The necessity of involuntary redundancy insurance
More than 1 in 10 of private sector employees under a collective employment agreement do not have any redundancy pay. This number of private sector employees on collective employment agreements (CEAs) walking away with nothing has doubled since 2009 when this was only 5%. According to Victoria University’s Centre for Labour Employment and Work, many people aren’t even covered by CEAs. For those employees under an individual employment agreement, entitlements to redundancy money are rarely present.
Has your healthcare insurance policy been stripped of funeral insurance?
It is reported that 800,000 New Zealand healthcare insurance policy owners have been stripped of insurance funds set aside to cover funeral costs.
This funeral allowance benefit was removed by Southern Cross. This was not the only benefit that was scrapped from the health insurance policy. A public hospital cash allowance and surgical procedure for sleep apnoea were also removed.
When does Southern Cross’s funeral insurance benefit change to the health insurance policy come into effect?
No will and no life insurance coverage? Who will look after your family when you’re gone?
Around half of New Zealanders don’t have life insurance coverage or a will.
1500 people pass away each year without life insurance coverage, and without a will to give direction. That’s a lot of people who could pass without having their final wishes carried out.
Katrina Shanks, chief executive of Financial Advice New Zealand, said Kiwis had little financial resilience when things go wrong.
“Debt levels are high; the cost of living is high; savings are low and so are the number of Kiwis covered by life insurance, or with a plan in place for their financial future.”
Shanks said too few Kiwis sought financial advice which could help them keep afloat when life events hit.
Redundancy Cover Insurance – Fast Redundancy Insurance Quote
Redundancy Cover Insurance – How to Protect Yourself Against Financial Uncertainty?
Redundancy cover insurance policies are essential for most employees. Every year, thousands of workers in all sorts of industries are made redundant. This can come about as a result of businesses downsizing, restructuring, outsourcing work overseas, embracing automation or simply closing down. No matter what the reason, an involuntary redundancy can be a tough thing to have to deal with, especially if one hasn’t had the foresight to take out redundancy insurance.
Are you prepared for redundancy?
To make matters worse, a redundancy often takes people by surprise and they find themselves unprepared to deal with the situation. As a result, they are left facing the very unpleasant, often frightening reality of not having a reliable income to cover life’s necessities for what could be a very uncertain length of time. In the meantime, however, while they struggle to find a new job, expenses pile up.
Of course, no-one wants to find themselves in a situation where lack of proper preparation for the possibility of a redundancy forces them to have to take drastic action, such as selling the family house and undoing years of hard work, simply in order to survive.
Is it possible to protect yourself against unexpected redundancy? The short answer is yes – by taking out involuntary redundancy insurance beforehand.
Online Will Maker – Use Ease Insurance’s Online Will Services
Protect Your Loved Ones with an Online Will maker
Do you find it hard to stay switched on when someone talks to you about life insurance? What about when they talk to you about the importance of having a Will?
Unfortunately, far too many people put off sorting either life insurance or writing a valid Will, until it’s too late. As a result, those left behind often end up having to deal with all sorts of negative consequences at a time when they’re grieving. Even worse, all of the associated heartache and trouble they experience when a loved one dies without having written a proper Will could have been easily avoided simply by Ease Insurance’s online will services. If you haven’t yet sorted your Will, take action now to get a Will online.
Online Will preparation is part of sound financial planning.
Setting up a Will online, much like getting life insurance, budgeting or building a retirement fund, is simply part and parcel of having a sound financial plan. After all, wouldn’t you say that taking actions to look after the long-term well-being of your loved ones, especially those who depend on you is paramount; should you come into harm’s way?
If you die without a Will no-one will know your wishes of dealing with your possessions and assets. Furthermore, if you die without a legal will then the intestacy laws of the country in which you live will determine what happens with your property, irrespective of what you really might have wanted to happen with your assets.
Fixed price Life Insurance premiums
No body likes to get a price increase letter from their insurance company, but most of us will get one.
Did you know that in your 50’s you can be getting increases of about 15% per year ?
This means that your life insurance is going to double in price every 6 years.
Think about it, paying double what you are paying now, its not a nice thought.
Wouldn’t it be nice if there was a fixed price life insurance premium you could have that takes away the surprise of an increase each year.
The reason your Life Insurance is increasing is because the most common type of Life insurance policy that you own automatically increases in price every year. This type of premium is called “rate for age” or “stepped” and most life insurance policies sold today will be this way, the premium is linked to your age, so the older you get the more expensive your Life Insurance becomes.
When you arranged the Life Insurance the person probably didn’t even explain that you had an option on how the premium is calculated. You may find this annoying, and rightly so, the price of your insurance will start off affordable, but will eventually become very expensive. So over the life of the policy you will pay a lot of money.
Thats great for the insurance company, but not so great for you.
But there is another option, and its called a level premium, Level Life Insurance or Fixed price Life Insurance Premiums.
How much does redundancy insurance cost
Redundancy Insurance Cover in New Zealand is an insurance policy that will pay you a monthly income if you get made redundant from your job, but how much does Redundancy Insurance cost?
It is a common misconception is that it is a very expensive type of insurance. The cost will vary depending on how much insurance you arrange.
A redundancy insurance policy is a type of agreed value income protection insurance. Each insurance company uses a calculation to work the amount of insurance they are prepared to offer you.
3 Ways Personal Risk Insurance Can Help You Avoid Defaulting On Your Home Loan
Whether you’re a first home buyer or looking to add another property to your portfolio, there’s no denying that purchasing a house is one of the biggest investments you’ll ever make in your life.
With this in mind, it’s important to think about what you can do to minimise the risks involved. Popular advice stipulates that the value of the house you buy should be significantly lower than the mortgage you’re approved for, but in New Zealand’s housing market this is rarely practical. In fact, many homebuyers are financially stretched to the max, leaving them financially vulnerable if anything were to happen to disrupt their income stream.
Why do I need income protection insurance if NZ Already Has ACC?
How would you and your family cope if you were no longer able to work? Even if you’ve saved up a healthy emergency fund, chances are the loss of regular income would have a big impact on your standard of living.
As leading insurance brokers in the Auckland, Tauranga and Hamilton regions, we want to shed some light on the benefits of income protection insurance and how it differs from the financial assistance provided by ACC and the sickness benefit.
4 Critical Personal Risk Insurance Mistakes to Avoid
Most people are well aware of the importance of home and vehicle insurance, but not many people are aware of the personal risk insurance mistakes we can commit. There’s a certain mental blind spot when it comes to taking out personal risk insurance in Nelson. While there are a few underlying factors behind this, the key reason is that people rarely take the time to consider what would happen to them and their families if they were to fall ill or sustain an injury.
4 Key Benefits of Using an Insurance Broker
While many people will attempt to get a personal risk insurance policy by going directly through insurance companies, it has to be said this is usually not the wisest approach. It is important to know the benefits of using an insurance broker. Making use of professional insurance brokers in Wellington, Christchurch and Dunedin offer a range of benefits that can save you a lot of money in the long run and help keep your stress levels down.
Redundancy Income Protection Works
Any of us could lose our jobs at any moment because job security is not guaranteed in today’s economy. However, if you get yourself covered with redundancy income protection, you can at least be guaranteed of some income after your job finishes.
Redundancy Insurance can also go by the names of Salary Insurance or Loss of Job Insurance, but they all mean the same thing. If your employer makes you redundant (and it wasn’t your choice), then this income protection will pay you money every month, starting one month after your redundancy.
Get insured for Disablement
According to a recent report by the Financial Services Council, New Zealand is one of the lowest countries to seek insurance. Out of 31 developed countries included in the study, New Zealand has the third lowest rate of insurance.
But would happen if suddenly you were no longer able to meet your financial commitments? This eventuality of not being able to pay your bills or keep up with the mortgage payments might not even be sudden, but instead,a gradual process, as is the case for most people.
What can I use Trauma and Critical Illness Insurance Cover for?
Nobody likes to think about being diagnosed with a critical illness like cancer or being struck down by a sudden medical emergency such as a heart attack. However, even if we’re generally healthy and take care of ourselves, the truth is, any of us can be affected by one of the most difficult curve balls that life can throw at us. Nothing can take the stress and pain out of dealing with a major medical condition, but by making sure you have the right trauma and critical illness cover in place, you can at least take the financial burden away from your loved ones and yourself at what would already be an extremely difficult time. Different people require varying levels of cover and each policy is different, but investing in this addition to your health insurance will give you the peace of mind of guaranteeing a lump sum cash payment that you can use to cover many different essentials should you find yourself in this situation.
Why Redundancy Protection Cover is a must
If you’re in full time or part time employment in New Zealand and have income protection insurance, you may be under the impression that you are covered in the case that you are made redundant. Unfortunately, this is not how it works. When you take out income protection insurance it is to protect yourself, in case of a period of illness or injury where you are not able to work. In this circumstance, it will provide you for up to 75% of your earnings for a certain period whilst you are not working but it won’t protect you if you find yourself unemployed.
What You May Not Know About Mortgage Protection Insurance
What exactly is mortgage protection and why do you need it? Mortgage Protection Insurance is a form of life assurance cover. In the event of your (or your spouse’s) death, this insurance will clear your mortgage. If you are applying for a mortgage with a bank, the bank will insist that you take out mortgage protection insurance. It’s a necessary evil, but often is an unexpected expense when you’re already stretching funds to meet the cost of a new house and the mortgage associated with it.
Why Every Working Adult in New Zealand should have Income Protection Insurance
Nobody likes to think of the worst-case scenario, but what would you do if your income suddenly stopped? While you might be able to live off your savings, or scrape by on your partner’s income for a while, how would you cope in the long term? Sadly, it’s a dilemma that many New Zealand families have to face when an illness or injury takes them out of the workforce for a long or short period, and that’s why, for peace of mind, you need a back-up plan.
6 Reasons to use an Insurance Broker
Insurance is a fact of most adult lives, just like death and taxes. If you have a home, it’s likely insured. If you have a car, you need car insurance. If you want to buy insurance, it’s easy to pick up the phone and arrange it right away, anywhere in New Zealand, as long as your phone is connected. But with all the insurance broker companies out there, how do you know what policy is right for you?
Getting the wrong insurance at least costs you money and at worst, it can mean that you’re not covered for exactly the situation you were trying to cover. Therefore, it makes sense to get an insurance broker, who deals with it every day, rather than try to decide yourself when it’s something you’re likely to do, last-minute when a premium comes up for renewal. Here are 6 good reasons on why to use an insurance broker:
Expecting a Baby? Here’s Why You Should Sort Out Your Life Insurance
When you find out you’re going to be a parent for the first time, it’s an exciting period, but it’s also slightly scary. After all, you’ll have a responsibility to your child for the rest of your life, and an obligation to look after them. That’s why many parents worry about what might happen if they were to die, and this is often a catalyst for them looking for life insurance. Whether you’re the main breadwinner, or planning to be a stay at home parent, here’s why you should arrange life insurance before your baby arrives.
How much life insurance do I need
How Much Life Insurance Do I Need
I know I need Life Insurance, but how much life insurance do I need ? figuring out how much life insurance I need can be confusing.
There are a few factors to consider when asking how much life insurance do I need.
At the most basic, there is a minimum amount of life insurance I need so I can make sure those left behind avoid a struggle. Beyond that, I really can’t have too much insurance, so I will add more as I can afford it.
Terminal Illness Life Insurance
Terminal Illness with Partners Life
It pays out if you are diagnosed with a terminal illness. If the Doctors say you won’t live past 12 months your life insurance can be paid out. You can claim for a Terminal Illness on most life insurance policies. But there are occasions when people are diagnosed as terminal but will survive longer than 12 months. What do you do then ? You can’t access your life insurance money, but you want to make the most of the time you have left. Partners Life latest addition to their life insurance policy lets you access 30% of the amount of life insurance if you are terminal, but have longer than 12 months. It’s a fantastic feature allowing you to access part of your life insurance at an early stage and the rest of it when you have less than 12 months to live so you can enjoy what’s left of your life.
What is Mortgage Protection Insurance
What is mortgage protection insurance
Mortgage protection insurance is one of the only forms of risk protection insurance that could prevent you and your family from becoming homeless. Today in NZ approximately one third of working kiwis will be struck down with a severe injury or illness before they are 65 years old, and this injury or illness will prevent them from working for at least 6 months. The chances of becoming sick due to diseases such as cancer, stroke and heart attacks are a real possibility. When you are struck down it will be unexpected and usually sudden. The financial consequences that occur while you are unable to work can have a catastrophic effect on the family and their finances.
New Zealanders are grossly underinsured
After sick leave and annual leave have run out, it would take only one month for 55% of Kiwi households to be unable to pay all their expenses and maintain their lifestyle.
Are you one of these households?
How much is redundancy insurance
A common misconception is that Redundancy Insurance is a very expensive type of insurance. However the price of Redundancy Insurance will vary depending on how much insurance you arrange.
Most insurance companies will only allow you to take out redundancy insurance protection if you also have sickness and accident income protection.
The additional cost of adding redundancy protection isn’t alot, and there are good reasons why you should also combine any life insurance you have or need into the redundancy income protection policy.
Why do I need Mortgage Protection Insurance
Mortgage protection insurance is group of insurance policies designed to take care of your mortgage when something unexpected happens to you.
Mortgage Protection is an insurance taken out on the mortgage borrower (you, the person who is responsible for repaying the mortgage).
If the borrower for some reason cannot meet their obligations of paying the mortgage to the bank, the mortgage protection policy will take care of those obligations.
What is Mortgage Protection Insurance?
Wondering what is mortgage protection insurance? Mortgage protection insurance is a group of insurance policies designed to take care of your mortgage when something unexpected happens to you.
This insurance is taken out on the mortgage borrower (you, the person who is responsible for repaying the mortgage).
If the borrower for some reason cannot meet their obligations of paying the mortgage to the bank, the mortgage protection policy will take care of those obligations.
What is redundancy insurance
Redundancy Insurance Protection is an insurance policy that will pay you a monthly income if you get made redundant from your job.
It will not pay you if you get fired, or decide you don’t want to work anymore, you must get made redundant to be able to make a claim.
If you took out Redundancy Insurance at some point in the past and you are made redundant, the insurance company will start paying you money at the beginning of every month to help keep you afloat financially until you get another job.
