General Questions

 

Personal Insurance

  • How much Life Insurance is enough?

    Everybody's needs are different. It can depend on lots of things. Do you have dependant family, a mortgage and/or other debt, do you have personal guarantees to the bank or creditors and a raft of other scenarios. We have included a Life Insurance calculator that you can download to make a simple assessment and/or give us a call so we can discuss the issues with you.

  • What insurance premiums are tax deductible?

    As a rule, if the premium is tax deductible, then the benefit paid is tax assessable? There are some exceptions to the rule and full discussion is required on this topic – if in doubt, talk to a tax expert.

  • I am on a limited budget what should I insure?

    Your Income. There is not much you can achieve without income!! Check out the Income Protection Calculator under the forms tab.
    Life Insurance. If you have dependants you should ensure that they are not financially disadvantaged should you die prematurely. Your life insurance should at least clear all debt, including personal guarantees (personal guarantees do not die with you) and provide on going income for a number of years into the future. (Ideally until your children are self supporting)

  • I do not need policies that pay for lost income – I won’t get sick and I can rely on ACC?

    Wrong – according to Fidelity Life, 52% of income protection claims were for illness and 48% were for accident. But hang on, we have ACC so how does that work?? Call us.

 

Business Insurance