New Zealand’s largest health insurer, Southern Cross,offers add-on to their normal health insurance called Cancer Assist. This is an optional extra that current policy holders of Southern Cross health insurance can add to their existing cover to insure against the risk of developing a cancer that is best treated using drugs not yet funded by Pharmac. (Pharmac is the NZ government department...
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Investment
The financial advice and planning process
Your investment and financial plan should revolve around you. As no two people are the same, you have unique life experiences and aspirations for the future. Our financial advisers will take the time to understand your financial goals and objectives, then build a sophisticated plan to meet your needs.
Sometimes the assistance from our advisers is as simple as helping...
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Articles
Too much insurance
Knowing how much personal insurance you need is essential to make sure your loved ones and yourself are taken care of should something bad happen. The term “personal insurance” includes policies such as life insurance, income protection, health insurance, and trauma cover.
While nobody has a crystal ball to know exactly what the future holds (meaning that we’d know exactly what...
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Insurance
Trauma insurance
Illnesses and conditions such as a heart attack or stroke will affect your ability to make a living while you recover and receive treatment. You surely don’t want or need the extra stress of not knowing whether you can support yourself and your family during such a difficult time. The funds can be used to:
Immediately pay off debt such as your mortgage, reducing expenses and stress...
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Insurance
Travel insurance
When you’re travelling, you never know what’s around the next corner, so it’s a great idea to cover yourself with travel insurance. Then you can spend your holiday relaxing and enjoying yourself, instead of worrying about what could go wrong. Whether you’re spending a week in the islands, a weekend across the ditch, or spending months exploring elsewhere, insurance can be arranged to cover:...
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The word ‘asset’ has a rigid accounting interpretation, though let’s keep things simple and stick with the Oxford dictionary definition which considers an asset to be “A person or thing that is valuable or useful to somebody/something.” In contrast, Oxford defines a liability as “A person or thing that causes you a lot of problems.”
Most of us understand financial...
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Articles
What is a financial liability?
The word ‘liability’ has a strict accounting interpretation, though for the sake of this article let’s keep it simple and stick with the Oxford definition of a liability as “A person or thing that causes you a lot of problems.” The opposite of a liability is an asset, which Oxford defines as “A person or thing that is valuable or useful to somebody/something.”
The...
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Insurance
Why do you need insurance?
Insurance is a way of managing risk. When you establish insurance, you transfer the cost of a possible loss to an insurance company in exchange for a fee, called the premium. Insurance companies invest the funds wisely, so it can grow, and so it can be paid out when there’s a claim.
Insurance helps you:
Own a home, as mortgage lenders such as banks need to know your home is...
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Articles
Why you need an emergency fund
Most financial experts say that you should have a sum of money set aside that totals at least three to six months of living expenses. This should be readily accessible and is commonly called an emergency fund.
Despite this, according to NZ comparison site “Finder”, as of February 2020 more than a third of Kiwis only have enough money to get from one payday to the next, and one in five...
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