Life cover
Death is a fact of life. It's probably not the topic of choice to discuss, but the simple fact is none of us can escape it. The great uncertainty is when and how it will happen. Being prepared for it can have a major positive implication for those we leave behind. Conversely, behaving like the proverbial ostrich (burying one's head in the sand) and pretending it's not going to happen any time soon, can have major negative implications for our loved ones.
Ask yourself the question: "If I were to die tomorrow, how would my family cope financially?"
Ask yourself the question: "If I were to die tomorrow, how would my family cope financially?"

Will there still be a mortgage on the family home? Will my family continue to be able to stay there? Will they have to move to a "more affordable" area, and what does that mean for schooling, support networks, transport etc? Are there other debts that might be a burden to them? Will my partner be able to stay home and raise the children, or will that not be possible? And what are the implications of that? Will my children still be able to go on to tertiary education? Will my partner still be able to retire? Will my family have the future we were all hoping to have?
Insurance is not what it's all about. Rather, it's about the value insurance can help bring to you and your family. It’s designed to replace the economic value of a person to the household. If someone dies it can pay off debt and let the surviving family members continue to live comfortably. That’s why it’s important to get it right.
Insurance is not what it's all about. Rather, it's about the value insurance can help bring to you and your family. It’s designed to replace the economic value of a person to the household. If someone dies it can pay off debt and let the surviving family members continue to live comfortably. That’s why it’s important to get it right.
There are certain times in your life when you have to think about your insurance cover again, for example:
So what are the chances?
- if you've taken out or increased a mortgage,
- changes to marital status,
- if you've had a child,
- changes in employment.
So what are the chances?
One person dies approximately every 16 minutes in New Zealand. In 2018 that amounted to 33,222 people (1).
One of the leading causes of death in New Zealand for both males and females is cancer- accounting for about 30% of all deaths. The number one cause of cancer deaths for both is lung cancer. For males that's followed by colorectal and prostate cancer. For females it's followed by breast and colorectal cancer (2). Cardiovascular disease (includes heart, stroke and blood vessel disease) is the leading cause of death in NZ. Coronary artery disease causes the death of one New Zealander every 90 minutes. Consider also that 1 in 20 adults are living with heart disease- that's 180,000 New Zealanders (3). The picture for females in particular is not good- under age 50 females are twice as likely as males to die from a heart attack. And whereas 24% of males are likely to die within 1 year of having a heart attack, for females it's 42%. This does not just emphasise the importance of life cover, but also the need for good trauma cover. Stroke is the 3rd largest killer in New Zealand- accounting for about 2,500 people per year. |
What does this mean to you?
Having the right cover in place can make an enormous difference to the quality of life to your loved ones post such a catastrophic event happening to you. There is no reason to put you and your family at risk, when a solution could be simple. If you would like help to see what you can do click here to email us, or call us on the numbers listed below.
(1) www.stats.govt.nz
(2) Ministry of Health 2018. Historical Summary 1948-2015
(3) www.heartfoundation.org.nz
Having the right cover in place can make an enormous difference to the quality of life to your loved ones post such a catastrophic event happening to you. There is no reason to put you and your family at risk, when a solution could be simple. If you would like help to see what you can do click here to email us, or call us on the numbers listed below.
(1) www.stats.govt.nz
(2) Ministry of Health 2018. Historical Summary 1948-2015
(3) www.heartfoundation.org.nz