If your family depends on your support then you need life insurance to protect them from financial worries in the event of death, injury, or serious illness. Life insurance gives your family peace of mind that they’ll be able to cover the bills if you’re not around or not able to work. It’s important to get the right amount of cover so your family isn’t left out of pocket. To get the right insurance, you need to talk to the experts. Talk to your local NZbrokers member today about how we can help you get the right policy for your needs.
Life insurance can give your family peace of mind that, if you can’t support them because of death, illness, or injury, then they’ll still be able to maintain their lifestyle. Having to pay the mortgage, school fees, and bills doesn’t change when you’ve had a life-changing event. Life insurance can take care of your family’s money worries while they cope with their loss.
And, life insurance includes more than just a payout when you die. You can also get cover that makes up the shortfall in your income if you’re injured and unable to work. And critical illness insurance covers you if you’re diagnosed with a serious disease like cancer. It can deliver a lump sum to let you focus on getting better rather than worrying about how the bills will be paid.
If, like many New Zealanders, you’d prefer not to think about death, you could be missing out on an opportunity to provide for your family if the worst should happen.
To find the right policy for you, it’s important to talk to an expert who can walk you through the different options and choose the right policy for your needs and budget.
NZbrokers is a network of independent brokers with extensive experience in life insurance, and we have a broker close to you.
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When a family’s main or significant income earner passes away or can no longer work, the financial stress can be overwhelming. Loved ones are left wondering how to cover their daily expenses. Without a safety net, they could lose their homes and be dependent on the welfare system.
Life insurance can provide a valuable safety net when the main income earner can’t work for any reason. Death is the most obvious, but there are also policies that can pay out a lump sum if the person receives a critical illness diagnose, while others will provide an income if the person is ill or injured and can’t work, either temporarily or permanently.
Getting the right insurance policy depends on your individual circumstances such as what you do for a living, how much money you earn, and how much money your family would need to maintain their lifestyle.
While life insurance doesn’t have to be expensive, it can be invaluable, especially if other members of your family are unable to work and there is no other income.
There is a lot to consider when it comes to the different forms of life insurance, so it’s important to speak with an expert who can walk you through the different options and show you how your family will be affected.
For example, you may need to take out a higher benefit than you originally thought so you can make sure your young family is covered until your children are 18 and able to provide for themselves. Or, if your children are older, you may be able to insure your life for a smaller benefit at a lower premium.
Of course your premiums will be affected by things like your age, existing medical conditions, whether you smoke, and what you do for a living.
To find out more, consider working with an independent, transparent insurance broker like your local NZbrokers member. It means you don’t have to spend time and resources investigating all the options and hoping you don’t miss something. Your broker will be able to find the right policy for you and you may even end up paying less than you think for better cover.
Contact one of our independent brokers today to find out more.
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