This strategy, which is available to some business owners, allows you to optimise your personal and business insurances by significantly increasing the scope of health and injury related illnesses that you're covered for, whilst also reducing your ACC levy.
So why should you be interested?
All of us contribute to ACC, which covers you for accidents - but not for higher-risk health related illnesses like cancer, heart attack or stroke; which means ACC is not available to you for the higher-likelihood health events that can significantly impact your health and business.
What kind of impact on your business would it have if you suffered one of these critical illnesses? What impact would it have on your family?
If you don't have any insurance, then you're potentially leaving yourself, your business and your family exposed.
If you have insurance but you haven't reviewed it for a while, then you're probably not getting the highest quality insurance available within your budget.
If you have insurance and your situation has changed since you took it out (for example, you've taken on more debt, you've had children, you've divorced, you've opened a business) then you probably don't have appropriate insurances or cover levels in place.
As the key person in your business it is vital that you have the appropriate insurance strategy in place to protect you, your family and your business.
If you'd like to know more contact me so we can organise a catch up to discuss your needs. I look at all insurers in the market and identify which insurances best meet your needs, and provide you with a recommendation. I'll walk you through the process, and help you understand why I've recommended a particular protection package.
My objective is to help individuals and business owners get the most out of their insurance, so that they can focus on getting the most out of life.
How to Optimize and Structure your Personal and Business Insurances and Mortgage for maximum success and happiness
Most people know exactly how much they pay for their personal and business insurance products, but don't know what value they actually receive from their particular provider's insurances.
On the other hand, whilst most people have a very good idea of the value they receive from their mortgage i.e. the value of their home and investment properties, they often don't know the price i.e. the interest rate that they are actually paying.
In both scenarios, individuals and small business owners are often unaware that better value personal and business insurances exist, and more cost-effective mortgages are available to them. And most unfortunately, having inappropriate or incorrectly structured insurances and mortgages in place can leave them, their families, and business exposed to financial hardship and ruin.
What is most concerning is that:
New Zealand insurance expert Russell Hutchinson from Quality Product Research, studied which New Zealand policies would have made full, partial or no payout in the Australian man's case. He found Partners Life and eight other policies would be likely to have made a full payout. ASB, Sovereign and Onepath (owned by ANZ) would be likely to have made a partial payout, and policies including Westpac's would be likely to have made no payout at all.
The value of insurance is that you are paid at claim time when you suffer an illness or injury - but many people only focus on the cost of insurance, which can leave them, their families, and business unprotected. Don't let this happen to you.
This results in individuals and business owners paying much higher interest rates than they otherwise should, taking away their ability to fund holidays with their family, invest in assets for their future wealth, and their ability to afford the best-value insurance for the long term.
There are countless stories of clients only being able to pay for the cheapest insurance available, or being forced to cancel their insurance because they can't afford it anymore, particularly as they get older - yet they don't see how they can easily free up the required funds to afford the best-value insurance available by looking at their mortgage and insurance together, and structuring them correctly.
Contact me now for your complimentary consultation.
Many people who want to buy insurance go and speak directly to an insurance company, or to insurance advisers who work for an insurance company; in both cases, you will only be recommended one company's products, and not be given choice about the best insurer for you.
Here is a diagram that explains why you should always seek advice from an independent insurance adviser:
The main message you should be receiving is that an independent insurance adviser will review all insurance products in the market, and recommend the insurer who best meets your protection requirements - for you, your family and your business.
As an independent adviser I look at insurance products across the market, and recommend the best insurer for you and your unique circumstances.
Many of my clients tell me how they find the insurance market very confusing, and i agree! It can seem like each insurer offers the same type of cover, such as Life, Critical Illness, Income Protection, and Total & Permanent Disability - but the reality is that each insurer's products offer unique features and benefits that only an independent insurance adviser will be able to explain.
Your health is your most important asset, and if you don't protect it then not only will you suffer, but also everyone who is dependent on you. If you are the main income-earner, have dependents who rely on you, have debt against your assets, or own your own business, then you need insurance.
My promise is that i'll work with you, and for you, so that you are given the best opportunity to protect yourself, your business, and family against death, illness and injury.
Contact me now for your complimentary consultation.