Clients often come to us with a common issue concerning the fact that their premiums are rising with each passing year. In continuation of this fact we have seen clients requesting to cancel their covers because it has become unaffordable. The real issue with the latter situation is that we have a situation where we see clients lose out on having covers when they have a maximum possibility to make claim -at their old age. This posed a real issue as clients were left with no insurance covers or were expected to pay a high premium which many times is unaffordable. We advised clients to consider a level premium option as opposed to a rate to age / stepped premium mode that was increasing with each passing year. The outcome of this approach was that premium increases when making the switch from rate to age to level but thereafter premiums will remain the same means no increase in premium. This approach has the following benefits for clients: i. Premium is not increasing...
Choosing an insurance can be a difficult task there are several types of coverage as well as companies that offer this services. In New Zealand, you must get many companies with different types of insurance policy. You could be looking to relocate to New Zealand or you have gotten that job and now you need better insurance. Whether you need Car, Health, travel, home or life insurance. Whatever the reasons you can now have some peace of mind when it comes to choosing the best life insurance policy in New Zealand . Committing to an insurance policy requires the full understanding of the policy document. Otherwise, there will be consequences you do not understand which can be very frustrating. A little bit about life insurance policy Every legal document comes with a twist of words and paragraphs that are somewhat confusing. Each insurance policy differs from the other especially if they are from different companies. You don’t need to worry anymore. According to expert, there is no fix...