Frequently Asked Questions
Do I need Life insurance to get a mortgage?
No, you don’t. Most banks will try and sell you life cover but you don’t.
Who has the best life insurance policy in New Zealand?
This depends on what you want for your beneficiaries. Some polices have links to Trauma cover which can be paid out while you are alive. And when you die the balance is left over. Some companies allow you to by back the Trauma Policy and exclude the illness they paid out on, this in effect allows you to claim again for a trauma event. You need advice on this.
When Should I get Life Insurance?
The simple question to this is to ask yourself ‘if I died yesterday, what would my dependants have? – this applies for business owners and families.