Kiwis are well known for their "she'll be right" attitude. It's probably one of the reasons we are among the least insured nations in the developed world, according to research from the Financial Services Council.
Everyone knows that bad things happen to others, but it's often hard to imagine something terrible happening to yourself. The reality is that tragedy can hit anyone. Passing away, becoming seriously ill or being unable to work for a period of time can have a significant financial impact to you, your family and your business.
Many Kiwis believe that if something bad happens to them, ACC will be there. While ACC is a great system, only about 12% of hospital admissions are due to accidents, according to DHB discharge statistics (for the July 2015 to June 2016 year). That means most of the serious things that happen to New Zealanders, aren't covered by ACC.
It can be tempting to put off getting life insurance until you feel like you 'really' need it. But there isn't a perfect time, and it's not worth leaving it until it's too late. According to Statistics New Zealand, about 20% of Kiwis pass away between the ages of 18 and 65. There's just no guarantees.
But that doesn't mean you can't be prepared.
Get in touch with us and we’ll connect you with an independent financial adviser based in your area. They’ll work with you to understand your individual financial situation and tailor a plan that reflects your needs. The consultation is completely free, and there's no strings attached.