What does a Financial Adviser do

May 24th, 2021|Categories: Advisers, Blog, Financial Advice, Financial Adviser|

If want to know what does a Financial Adviser do, there can be a range of answers because the use of the term financial adviser is broad, and was defined under the new government rules and regulation. Financial Advisers work in three categories which are insurance, investments and finance.  Some advisers will provide all types of services such as Mortgage Finance, Personal Insurance such as Life Insurance and KiwiSaver while some will just provide service in one category such as Mortgage Finance. Financial Adviser Qualifications Financial Advisers are governed by the Financial Markets Authority (FMA) who hold advisers to a [...]

What will ACC pay for

May 4th, 2021|Categories: ACC, Blog|

What will ACC pay for is a very popular question and we need to understand what it will pay for and even more importantly, what it will not pay for.  There are limits to this cover and as obvious as it sounds, it is for Accident Only. Accident Only Income Replacement We have to acknowledge the place ACC plays in our lives as New Zealanders and how fortunate we are compared to other countries such as the United States.  However it is restricted to Accident Only and does not pay for being unable to work when you are too sick [...]

Small Business Insurance

May 3rd, 2021|Categories: Blog, Business Insurance|Tags: , , |

Some insurers provide specialist Small Business Insurance cover specifically for small business owners to pay for business expenses such as business debts, fund partnership buyouts and in some cases, you can insure a x (times) factor of your key person salary. The scope of this article is not to provide any business advice, but to help you understand how you can use innovative insurance products to provide capital if the need to buy out a business partner in the event of death or disability of that business partner. Death of a business partner. Apart from the emotional loss and the [...]

Cancer Insurance

February 21st, 2021|Categories: Blog, Trauma Cover|Tags: , , |

Cancer Insurance cover will pay you a lump sum if you are diagnosed with certain kinds of cancer, and in some cases there is also cover for gender specific cancers. We are fortunate in New Zealand to have such a free medical system, but that does not mean it is perfect with all the funding it needs. With an ageing population it may be fair to say that there is going to be more strain on funding for medical services as our population gets older. A headline in the New Zealand herald online on 21st December 2020 was as follows; [...]

Mortgage Repayment Insurance

January 20th, 2021|Categories: Blog|

Mortgage Repayment Insurance The benefits of having mortgage repayment insurance are well worth the premium charged to have such comprehensive cover. This type of insurance solution is very simple when in comes to assessing how much you get paid at claim time, because there are no other offsets if you are being paid ACC or any other benefit for the same disability. Unlike income protection cover, mortgage repayment insurance is generally not measured by the amount of income you earn, but rather how much your mortgage repayment is. The monthly benefit is generally not assessed as taxable income, but as [...]

Finding a financial adviser

December 21st, 2020|Categories: Blog|

Finding a financial adviser who can understand you is important but also one that fits as far as personalities go is just as important. Have you ever worked with someone good at what they do but cannot connect with people? Some personalities clash, and some just click, so find one that clicks with you. These days financial advisers have to register as a financial adviser and are regulated by the Financial Markets Authority (FMA). The first thing you should do when finding a financial adviser is to check the FSPR (Financial Service Providers Register) website to make sure that your [...]

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