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Money Printing Machine

If you did happen to have a machine in your home that printed out cash money every week would you look after it? Would you insure it? Of course you would, after all that machine would be able to pay all your bills and give you a great lifestyle. Everyone has this money printing machine! Its you. Each week you make money for your family to pay your bills and to enjoy life with. You are worth insuring. Insure your body against injury and illness, insure your income if you are unable to work a...

What to do when your fixed rate is about to come off your home loan.

In this video, I discuss re-fixing your home loan. When you take out a new loan you might fix that loan for 2 or 3 years and then it comes to the end of its fixed term... what do you do then? Generally, you’ll get a letter in the mail from the bank and they will suggest to fix it for another 2 to 3 years or whatever they’re recommending people to do at that time, or they might just say 'do nothing and you’ll automatically move on to the floating rate.” But there are two r...

Why can Income Protection be so expensive?

I am often asked why income protection is so expensive. There can be a lot of reasons, take these points into consideration: Age Sex Smoking status Job description (manual or office based) There are a number of other points taken into account by the insurance companies but one of the biggest reasons the premiums for income protection can be high is because it can provide a monthly percentage of your income until you are 65 or 70 years old. For example:A 40 year old who is insured for $50,000 per...

Life cover premiums that stay the same each year

Wouldn't it be nice to have the same premium each year on your life cover! Yes it would, especially when the premiums go up each year based on your age, and when you get in your 60's its a massive jump each year. If you plan on keeping your life cover for as long as possible then call us to talk about making your premiums level. You can do this in a few ways and each one may work depending on your situation. You can save thousands of dollars by getting in on this option early and have piece of m...

Interest Rate Update

Nothing ever stands still when it comes to interest rates and the last couple of weeks have been no different with minor tweaks from most banks. With the Official Cash Rate increasing last month the banks were tipped to increase fixed interest rates again but these have remained steady and we have even seen decreases in some places.  The reason for this is that the trading banks have already increased their fixed rates considerably since the end of 2013, because of predicted rises in the ...

Insure your home for its real value

When insuring your home, it is now more important than ever to get independent advice.  House insurance has changed and your home may now no longer be insured for its “Full Replacement”.  Your house now needs to be insured for a “Sum Insured”; a value that should represent the replacement cost of the house. It makes sense to obtain as much sound advice as possible to make the best decisions in protecting your most valuable asset. You will need to determine an appropriate “s...

When does your life cover expire?

Most people don't think about lasting longer than their life cover will, but for a lot of people out there that's exactly what will happen. A large number of people I talk to that took out life cover over 10 years ago have never checked to see when it expires and they get a shock when I tell them it's at age 65. Most life insurers run their life cover through to age 100 but there are a lot of older policies out there that don't do that and will stop when you get to age 65, which might be getting...

For every home lost by fire.....

There are FOUR lost through death and 48 homes foreclosed as a result of disability or not being able to work. (source: CommInsure Commonwealth bank of Australia claims experience 2010) We highly recommend insuring your home against fire at NZ Advice Group, but we don't want you to forget that it could be even more important to insure your income in case you are unable to work, and your life in case you pass away so your family still has a home to live in....

Insurance Claims

When something happens and we need to make a claim on our cover it can be a very difficult time. It could be a life claim for someone very close to us or a trauma claim when our loved one is now in hospital, but whatever the reason for the claim, its nice to know that you can call Reagan directly to discuss it and get his help to fill in the claim forms for processing. Its always nicer to deal with someone you know and was there with you when you filled in the original application forms rather t...

Reducing Short Term Debt

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Farmers changing roles on June 1st

This time of year a lot of farmers are sorting out their new farm or new farm roles for the changes on June 1st. Some farmers are now going to be self employed for the first time as 50/50 sharemilkers and are buying their new herd or are taking on a contract as a lower order milker. With these changes being made there is usually a need for a review of their life insurance for those taking on more debt but also income protection if they are unable to work due to sickness or accident. Farmers ha...