Has anything changed in my life that could affect my coverage?

This is the cornerstone of any insurance review. Whether you’ve bought a home, started a family, or changed jobs, your circumstances might no longer match your current policies. By discussing these changes with your Insurance Link adviser, you can ensure your coverage reflects your lifestyle and priorities.

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Are there any exclusions or conditions I can revisit?

It’s easy to forget what your policy covers or excludes over time. Plus, certain exclusions or loadings might now be reviewable or even removed, depending on the type of exclusion, how much time has passed, and whether your situation has improved. Ask your Insurance Link adviser to clarify these details and explore possible updates.

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Am I eligible for extra benefits?

Some insurers offer perks as part of their policies, like gym membership discounts, annual health check-ups, or access to wellness programs. Many policyholders overlook these benefits, but they can save you money and enhance your well-being. Why leave these added perks unused?

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Does my health insurance cover non-Pharmac treatments?

Non-Pharmac-funded medications—approved by Medsafe but not yet subsidised—can sometimes be life-extending but costly when not covered. If you have health insurance, ask your Insurance Link adviser whether your policy includes this coverage and for what amount. If you don’t have health insurance, your annual review is the perfect time to explore policies that include non-Pharmac cover.

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How does the excess amount affect my health insurance premiums, and should I adjust it?

The excess is the amount you pay before your health insurer contributes. If you’ve built up savings since your last review, raising your excess can lower your premiums and free up funds for other financial priorities. Ask your Insurance Link adviser if adjusting your excess could make your health cover more cost-effective.

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What happens to my policy if I change jobs or become self-employed?

Planning to switch jobs or start your own business? Employment changes can impact your income and insurance needs, including income or mortgage protection insurance. Your Insurance Link adviser can help ensure your policy evolves with your career, so your protection remains robust and relevant.

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What’s the claims process like, and is there anything I need to prepare?

Understanding the claims process before you need it can save you unnecessary stress during an already stressful time. Ask your Insurance Link adviser what documentation or steps you should prepare to make filing a claim seamless, ensuring support is available when you need it most.

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Do I have sufficient protection for my children and dependents?

If your family has grown—whether you’ve welcomed a baby or tied the knot—it’s vital to ensure they’re adequately protected. Make sure you discuss with your Insurance Link adviser whether your current policy covers your dependents’ needs or if additional protection is required.

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I’ve paid down my mortgage; should we adjust my coverage?

If your mortgage balance has significantly decreased, you might be over-insured. By reducing your coverage to align with your debt, you could free up funds to divert on other policies or financial goals. Your Insurance Link adviser will be happy to review your plan and explore opportunities to optimise your overall protection.

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Ready to review your insurance?

These are just some key questions you can ask, but there will likely be more. Remember: no question is too big or small for your Insurance Link adviser.

Get in touch today – we can make you sure that your insurance plan works as hard as you do to secure your future.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek financial advice.

A full disclosure statement for each Insurance Link Adviser is available on request and free of charge.