That’s where insurance comes in, helping you protect what you’ve worked so hard to achieve. Read on to learn more.

Your first home

Buying a home is an exciting step. For most New Zealanders, it also means taking on a mortgage – a big financial commitment. It’s unpleasant to think, but what would happen if an accident or illness prevented your family from meeting those payments? How would you manage the mortgage?

Depending on your situation, options like mortgage protection, life insurance, or income protection could make all the difference. Life insurance, for example, offers a payout to help your loved ones cope financially if you’re no longer there. Income protection, on the other hand, can help replace up to 75% of your income for an agreed period, and after a specified period, if you’re unable to work due to an injury or illness.

Like to learn more? Contact us: your Insurance Link adviser can guide you through your options.

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A growing family

Starting a family is a joy, and with little ones now depending on you, you want them to have the best possible future – no matter what.

So, it might be helpful to consider a mix of insurance options. Protection tools like life insurance, health cover, income protection, and trauma insurance are all worth exploring.

For example, trauma insurance (also known as critical illness cover) provides a lump-sum payment if you’re diagnosed with one of the serious health conditions listed in the policy, like heart attacks, strokes, or cancer. This payout can be used however you choose – whether for medical expenses, household bills, or taking time off work to recover. You see how crucial this financial safety net could be for a family: it means you can focus on recovery and family time, knowing your loved ones’ well-being is secure.

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Getting married

Marriage brings two lives together, along with finances, dreams, and plans. It’s a wonderful milestone, but it also means new financial responsibilities. If something happened to you or your partner, would either of you be able to manage on your own?

Insurance can help you answer this question confidently. Once again, it may be worth considering a blend of options, including life insurance and income protection, depending on what makes sense for your shared goals. Remember – insurance is about protecting the future you’re building together.

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A new business

Starting a business, whether as a sole trader or company, is an exciting venture. It’s a chance to follow your passion and create something of your own. But with opportunity also comes risk.

Different types of insurance can help mitigate these risks. Besides the types of cover we’ve already mentioned, you may also want to look at your business insurance options. By planning for the unexpected, you’ll have the confidence to focus on growing your business and reaching your goals.

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Approaching retirement

As you near retirement, it’s natural to start thinking about how to protect the wealth and security you’ve built over the years. You want your nest egg to support you comfortably, with fewer worries about unexpected costs or financial setbacks.

It’s worth noting that insurance costs tend to rise as you get older, because your risk also increases. That’s why it’s key to find a balance between your budget and the coverage you need. Your Insurance Link adviser can help you with that – whether you’re looking at leaving a legacy or simply enjoying your hard-earned golden years.

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Pro tips: How to choose the right insurance for you

Choosing an insurance plan can feel overwhelming, but it doesn’t need to be. Here are a few simple steps to help you make an informed decision:

1. Seek expert help: Speaking with an Insurance Link adviser can help you understand the options available and how they relate to you.
2. Assess your needs: Working with your adviser, review your current life stage, financial commitments, and potential risks.
3. Think about your goals: Share your short and long-term goals with your adviser. We’ll guide you in choosing policies that suit your priorities best, ensuring your family and assets are protected at every step.
4. Check your budget: It’s crucial to keep insurance premiums within a budget you can maintain. Your adviser can help you strike the right balance between getting adequate coverage and staying within your financial means.
5. Review regularly: Life changes, and so do insurance needs. Regularly reviewing your coverage with an adviser ensures that your plan remains relevant as your circumstances evolve, whether it’s a new job, a growing family, or a lifestyle change.

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Get in touch: we can help

Choosing the right insurance plan for you doesn’t have to be complicated. Get in touch today: by working with an Insurance Link adviser, you can feel confident that you’re building a financial safety net that fits your life perfectly.

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.