Friday, 24 March 2017
We avoid the paperwork, don’t read the terms and conditions and skip the small print. We also avoid advisers because they want to talk about difficult topics when we’d rather be doing something else.
According to a report commissioned by the Financial Services Council – the People Insurance Gap – Exploring Underinsurance in New Zealand – there is evidence of widespread inadequate insurance, with 54% of Kiwi main income earners being more than 20% underinsured for life insurance and 43% being over 40% underinsured.
Additionally, people are not reviewing their insurance when their personal circumstances change.
Prepare now for the unexpected. Talk to our colleagues at AdviceFirst about how we can assist you with planning for the future. Call them on 0800 438 238 or click here to send an email and find out how to get the cover you need now.
Source: Exploring Underinsurance within New Zealand, Massey University study for the Financial Services Council. FSC Underinsurance Project 2011. Michael Naylor, Dr Claire Matthews, Dr Stuart Birks, School of Economics and Finance, Massey University of New Zealand
The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission. A disclosure statement is available from your adviser on request and free of charge.
Ready to take the next step or have more questions?
Call 0800 102 100 to arrange a no-obligation consultation with a Spicers adviser... More >
The Advice Process
The advice process includes four stages – discovery, developing your plan, putting the plan into action and reporting/reviewing.... More >
How much do you need?
Use our calculators to identify your retirement and savings goals... More >
Looking for an adviser in your region?
Select your region to find a list of Advisers in your area or give us a call on 0800 102 100 to be connected with your nearest... More >