Learn To Fight Less About Money Issues

Money issues are are a leading cause of marriage problems in New Zealand and around the world. Ask yourself how often have money issues affected your relationship? Sure, some people have serious…

Make Sure Your Finances Are In The Best Shape For 2015

The early part of the year is always a good time to review everything including how you have your finances arranged. There is some useful information on websites like the “sorted”…

New Zealand Mortgage Brokers Can Help Overseas Buyers

New Zealand is a great country to live in and there are some great New Zealand mortgage brokers here for anyone shifting to our beautiful country. A mortgage broker can…

How To Save A $100,000 House Deposit In 2015

We admit that saving for your first home is hard and now with a larger house deposit required it is harder than it was a few years ago, but it…

Passive Income Negates The Need For Mortgage Cover

Does Passive Income Negate The Need For Mortgage Cover?

Firstly you need to understand the reason people have mortgage cover – to ensure that the mortgage commitments are met while you (the insured) is unable to meet those commitments. This could be due to your inability to earn income from either a disability or death.

Does Everyone Need Mortgage Protection Insurance?

The simple answer is “NO”

You need to ensure that the income you generate does not need your personal exertion.

That is passive income.

As mentioned above, the reason that you would have mortgage cover is to ensure that you can make your mortgage repayments if your income stops so having passive income that continues means your income does not stop

How Much Passive Income Do I Need?

Mortgage Protection Insurance Helps Provide Certainty

provide certainty for your familyProvide Certainty For You And Your Family

Buying a new home can be exciting and often people fail to consider what might happen if there is a problem within the family or an inability to work for even a short period of time.

We all know that we should plan for the unexpected, but people can often overlook this when they are so focused on the new home.

Your Mortgage Is A Big Commitment

When you buy a home you are buying a very expensive asset, but in most cases are also taking on a very large and long-term financial commitment – your home loan.

The loan repayments might use 40% of your income – it is very significant.

Who Wanted To be A Pirate As A Boy?

I Wanted To be A Pirate As A Boy Today most of us think of pirates as the Robin Hood of the sea, unaware of the reality. Yes, most boys like…

Is Using A Life Insurance Calculator The Right Thing To Do?

They say in life only two things are certainties – death and taxes.

You do not need a life insurance calculator to tell you that!

Is A Life Insurance Calculator Needed?

Statistics tells us that in 2013 there were 29,568 deaths registered in New Zealand.

When you look at the statistics in more detail we can tell you that people between the age of 35-40 make up 1% of those deaths while people aged 55-60 make up almost 5%. Of course most of the population these days lives beyond 80-years old, but if you were to die at an earlier age you want to know that your family is going to be okay financially.

But I Already Have Life Cover!

Most banks and insurance companies will calculate how much life insurance I need based on how much debt you have,

Is Using A Life Insurance Calculator The Right Thing To Do?

They say in life only two things are certainties – death and taxes.

You do not need a life insurance calculator to tell you that!

Is A Life Insurance Calculator Needed?

Statistics tells us that in 2013 there were 29,568 deaths registered in New Zealand.

When you look at the statistics in more detail we can tell you that people between the age of 35-40 make up 1% of those deaths while people aged 55-60 make up almost 5%. Of course most of the population these days lives beyond 80-years old, but if you were to die at an earlier age you want to know that your family is going to be okay financially.

But I Already Have Life Cover!

Most banks and insurance companies will calculate how much life insurance I need based on how much debt you have,

Don’t Accept Insurance Exclusions Without A Fight!

When you apply for mortgage protection insurance you will be required to complete an application form which includes details about your health, your occupation and activities. The reason for these questions is to assess as accurately as possible the risk for the insurance company and therefore to determine if they are able to offer you insurance at standard rates, with a loading or with any exclusions.

Insurance Companies Are In The Risk Business, But…

Insurance companies are in business to make a profit, and one of the ways they ensure their profitability is by limiting their risk.

That may sound a little odd at first since no one lives forever!

Insurance companies try to protect themselves from paying claims for people who die younger tha