Insurance

Life insurance

Ensure your family or business can manage financially if the worst were to happen. Life insurance is not about life or death; it’s about your love for your family. Nobody has a control over death – but you have control over your life and the legacy you leave behind for your family. You don’t want to lose out on the opportunity a life insurance policy provides to create a legacy for your family.

Life Insurance provides a simple answer to a very difficult question: What will be the financial impact when I die? That’s why planning for the future is one of the most important things you can do to ensure your family doesn’t have to face any financial hardship when you are not around. In simplest terms, Life Insurance is where the insurance company agrees to pay you, or the business, an amount of money if you die or become terminally ill.

Medical Insurance

New Zealand has a good public health support system, but there are limitations as to what it can provide. There are plenty of reasons for you to consider buying insurance to cover private medical care, should you need it. One of the main reasons is the long waiting list for surgeries in most of the public hospitals. It is a fact, when a serious illness occurs, people don’t want to standby on waiting lists for weeks or months. They want an option to get a quick treatment in private hospital. You may have to pay the cost from your pocket if you are not insured under a medical cover plan.

Private Medical Insurance or Health Insurance reimburses you for your medical bills that occur for surgical or non-surgical and non-emergency conditions. This allows you to avoid the often long waiting list that typically comes with the public healthcare system.

Trauma Insurance

Trauma Cover provides you with a one-off lump sum payment if you’re diagnosed with a serious illness or injury that prevents you from working. You can use this lump sum on whatever you wish – whether this is medical expenses, paying off the mortgage or taking the family on holiday. What are the chances of you getting a serious sickness before the age of 65 you may ask? Just consider these facts:

* 25% of stroke sufferers will be under 65.
* Nearly 2500 breast cancer registrations in one year.
* Stroke Foundation of New Zealand.
* New Zealand Health Information Service.

Income Protection

An income protection insurance cover provides you regular cash flows while you are disabled to work in your regular profession. If you have a mortgage, you can ill-afford to ignore income protection insurance. We can provide a tailor-made solution to protect your income – your biggest asset.

What is income protection insurance?

Here’s everything you need to know about income protection. Protect your family’s financial future with the right cover. Income protection is as simple as it sounds – it’s insurance for your income. Can’t go to work because of sickness or injury? That’s what income protection is for and it will pay you a monthly benefit to replace your salary.

An income protection policy:

* Pays an ongoing monthly benefit of up to 75% of your pre-tax income until you return to work.
* Lets you cover your debts and expenses while you’re out of work.
* Provides peace of mind and financial protection for you and your family.

Redundancy Insurance

Redundancy insurance, often called unemployment insurance, is a form of income protection that can pay out if you lose your job. Policyholders can be paid through a tax-free monthly income, which starts after a pre-agreed waiting period (sometimes called the deferred period). This type of insurance is often used to protect mortgage repayments, income or loan repayments, or your wages.

Without redundancy insurance, you might have to take any available job despite your preferences.

At GLFS, we recognise that life can be stressful, especially when facing job loss.

Mortgage Protection

Mortgage Protection pays your mortgage instalments if you become sick, injured, or disabled and as a result are unable to attend work and pay your mortgage. Just like you protect your house from unforeseen situations with home and contents insurance it is just as important to protect your ability to pay off your mortgage and keep the house secure. After all, your home is a big and important asset but it is second to your ability to pay for it with your income.

To ensure you have sufficient insurance to cover yourself and your family in the event of a disability, sickness or injury, you must take mortgage repayment cover at least equal to your monthly mortgage instillments on your own home.