You need hospital treatment
You need to have hospital treatment. A major health problem can put your life on hold. To get back to living you need to avoid waiting lists and get quality advice and treatment quickly.
What would happen if you faced a serious health problem? If you'd want to be able to get the treatment you need, at a time and place of your choice, then health insurance is the way to go.
A good health insurance policy will pay for 100% of the costs of private hospital treatment. It will also cover major diagnostic tests like MRI and CT Scans.
Learn more about Health Insurance
Your are too sick to work
Along with your health, your ability to earn is probably the biggest asset you have. In the event of an accident ACC might pay, however in the event of sickness there is no ACC available.
What would you do if a serious illness or accident stopped you from working for the next couple of years - or longer? How long would you last if you were unable to work, and who would this affect?
Income protection provides you with a monthly benefit that replaces a percentage of your income, so you can keep on top of debt and living costs. A mortgage repayment policy is an alternative which simply covers your ongoing mortgage repayments.
Learn more about Income Protection
You suffer a major health condition
These conditions (like serious cancer, heart disease & stroke) can be sudden and will certainly have a huge impact on the way you live, for example requiring time off work and readjustment costs.
If you suffered a trauma condition what would the financial impact be - and how would you and your family cope?
Trauma insurance pays a lump sum if you suffer a condition covered by the policy. A good trauma policy will cover over 30 major health conditions, with most claims coming from "the big three" (serious cancer, heart disease & stroke).
Learn more about Trauma Insurance
You are unable to ever work again
The impact of this on you and your family would be life changing, with loss of income affecting the ability to pay for living costs, mortgage payments etc.
If you were permanently unable to work, what would the financial impact be - and how would you and your family cope?
Total & Permanent Disablement (TPD) Insurance pays a lump sum in the event that you're unable to ever work again - totally and permanently disabled.
Learn more about Total and Permanent Disablement
You die (or are terminally ill)
Financially this could be disastrous for those you leave behind.
If you were to suddenly die, what would the financial impact be on loved ones? Would they be able to cope with responsibilities like debt repayment and living costs?
Life insurance pays a lump sum in the event that you die (or become terminally ill).
Learn more about Life Insurance