Whether you're buying a house or renewing a mortgage, your loan rests on your ability to keep earning an income. Safeguarding your income, through illness or injury will protect your home and keep your roof over your head.
Whether you're buying a house or renewing a mortgage, your loan rests on your ability to keep earning an income. Safeguarding your income, through illness or injury will protect your home and keep your roof over your head.
It’s true. Whether you're buying a house or renewing a mortgage, the banks will only lend us money based on our ability to keep earning an income
Illnesses account for around 70% of all time off work. If we were to be sick and unable to work for three months, most of us would struggle to survive, let alone pay the mortgage.
We insure our homes, our possessions and our cars but not our biggest asset – the ability to keep earning an income. Protecting your income keeps the roof over your head.
If you have an accident and need time off work, your income drops by at least 20% while you’re receiving ACC payments. That’s one-fifth of your income, LESS.
What cover do you need when you buy property?
There are different ways to protect yourself and get the right mix of cover to suits you
Income protection
Income Protection can pay you a regular monthly payment of up to 75% of your income if you are unable to work due to sickness or injury. How you structure it, is up to you. Having your loss of earnings re-imbursed or getting an agreed amount paid to you, are some of the options available.
Mortgage Protection can pay up to 45% of your income or 115% of your mortgage/rent payments each month if you are unable to work due to sickness or injury. And in some cases, you can receive this in addition to your ACC payments as well as your Income Protection payments. You don’t need a Mortgage to have Mortgage Cover.
Specific Injury Benefit can be a great option if your insurer is unwilling to give you any Income or Mortgage Protection and you have some other Cover in place. It’s cost-effective and designed to tide you over financially if you get one of many common injuries from fractures and burns to loss of fingers and limbs. This too pays out in addition to ACC.
Life Insurance provides financial support to your family, in the case of premature death. The financial loss is effectively your income over your lifetime which ceases at death plus any associated financial expenses. Life Cover gives you the option to leave a beneficiary with a lower loan/mortgage, should the unmentionable happen. However, as your Mortgage reduces and your KiwiSaver balance increases, your need for Life Insurance comes down.
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I can't recommend Shona enough. My husband and I had a tricky Insurance situation and we both had differing opinions about Insurance. Shona was genuine, thoughtful and extremely helpful in helping explain the tricky and confusing world of health insurance and through her advice and time, we are both now on the same page. Shona is someone I would want on my side helping with any insurance issue arises. A genuine and heartfelt THANK YOU for her time and passion
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Laisa Baxter
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My experience with Shona was so positive. She's a delight to work with & she kept me informed throughout the process. I had no idea what I wanted or how to go about it but Shona was patient and she walked me through the type of insurances that was best suited for my family and I's situation. Honestly, if you're looking for somone to help lead you into the right insurance, look no further - Shona is your person. You won't regret your decision I promise ! :)
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Avianca Bohm
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I had an excellent experience working with Shona. She is extremely knowledgeable, patient, kind, and highly professional. What stood out most was her proactive approach and genuine desire to understand my situation from the very beginning—there was never any pressure at any stage.
She made what initially felt like a daunting process incredibly easy, giving me real peace of mind and reassurance throughout. Her communication is clear and transparent, and she is always available to answer questions or talk through any concerns.
She is an absolute pleasure to work with, and I would highly recommend her to anyone looking for trusted, supportive insurance advice.
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Donovan Keen
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Working with Shona on updating our life cover was extremely easy.
Shona's dedication to finding the best comprehensive cover for our needs went above our expectations. She found gaps in our previous policy that she reworked to better suit what our family would need in the future.
Planning for life's unexpected turns is not a fun topic to think about but Shona made it a whole lot less daunting, with plenty of laughs alone the way!
We would absolutely recommend Shona in a heart beat.
The Keen family
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M Metusela
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Kind, knows their stuff and honest. Neil and Shona genuinely want whats best for you. Rare to find. Highly recommend!!
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Rowena Nicolas-Lopez
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Shona genuinely took the time to listen to our concerns and went above and beyond to ensure we received the fullest possible benefit from the insurance we were purchasing. We are incredibly grateful for her care, dedication, and support throughout the process, and we would highly recommend her services without hesitation.
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TA-DI LTD
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We had such a great experience working with Shona on our insurance. She made the whole process feel easy and well managed, kept us in the loop at every step, and was always there when we had questions. Her support was consistent, proactive, and genuinely reassuring, which made a big difference. Professional, approachable, and a pleasure to work with. We couldn’t have asked for better service and would happily recommend her to anyone needing help with their insurance. 👍
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Divna Angelovska
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Really great experience with these guys especially with Shona. They were helping us throughout the whole insurance process, broke down everything in detail and made sure we understood everything before making a decision. Once we decided to take their advice Shona took it from there and went directly to the company to sort everything. Overall really happy with the service provided and they made us feel like they had our best interests at heart. Cant recommend enough!
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Csaba Kószó
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Shona’s an absolute legend! 🙌 She made the whole insurance and overseas surgery process easy as — no stress, no drama. Super onto it, clear, and just a genuinely cool person to deal with (who knew an insurance broker could actually be fun?!). Thanks to her, we realised how awesome it is having private insurance when things get tricky. Can’t recommend Shona enough! 👏
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Trinity Beange
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I have been with Shona for the best part of a decade now and have had nothing but the best experience. Shona has helped my family and I immensely. She provides a service thats second to none. For us she is worth her weight in gold. She has never dropped the ball and has shown a tenacity in her role that few could match. We highly recommend Shona and would never use anyone else’s services!
Estimating how much you can save through your KiwiSaver helps you make your dream of owning your first home, a reality. This tool helps you decide which fund choice is right for you and how much you need to contribute to get to your goal.
Once you’ve used up your KiwiSaver to buy your first home, the focus needs to change to growing your savings for your retirement. You may wish to increase your contribution rate, change your Provider or even take a savings break. Find out more information on making changes to your KiwiSaver here
Clients of mine who have simple estate planning needs, can put a cost-effective, legally binding Will in place using Simple Wills, to ensure that their assets are distributed according to their wishes should the unmentionable happen.
