OCR Stays the same, but should your Income Protection?
NZ Advice Group Blog
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1w ago
In the wake of high interest rates and financial uncertainty, securing your mortgage and income insurance has never been more crucial. As the OCR (Official Cash Rate) remains unchanged as of July 2024, the impact of recent years' rate changes on your monthly mortgage repayments might be more significant than you initially thought. Here, we explore the importance of Mortgage & Income Protection Insurance and how it can protect your financial stability, especially in today's economic landscape ..read more
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Insurance Claims Statistics
NZ Advice Group Blog
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1M ago
In the ever-evolving landscape of insurance, understanding how claims are managed and paid out can provide policyholders with peace of mind and confidence in their coverage. Recent data from two leading insurance providers, AIA and Chubb, offers valuable insights into the current state of claims in New Zealand, highlighting the significant support these companies provide to their clients during challenging times ..read more
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Common Life Insurance Myths: Separating Fact from Fiction
NZ Advice Group Blog
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3M ago
Life insurance is a vital financial tool that provides protection and peace of mind to individuals and families. However, navigating the world of life insurance can be overwhelming, especially with the prevalence of myths and misconceptions. In this blog post, we aim to debunk these myths and provide clarity to New Zealanders, empowering them to make informed decisions about their insurance needs.Myth vs Fact: Debunking Common MisconceptionsMyth 1: Life Insurance is Expensive Fact: While the cos ..read more
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RBNZ Expectations Survey Insights
NZ Advice Group Blog
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5M ago
In the latest economic update, the Reserve Bank of New Zealand's (RBNZ) Expectations Survey provides insights that could impact your mortgage and financial decisions. Let's break it down:Inflation Expectations: Heading DownwardGood news for borrowers—business leaders and forecasters predict a drop in annual inflation rates from 4.7% to 3.22% by next year and further to 2.5% in early 2026. This aligns with RBNZ's goals and may mean steady interest rates in the near term. Wage Growth and In ..read more
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Looking Forward to Summer Fun
NZ Advice Group Blog
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9M ago
As we eagerly welcome the New Zealand summer, filled with sunshine and exciting activities, it's a good time to reflect on the unexpected events life can throw our way. A broken bone in a cast can result in a $15,000 cash payout. It may not stop the pain of the injury, but it will certainly help.Accidental Broken Bone Coverage: Peace of Mind for Your SummerImagine you're out cycling, working on a DIY project, or enjoying a friendly game of backyard cricket. While we all hope for safety, accident ..read more
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The Importance of Long-Term Life Insurance Coverage
NZ Advice Group Blog
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10M ago
Introduction:Recent data has highlighted a concerning trend in New Zealand - an increasing number of retirees are burdened with significant mortgage debt well into their retirement years. This trend underscores the importance of maintaining comprehensive life insurance coverage not only as you approach retirement but throughout your retirement years.Let’s delve into the significance of long-term life insurance coverage and introduce you to a valuable concept – leveling premiums – that can ..read more
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Talking to Family and Friends About Insurance
NZ Advice Group Blog
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11M ago
When you think about the topics you discuss with your friends and family, insurance probably isn't at the top of your list. It may seem dry, and many people hope they'll never actually need to use it. However, having occasional conversations about insurance can make a significant difference. It's not about giving advice or telling your them what they should do, but rather sharing your experiences and raising awareness about the importance of insurance. These discussions could open their eyes to ..read more
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Special Events Increase Benefits from Top Life Insurance Companies
NZ Advice Group Blog
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1y ago
Life is a journey of twists and turns, marked by milestones and moments that shape our path. The best life insurance companies in New Zealand understand this, offering you the flexibility to adjust your coverage as your circumstances evolve and significant events occur. One such remarkable feature that provides you with increased financial security is the Special Events Increase.Special Events Increase Benefits: The Special Events Increase is a pivotal built-in benefit that enables you to enhanc ..read more
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Why Health Insurance Matters: A Comprehensive Guide
NZ Advice Group Blog
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1y ago
Healthcare is a fundamental aspect of our lives, and as the demands on our healthcare system continue to rise, it's crucial to consider whether having health insurance is a wise decision. Surprisingly, only about 30% of New Zealanders have health insurance, according to the Health Funds Association of New Zealand. Now let us explore the significance of health insurance and provide valuable insights into what to look for when comparing policies. The Public Healthcare SystemWith New Zealand's ..read more
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How can you Safeguard Yourself from Crime?
NZ Advice Group Blog
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1y ago
Whether we like it or not, personal safety should be a concern for everyone. While it's essential to always be aware of potential risks no matter what plans you have put in place, there are proactive steps we can all take that that can minimise the chances of becoming a victim of crime.By incorporating simple and practical habits into different aspects of our lives, we can create a safer environment for ourselves and those around us.In this blog, we'll explore a range of ideas for protecting you ..read more
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