We look at how to minimise your costs whilst ensuring a practical level of cover. This approach requires a full financial plan and risk assessment; so that you understand the trade-offs and have a plan in place for any health outcome.
Life insurance is one of those things that is so easy to dismiss because you can so easily defer thinking about it. After all who wants to pay for something they have no intention of ever using!
It is easy to think “I’m healthy … I’ll get life insurance when I need it.” There is nothing wrong with this logic as long as you accept that this is analogous to Russian roulette, because it is too late to get insurance after something goes wrong. You will not be able to get cover for any related illnesses for the rest of your life.
Deferring life insurances is a calculated guess that you’ll end up picking the right time to get cover, logically just before something goes wrong. Hey that’s cool – just make sure you don’t get your timing wrong! (I slipped a disk at 36 and so have a full back exclusion from my income and medical policies for the next 60 years!)
Remember that life insurance is cheap when you’re young and healthy precisely because you are young and healthy.
We predominantly offer Life Insurance through AMP, Sovereign, and ING – three of New Zealand’s leading Insurers. Squirrel can access the wider insurance market through our relationship with specialist Life Advisors.