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Life Insurance

Secure your family’s tomorrow while embracing today with comprehensive life insurance tailored for New Zealanders. Protect your loved ones from the uncertainties of life and ensure their financial stability, no matter what the future holds.

Empowering New Zealand Families: Resilient Financial’s Personalized Life Insurance Solutions Provide Security and Peace of Mind

Resilient Financial, your dedicated partner in safeguarding the financial future of New Zealand families. With our personalized life insurance solutions, we understand that each family’s needs are unique. That’s why we work closely with you to craft customized coverage plans tailored specifically to your financial situation and long-term goals. At Resilient Financial, we believe in providing more than just insurance policies – we offer peace of mind and ongoing support, ensuring that you and your loved ones are protected no matter what life may bring. Join us in facing the future with confidence, knowing that you have a trusted ally by your side, ready to protect what matters most.

Income Protection

This cover is eligible to a wider range of people or may be combined with mortgage protection. You will receive a monthly payment according to the terms of the policy. Choosing a different payment period for example 2 years, 5 years or to age 65 will dramatically affect the costs. Premium paid will also be dramatically affected by the wait period. Are you willing to wait 4 weeks, 8 weeks 13 weeks or longer before being eligible for payment. Again this decision will dramatically affect premium.

Trauma Cover

This cover is designed to give financial protection should you be diagnosed with a named condition. This may cover a range of cancers, strokes and a list of serious diseases. It is paid as a lump sum with the owner having complete discretion as to how they spend themonies.

Mortgage Protection

This cover helps through tough times if you are unable to work. You will receive a monthly payment according to the terms of the policy. Choosing a different payment period for example 2 years, 5 years or to age 65 will dramatically affect the costs. Premium paid will also be dramatically affected by the wait period. Are you willing to wait 4 weeks, 8 weeks 13 weeks or longer before being eligible for payment. Again this decision will dramatically affect premiums.

Terminal illness cover

Discover how Resilient Financial’s terminal illness cover offers crucial financial protection and support during challenging times—ensuring peace of mind for you and your loved ones.

Funeral costs
cover

Resilient Financial’s funeral cost cover provides a compassionate and practical solution to alleviate the financial burden of funeral expenses, offering peace of mind during difficult times.

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Frequently Asked Questions

What is life insurance?

Life insurance serves as a financial safeguard designed to provide peace of mind for you and your loved ones. Upon the death of the insured individual, or in certain policies upon diagnosis of a terminal illness, it offers a payout. This financial security ensures that your dependents can maintain their standard of living, manage debts, and cover any additional expenses arising due to the loss.

Understanding Life Insurance Types

Term Life Insurance offers a payout if the insured dies for so long as the premiums are paid. In New Zealand an important choice is whether to have rate for age policies that start of less expensive but get more expensive as you get older. A second option is level life cover which has a fixed payment until a pre agreed age. This can allow for budgeting. Common policies have a level premium until aged 80 or even 100.

Whole Life Insurance provides lifelong coverage, incorporating an investment component that accumulates cash value. This type of policy ensures that, regardless of when the insured person dies, a payout is guaranteed. The premium is higher compared to term life but offers the double benefit of acting as a financial asset. These have been icreasingly out of favour out of favour in the last 20 years but are important to understand as many Kiwi’s still have them.

Family Protection Insurance provides a monthly income to your family rather than a lump sum, over a set period after the policyholder’s death. This suits families needing continuous financial support, particularly useful for covering regular living expenses and providing stability in difficult times.

Deciding on Coverage Amount

Determining the right coverage involves assessing your financial obligations and the standard of living you wish to secure for your dependents. Calculate outstanding debts, including mortgages, personal loans, and future expenses such as education costs for children. For example, if you have a $300,000 mortgage and expect $200,000 in education costs, a policy offering a $500,000 payout could be considered adequate. However someone else in the same situation may want $1,000,000 in cover to pay of debts, education and have a further $500,000 for income replacement. So much depends on your personal view point and situation. Do ge3t in touch if you wish to discuss your personal situation.

Policy Premium Considerations

Premiums vary depending on the policy’s value, your age, health, and whether you smoke. For two adults, premiums can start from $600 a year for a $500,000 payout, with insurers offering fortnightly payment options to manage finances better. Age plays a critical role; the younger you are when you take out a policy, the lower the premiums. Pre-existing health conditions affect premiums too, but comprehensive guides and policies tailored for such circumstances are available, ensuring everyone has access to life insurance.

Is it better to save or have life insurance?

Opting for permanent life insurance is advisable as it allows you to save, build wealth, and provide financial protection for your family simultaneously. Unlike a mere savings account, it offers comprehensive coverage, ensuring no financial strain on your loved ones in case of unforeseen events.

At what age should you buy life insurance?

The ideal time to purchase life insurance is in your 20s, when premiums are more affordable and can easily fit into your budget. Your financial obligations, lifestyle, and future plans are crucial factors in deciding when to obtain coverage. Buying insurance when younger makes the decision to use level cover easier as there are many options. But lives change over time. If there is a need we can usually find cover that works if you are 20, 40 or past 70.

Reviews From Our Happy Clients

Bryan was super helpful with helping my husband and myself find the right insurance for our needs. He really listens to you and makes the whole process seem super easy. It’s great knowing if you have any questions he is just a call away.
He also helps with KiwiSaver so it’s awesome having Bryan manage this for us also. He ensures your KiwiSaver is invested in the right place to get the best possible outcome.
We really recommend you contacting Bryan for advice on your Insurance and KiwiSaver needs he truly is great to deal with!

Tulani Morgan

★★★★★

Ready to Secure Your Financial Future?

Contact Resilient Financial today and take the first step towards a tailored financial plan that protects and grows your assets.

Our team is here to help you navigate life’s financial journeys with confidence.

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