Mortgage Advisers help people during their working life to accumulate enough wealth to achieve a happy retirement and Insurance Advisers do their best to help people reduce risk!
A healthy lifestyle is important for all of us but even people living a healthy lifestyle can get sick and if we do, we may need very expensive medical treatment. The simple truth is we can not self insure for a risk we can not quantify and unfortunately some people will get sick and require significant amounts of expensive medical treatment.
Medical insurance is about swapping a relatively small monthly premium for the certainty that as much cash as is necessary is immediately available should you need it.
Planning...
- We have an aging population in New Zealand which means that free public health as we know it now it may not exist in 10 - 20 years;
- There are a number of things we can do to ensure we have the ability to pay medical insurance premiums in old age;
- The sooner in life we start doing something about health insurance the easier and more affordable it will be;
- A long term "living" plan will help rather than when it is too late!
When considering canceling or reducing your insurance you need to understand all your options and the consequences.
Mortgage People & Insurance People offer free advice on all mortgage and insurance matters. We can not recommend enough the importance of reviewing your insurance!
freephone 0800 823 823 www.mortgagepeople.co.nz | www.insurancepeople.co.nz
Source: Full article available from the NZ Mortgage Magazine - written by Steve Wright, Technical General Manager Partners Life.
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