Life insurance is designed to reduce the financial concerns of your remaining spouse or partner and your dependants should you or your partner die. It provides a lump sum that your family can use after your death to reduce debts such as:
- your home loan
- medical and funeral expenses
- ongoing living expenses.
Some policies also pay a lump sum if you're diagnosed with a terminal illness.
Life insurance is a great way to help cover your debts if you die, but it won't provide you with an ongoing income if you become seriously ill or injured and can no longer work.
It's a sad statistic that two out of every five people will suffer a major medical illness before they turn 65 and one in three will be unable to work for six months or more owing to disablement. In these situations, what would you do?
Your ANZ Private Wealth Adviser can help with a range of insurance options, including a policy that can replace either up to 75% of your income or an agreed value should you be unable to work owing to illness or injury.
Modern medical advances mean people can generally stay fit and healthy for many years after stopping full-time work. However, when you need medical treatment it's always good to know you can get it without having to endure long waiting lists at public hospitals.
- Health insurance helps you to access private treatment quickly and cost effectively.
- It's an excellent way to protect your future health and standard of living.
Trauma/Critical Illness insurance
If you're diagnosed with a specified injury or illness, trauma and critical illness insurance provides you with a lump sum payment that you can use as you wish.
The common conditions covered include:
- heart attack
- coronary artery disease.
Total and permanent disability insurance
If you're disabled and unlikely to work again, will ACC help (if you're entitled to it)? Will a basic sickness benefit cover you financially? What about the additional costs you may need to cover, such as nursing care and home help?
Talk to your ANZ Private Wealth Adviser about total and permanent disability insurance essential cover for the unexpected.
For more information or to arrange an appointment with an ANZ Private Wealth Adviser:
A copy of the Bank's General Disclosure Statement under the Reserve Bank of New Zealand Act 1989 is available on this website or on request from any ANZ branch, free of charge. A copy of your ANZ Investment Specialist Authorised Financial Adviser’s Disclosure Statement prepared under the Financial Advisers Act 2008 are available on request and free of charge by contacting your ANZ Investment Specialist Authorised Financial Adviser.