Need for insurance

Having the right insurance to protect against life's uncertainties is sensible financial management. It ensures that you and your dependants can continue to enjoy the quality of life that you want.

There are a number of options available:

Unexpected events can take many forms. Cancer and cardiovascular disease account for a large percentage of severe illnesses. Motor vehicle accidents are not only responsible for taking many lives each year, but are a cause of major injuries and permanent disabilities.

Main causes of loss of "healthy life" in New Zealand*
Males % of total causes Females % of total causes
Cardiovascular disease 26 Cardiovascular disease 22
Cancer 19 Cancer 20
Injury 12 Mental illness 14
Respiratory disease 9 Respiratory disease 8
Mental illness 7 Neuro conditions 8
Neuro conditions 7 Chronic illness 6
Infection 3 Injury 5

Protecting your income

Imagine if something happened that meant you would be without an income for the rest of your life. How would you replace that money? Or if something happened to you yesterday, how would your family survive today without you? The following graph provides an example of the amount of money earned over a lifetime.

Total earnings at age 65

How much will you earn between today and your 65th birthday? The following graph is based on the assumption that your income will grow at the rate of 3.0% each year.**

Graph displaying total earnings to age 65, based on current age and income.

You can see that you don't have to be on an executive salary to earn millions of dollars during your working life. Your life and your income are worth protecting.

More information

For more information or to arrange an appointment with an ANZ Private Wealth Adviser:

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Call 0800 ANZ ADVICE (0800 269 238)
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Enquire online
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Visit your nearest ANZ branch

* From New Zealand Ministry of Health Bulletin

** Please note that this graph above is provided for illustrative purposes only and is based upon the assumption that the parameters used will remain constant. While ANZ, part of ANZ National Bank Limited, has taken care to ensure that this information is from reliable sources, it cannot warrant its accuracy, completeness or suitability for your intended use. To the extent permitted by law, ANZ does not accept any responsibility or liability arising form your use of this information.

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 Wealth Direct Authorised Financial Adviser’s Disclosure Statement prepared under the Financial Advisers Act 2008 are available on request and free of charge by contacting your Wealth Direct Authorised Financial Adviser.