{"id":2980,"date":"2021-08-16T09:29:34","date_gmt":"2021-08-15T21:29:34","guid":{"rendered":"https:\/\/wisdom8.co.nz\/personal-insurance\/life-cover\/"},"modified":"2021-08-24T00:20:37","modified_gmt":"2021-08-23T12:20:37","slug":"life-cover","status":"publish","type":"page","link":"https:\/\/wisdom8.co.nz\/en\/personal-insurance\/life-cover\/","title":{"rendered":"Life Cover"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.9.10″ background_image=”https:\/\/wisdom8.co.nz\/wp-content\/uploads\/2021\/08\/377242647-w.jpg” parallax=”on” parallax_method=”off”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Header” _builder_version=”4.9.10″ header_font=”|700|||||||” header_text_align=”left” header_4_text_align=”left” background_size=”initial” background_position=”top_left” background_repeat=”repeat” module_alignment=”center”]<\/p>\n

Life Cover<\/h1>\n

Provides a lump sum to your family if you die prematurely or get diagnosed with a terminal illness.<\/h5>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ _builder_version=”4.9.10″ _module_preset=”default”][et_pb_column type=”1_5″ _builder_version=”4.9.10″ _module_preset=”default”][et_pb_sidebar area=”et_pb_widget_area_8″ admin_label=”Personal Insurance menu” _builder_version=”4.9.10″ _module_preset=”default” border_color_all=”RGBA(0,0,0,0)” global_module=”3102″][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.9.10″ _module_preset=”default”][et_pb_text admin_label=”text” module_id=”life-cover” _builder_version=”4.9.10″ background_color=”rgba(255,255,255,0.7)” background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”40px|50px|40px|50px|false|true”]<\/p>\n

If the unforeseen happens and a serious ailment or even death reduces your household income, will the life insurance you currently have be your best protection? Did your bank organise your life insurance? If so, there\u2019s a good chance your coverage that it is enough to protect its interests, but will it also protect the welfare of your family? <\/strong><\/h4>\n

You may already understand that life insurance is a sensible precaution for someone with your responsibilities \u2013 it is a tangible demonstration of your commitment to loved ones that could be vital in ensuring their future welfare.<\/p>\n

The death of a partner is a bad enough experience even without being left with money worries.<\/p>\n

Even a modest sum of insurance allows the survivor to clear small debts such as loans, credit cards and funeral expenses, whilst higher amounts allow them to clear large debts such as mortgages, as well as funding living expenses, children’s education fees or subsidizing retirement in the longer term.<\/p>\n

[\/et_pb_text][et_pb_text admin_label=”Life cover: What are Stepped Premiums and Level Premiums?” module_id=”life-cover” _builder_version=”4.9.10″ background_color=”rgba(255,255,255,0.7)” background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”40px|50px|30px|50px|false|true” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n

What are Stepped Premiums and Level Premiums?<\/strong><\/h4>\n\n\n\n\n
\"\"<\/td>\nStepped Premiums<\/strong>
\nIncrease annually as you get older, but usually start cheaper.
\nTo cover short or medium term needs.<\/td>\n<\/tr>\n
\"\"<\/td>\nLevel Premiums<\/strong>
\nDon’t increase as you get older but usually start higher.
\nTo cover long term or permanent needs.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The plan details will vary from insurance company, please refer to the policy wording of the cover.<\/p>\n

[\/et_pb_text][et_pb_text admin_label=”Why level premiums?” module_id=”life-cover” _builder_version=”4.9.10″ background_color=”rgba(255,255,255,0.7)” background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”40px|50px|30px|50px|false|true” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n

Why level premiums?<\/strong><\/h4>\n
    \n
  • Firstly, level premium can save thousands of dollars for long term protection.<\/strong><\/li>\n
  • Baseline \u2018Forever\u2019 needs<\/strong>
    \ne.g. Funeral \/ legal costs & estate admin \/ family repatriation \/ legacies or bequests \/ protecting against asset loss\/equitable distribution of estate \/ succession planning (business or farm).<\/li>\n

    Many clients are cancelling \/ lapsing their policies at or before the time they are most likely to claim\u2026
    \nDo you know what is the most likely reason? <\/strong>
    \n• Stepped premiums now unaffordable.
    \n• The need for cover has gone.\n<\/p><\/blockquote>\n

    [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.9.10″ _module_preset=”default”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.9.10″ background_enable_image=”off”][et_pb_fullwidth_header title=”Wisdom8 Choice – Level 100 Life Cover” subhead=”Talk to our Financial Adviser for more details” text_orientation=”center” button_one_text=”Contact us” button_one_url=”https:\/\/wisdom8.co.nz\/en\/contact-us\/” _builder_version=”4.9.10″ title_font=”|700|||||||” title_text_align=”center” subhead_font=”||||||||” subhead_font_size=”22px” background_color=”rgba(0,0,0,0)” background_image=”https:\/\/wisdom8.co.nz\/wp-content\/uploads\/2021\/08\/321484059-w2.jpg” parallax=”on” custom_button_one=”on” background_layout=”light”][\/et_pb_fullwidth_header][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

    Life Cover Provides a lump sum to your family if you die prematurely or get diagnosed with a terminal illness. 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