Added Sun, Jul 29th 2007, 11:13
When thinking about this article and income protection I recalled a question posed by a fellow colleague and friend that has struck particular resonance – if you had a machine that sat in the corner of your living room whose sole function was to make money, say $60,000 a year for a good number of decades, would you not insure it? Almost certainly it would seem ridiculous not to, people routinely insure their cars worth much less than this machine that more often than not appreciates in value. Yet many New Zealanders appear to take for granted what is potentially their greatest asset – their ability to earn.
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Added Mon, Apr 28th 2008, 09:11
With call centre operators offering to sell you an insurance ‘package’ over the phone and bank tellers asking if you would be interested in purchasing life cover when all you wanted to do was cash a cheque―it is all too easy to assume that purchasing insurance is just an ‘add-on’ extra, a generic product that anyone can peddle; hey, you can even sort it yourself with online access to insurance ‘calculators’. And yes, when you can search a few products online yourself it may seem tempting to avoid the ‘middleman’, who, to be honest, you may suspect (unfairly?) has a hidden agenda (read: salesperson). However this would really be doing yourself (and your family) a disservice. Why do you need an adviser?
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