Few of us expect to die prematurely – that happens to other people… well, the fact is the chance of dying young is far less likely than suffering from a critical illness or a becoming disabled for a period of time. The impact of premature death however, is huge on the people you love and provide for.
You need to consider how your family would manage in the event of your death? Would they be able to live the lifestyle they enjoy now?

How much Life Insurance do I need to have in place?

The types of issues you need to consider are:

Your levels of debt

The age of your children – your educational requirements for your children

Relative earning capacity between you and your spouse

some money to help your spouse, and family time to adjust to life without you… this is different for all of us.

Who gets the money if I die?

You need to think about this as the ownership of the policy will determine who gets the money. If you have children from a previous relationship, then you may want to own your own policy and include provisions for your family in your Will. If the policy is to provide for your spouse to clear the mortgage and raise your family, then you may consider jointly owning the policy. We will help you to get the ownership structure right.

Will the premiums go up?

This depends on the type of policy you put in place.
Rate for age is a structure of insurance that is priced based on your age and as you get older, the premiums increase.

A level premium is more costly to set up, but the premiums do not increase for the period of the policy which may be through to age 65 or 70.

Allsure Financial Solutions Limited can discuss the two options with you to see what fits your needs best. It may be a combination of the two that offers you the best protection long term.

I have had the pleasure of dealing with Sean and Elaine for more than five years now with a number of different insurance products - and more recently Kiwisaver. They have made the whole insurance application/claims processes so much (!!) easier than dealing direct with insurance companies and I thoroughly recommend Allsure to anyone wanting an experienced, friendly company to handle their insurance needs.

Marcel Küng

I don't much enjoy dealing with insurance - it can be confusing and thinking about the bad stuff that could happen is pretty grim. But the team at Allsure took the time to understand my business and what was important to me and my family, explained how it all worked and talked through some of the stuff I like to avoid. Because of this I'm confident that if something bad happens, I know my family and I will be looked after.

David Saunders

I would highly recommend Allsure to anyone who is looking for an excellent team to look after everything from Kiwi Saver to health and life insurance. I rate their service as; top notch!!!!

Nathalie Joubert