Gave yourself a pat on the back for getting the task done … and never looked at them since?
This is commonplace with many of the clients I meet with. Life is so busy, and you feel confident knowing you have policies in place. Life, however, is fluid – children are born, kids leave home, rental properties are purchased, incomes increase, KiwiSaver balances increase, spouses leave home! Anyone of these events should prompt a review of your insurances.
Why – the cover you have in place may no longer be relevant to your circumstances.
It may be that: –
- You have too much life insurance in place
- You don’t have enough life insurance in place
- Your income protection policy may not pay you the benefit you are paying for if you now have a strong passive income.
- Your income protection policy may not reflect your full income.
- The structure of your cover may not be as tax efficient as it should be.
- You may be in another relationship and the ownership structure may not reflect this.
- There may be policies in the market that are would pay you in many more scenarios than your current policy.
So many considerations – if you would like a no-obligation and confidential, review of your current policies, I am happy to assist.
If you have not set up any insurances and feel unsure where to begin – please call me.
A key part of my service is to review clients’ plans each year or as required to ensure they continue to meet their changing circumstances.