Cave Financial Services

Insurance


The Insurance products that we offer are:

Life Insurance

Life Cover provides a lump sum payment in the event of death, helping to prevent financial stress compounding emotional stress at an already difficult time. A lump sum can help reduce debt, pay for final expenses, create an investment fund to generate ongoing income, enable business ownership to be restructured or provide an inheritance or donation, amongst other things. The purpose of the funds is entirely yours to decide. A feature-rich policy offering a range of premium options, early pay out options, Premium Holidays, and Financial & Legal Advice Benefits - this product is designed to offer simplicity now and financial security in the future. Speak to one of our Advisers today for peace of mind that your loved ones will be looked after should the worst happen.

How much cover do you need?

The amount of cover you need depends on your own situation and any future financial obligations you may have.

You may want to look at your income, what assets you have and how many years you might want to cover your loved ones for. A simple way to estimate how much cover you may need is:


Health & Medical Cover

Private health insurance provides the funding to enable you to have private medical treatment whenever you require more immediate access or a broader range of treatment options than are available to you through the Public health system. Depending on the Insurer, the cover may include many additional benefits such as Hospice respite and special assistance at home. Such cover can also help with post-treatment costs such as prescriptions and physiotherapy. Whilst most policies offer a wide range of cover for surgical and non-surgical treatment, certain exclusions including pre-existing, congenital, and hereditary illnesses do apply. Your Adviser can discuss and recommend the best cover options for your situation and budget.


Trauma Cover

Trauma Cover provides a lump sum payment should you suffer one of a range of covered conditions, which generally are by nature serious and potentially life threatening and, as a result, can have a significant financial impact. Trauma Cover, also sometimes referred to as critical illness cover, is designed to help alleviate this financial impact by allowing you to reduce debt, purchase specialised equipment, pay for home modifications, provide additional care, create an investment fund to generate ongoing income, or enable business ownership to be restructured, among other things. The purpose of the funds is entirely yours to decide.

Trauma Cover provides an excellent level of financial protection and additional benefits, and there are a range of options available. An Adviser can explain the finer details and ensure you have the best possible level of cover for your personal needs and situation


Income Protection

Income Cover provides a financial safety net should you be disabled as a result of sickness or injury, and unable to earn your regular income. The monthly benefit is designed to replace a significant portion of lost income to help maintain your usual lifestyle during treatment and recovery. You could continue to receive a proportion of your benefit even if you return to work but are not able to work full time. Can you afford to ignore what impact a total or partial loss of earnings would have on your family or business? Contact us today to discuss safeguarding your finances.


Permanent Disability Cover

Total and Permanent Disability (TPD) Cover provides a lump sum payment should you completely lose your ability to ever work again (or carry on your normal tasks, if you are not employed), as a result of illness or injury. TPD Cover is designed to help alleviate the significant financial impact that losing an income forever would likely cause. The lump sum can help reduce debt, purchase specialised equipment, pay for home modifications, provide additional care, create an investment fund to generate ongoing income or to enable business ownership to be restructured, amongst other things. The purpose of the funds is entirely yours to decide.

Exclusions for injuries which are self-inflicted, or which would require a modest change in occupation or a return to work do apply, however your Adviser will be able to clarify your position and ensure you are adequately covered in the event of Total & Permanent Disability and allow you to explore other cover options for less serious illnesses.


Mortgage Protection

Mortgage Repayment Cover provides a financial safety net should you be disabled as a result of sickness or injury. The monthly benefit is designed to cover either the mortgage repayments on your behalf or a portion of your lost income, ensuring your family home is not put at risk. We appreciate that your mortgage commitments can change during the lifetime of your mortgage. Most policies offer the flexibility to amend your cover in line with changes to your mortgage repayments. You can even benefit from cover in the event of involuntary redundancy and continue to have contributions paid to your KiwiSaver in the event that you were no longer employed. Speak to one of our Advisers today for more details regarding protecting your home.


Fire & General Insurance

As well as insuring yourself and your family, it is just as important to protect your personal or business assets. Damage to property and possessions caused by fire, flood, mechanical failure or theft can be very expensive to put right.

As an example, consider the implications of a devastating house fire – could you afford to rebuild to the same standard and replace your home contents? If your car is stolen and not recovered – would you have the funds available to buy a replacement straight away? What knock-on effect would it have on your daily routine? Similarly, the loss of or damage to plant, stock, premises, or machinery could have a significant impact on your business and your ability to trade on. Would your business survive if you were forced to cease trading for 6 months? As with any major material loss or damage, the inconvenience and disruption of your lifestyle can be as just serious as the financial loss.

Whilst we have no control over unexpected circumstances, we can manage the level of risk we are exposing ourselves and our businesses to. Speak to one of our Advisers today about a personal or business general insurance package that's right for you and your circumstances.

For sound insurance advice and insight, get in touch with Cave Financial now.

Need some help?

Drop us a line using the form below and we'll be in touch to talk through your insurance or financial needs.


"Michael has consistently provided excellent service, financial advice, support and follow-up on insurance services for my business. I would highly recommend Michael to anyone needing clear and honest financial advice."
James McGoram

Slow and Steady Nest-Egg Building for Your Little Bird

Wed Aug. 21st 2019

Your options for making regular investments on behalf of your kids From your 18th birthday, if you put money away each month for 10 years, then save no more until ...

How do our spending habits change in retirement?

Tue Aug. 20th 2019

It will come as little to surprise that retirement is one the biggest lifestyle changes you'll ever experience. But what you may not be aware of is how your spending ...

Pay off your mortgage quicker!

Thu Aug. 8th 2019

Home loan rates in New Zealand are at a record low, making now the perfect time to pay down your mortgage and get debt-free faster.