Our Insurance Services
Our insurance advisers in New Zealand will ensure that your life, business, personal and trauma insurance cover is appropriately structured, based on your circumstances and aimed at protecting you and your family.
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Why Choose Fundmaster for your Insurance needs?
We at Fundmaster understand how precious your family, home, or business is to you, so our qualified advisers suggest the best insurance cover. After assessing your life situations as well as liabilities, the advisers recommend a cover that suits your specific needs.
Tailored Insurance Solutions at Your Doorstep
Selecting the right insurance requires expert insight. Our advisers provide the guidance needed to secure the best possible protection.
Start Your Journey to Financial Success
Ready to take the first step towards your financial goals? Whether you’re looking to buy your first home, refinance your mortgage, or seek expert advice on insurance and business loans, Fundmaster is here to help.
Don’t wait to secure your financial future. Reach out to us today and let’s start building your path to prosperity together.
Life insurance provides a lump sum payment upon your death, and it can also be paid out if you are diagnosed as being terminally ill. This coverage ensures that your loved ones are financially supported in the event of your unexpected death, helping to cover expenses such as funeral costs, debts, and living expenses.
The amount of life insurance you need in New Zealand depends on various factors such as your income, debts, dependents, and future financial goals. It’s important to consider the financial support your family would require to cover expenses like mortgage payments, daily living costs, education, and other long-term financial commitments. Consulting with a life insurance adviser can help you determine the appropriate coverage for your specific situation.
Policy Type
If you have selected a Stepped/Indexed policy, then on your policy’s yearly anniversary your premiums will increase with age. With the Stepped option your sum assured will increase too. If you have selected a Level policy, then your premiums will not increase each year with age. If you need to lower your cost, you can always decrease your level of cover.
Indexation
Indexation means that each year, your insured amount will adjust to account for inflation. For instance, if you have $100,000 in coverage and inflation is 5% for the year, your coverage will increase to $105,000. This adjustment helps ensure that your coverage remains in line with the rising cost of living. You can choose to opt out of this increase if you prefer.
Lifestyle
Premiums for smokers are higher than for non-smokers. The good news is that if you quit smoking continuously for 12 months, your insurance costs can be reduced. Once you have been smoke-free for 12 months, you will qualify as a “non-smoker” in the eyes of insurers, which can lead to lower premiums.
Most insurance policies have a grace period, usually 30 days, during which you can make the payment without losing coverage.
If you choose not to keep the policy, you can cancel it within 14 days of receiving your policy documents, known as the “free-look period.” Simply provide a signed cancellation request, and any premiums paid during this period will be fully refunded.
It is important that you keep us up to date with any changes in your circumstances. Please keep us informed of any bank account or credit/Debit card changes as well as updating contact phone numbers, physical, occupation, postal and email addresses.
It is recommended to review your insurance policies annually or whenever there are significant changes in your life or financial situation.
No, the payout from a life insurance policy to beneficiaries is generally not subject to income tax in New Zealand. However, any interest earned on the payout may be taxable.
Fundmaster is here to help. If you think a claim might be needed, please contact us straight away. We will then contact your insurer and get the claims process underway.
The processing time can vary depending on the complexity of the claim and the type of insurance, but it typically ranges from a few days to several weeks.
Frequently Asked Questions
Have any other questions? Please contact us: