Income protection, mortgage insurance and ACC

Written By Kim Manunui

Life can be fickle, one day on top of the world and the next we’re laid up with an illness or injury that compromises our ability to earn and often not of our own making, or our job itself made redundant.

Thankfully, there are mechanisms in place to help us, ACC if we have an accident and income and mortgage protection for everything else.

For injury, ACC will cover 80% of your income and even make lump sum payments for serious injury. Click here for more in depth on ACC.

Mortgage protection, can cover up to 115% of your mortgage or rent or 45% of gross income and pays in addition to ACC for injury related claims and also covers you for illness and redundancy.

Income protection on the other hand, is offset by ACC payments for injury and will pay up to 80% of your income for illness and redundancy related claims.

ACC will cover you after the first week and continue until recovered either fully or reduce benefits for partial recovery or vocationally independent of your previous occupation. For serious injury, lump sum payments can be settled or ongoing payments to age 65.

Income protection wait periods can be nominated usually from 14 days with benefits payable also nominated usually up to 2 - 5 years or through to retirement with premiums rated accordingly, a popular strategy known as truck and trailer is where you take one policy on a 14 day wait period payable for 2 years and another with a 24 month wait period payable to age 65 thereby giving you lifetime cover with a way cheaper premium sorting the short and long term benefit needs economically.

Here at Infinance, we are equipped to provide a full analysis of your personal requirements with comparative software to cut through the benefits and variations of multiple providers to create the package just right for you.

For more on the above, click the link below.

Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

Collaboratively we are creative, share sustainable values and work hard for great outcomes because that’s the buzz of satisfaction that drives us.

If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
and we’ll manage your social media presence so you get the clicks, likes and engagement to grow your business. All within the budget you set, because none of this needs to cost the earth.  And the job doesn’t stop when your website goes live. We are your virtual business partner.

https://www.korio.co.nz
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