Life Investment Corporation NZ LTD.

Showing category "Personal Insurance" (Show all posts)

Debt Consolidation

Posted by Saul Mohan on Sunday, September 25, 2016, In : Case Studies 

Case study

Applicant
 
Auckland couple, aged 25 and 29 years old, with two children aged 3 and 1. They were looking to improve their financial position to help them on the path to home ownership. Their combined income was approximately $83k, a Net Servicing Ratio of 85% and a strong credit profile. They also had a 2013 vehicle to offer as security.

Application
They applied to consolidate two personal loans at above 15.9%p.a. and a maxed out credit card at 23.9%p.a.

Result
Our team uncovered...


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NZ couple in Aus take major bank to court for racial discrimination

Posted by Saul Mohan on Wednesday, August 10, 2016, In : Case Studies 
New Zealand couple Charles and Judith Cairns residing in Perth are taking ANZ to court for selling them a life insurance policy which is has no worth because they don’t hold Australian citizenship, RNZ News reported.

The Cairns’ intend to take their case to the New South Wales Anti-Discrimination Board after a ruling from the New South Wales Civil and Administrative Tribunal that they have a case to take.

Cairns was beyond belief when a financial planner pointed out last year that they wo...
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Cancer patients to petition for Pharmac funding

Posted by Saul Mohan on Wednesday, March 2, 2016, In : Health Insurance 

Patients such as Leisa Renwick who have had miraculous results with melanoma drugs will join dying patients and their families at Parliament tomorrow to petition the Government to lift Pharmac funding.

The Tauranga woman was told by Tauranga hospital last May she had only weeks to live but expensive private treatment has saved her life.

After a course of gene-therapy drugs, she is now is remission.

And now she is on a course of immuno-therapy drugs, paying $8500 every three weeks to have a dose ...


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How your low credit score can hit your future borrowing.

Posted by Saul Mohan on Saturday, January 16, 2016, In : Home Loan 
Skipping a bill or a credit card payment does not usually seem like a big deal.
Once the rent has been paid and next week's salary is in, catching up is not often a problem.
But, starting next Sunday, missed and late payments will have the potential to affect people's credit ratings.
Banks, finance companies, telcos, electricity, gas and insurance companies will be able to collect and swap information showing how much credit someone has and how they are getting on with repayments.
A few hiccups s...
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Interest Rates Unchanged for Now

Posted by Saul Mohan on Sunday, November 20, 2011, In : Home Loan 

Reserve Bank governor Alan Bollard has decided to leave interest rates alone for the time being, with the official cash rate (OCR) left unchanged at 2.5 percent in October. However, despite this record low figure, there is speculation in some quarters that interest rates may drop even further during the next six months.

Alan Bollard spooked the financial markets slightly in late October, after speaking of declining business confidence and a weakness in recent inflation and growth data. Nationa...


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Low Deposit Borrowing - Did You Know?

Posted by Saul Mohan on Sunday, November 20, 2011, In : Home Loan 


Times have changed for borrowing dramatically over the past 18 months. At the beginning of this period Banks wouldn't lend more than 80% for a home purchase, where they are now going much higher. There are a number of reasons for this including more confidence in the market and continuing lower interest rates.

Did you know:

- You can borrow up to 95%, with the last 5% being Gifted?
- You can borrow up to 80% against an apartment?
- You can you use the equity in a...


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4 Golden rules to help you become rich. Article written By Lalit Bajaj(Green Line Financial Solutions).

Posted by Saul Mohan on Friday, November 11, 2011, In : News Letters. 
A week ago, a friend called to discuss about the current recession. He has a well-paid job 
but unsure about the future. 
After the usual exchange of pleasantries and enquiries about each other's family, the 
conversation settled on whether to save for the rainy day (because of the uncertainty of the 
future) or tempted by potential windfalls of investing in the fallen markets. 
My friend was worried about virtually everything under the sun -- whether he should invest 
in stocks or buys a home inst...

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How Much Life Insurance Do I Need?

Posted by Saul Mohan on Thursday, November 3, 2011, In : Personal Insurance. 

How much life insurance you need are depends on Basic Factors like:

  1. Time Left until Retirement – Many peoples’ biggest asset is their ability to work and earn income.  Since most breadwinners purchase life insurance to replace that lost income in an unexpected death, you should consider how long you need to or plan to work.  If you only plan working another 10 years, you may not need more than 10 years of life insurance coverage, and so on.
  2. Spouse’s Income Potential - If your spouse does ...

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Life Insurance Approval After Pulmonary Embolism (PE)

Posted by Saul Mohan on Thursday, November 3, 2011, In : Trauma Cover 

Yes, you can still be approved for life insurance at good rates after having apulmonary embolism or PE.  Your best rating will be preferred, if the occurrence was more than 6 months ago and depending on the risks of recurrence.  A pulmonary embolism is a blood clot in the lung, usually caused by a blood clot coming lose from the leg.  Its most common treatment is the medication Coumadin.  This inhibits vitamin K, decreasing the coagulant ability in the blood, which commonly dissolves the clot...


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Why Trauma Cover Insurance ?

Posted by Saul Mohan on Monday, October 31, 2011, In : Trauma Cover 

Trauma Cover insurance is about survival. Whilst many people make some sort of medical recovery, the likelihood of making a financial recovery is less certain.

Suppose a person has a mild heart attack and is seriously ill but is able to return to work after two months. Will he or she be as productive as before or stand the stress associated with working as hard?

Trauma Cover insurance (also known as critical illness insurance) provides a cash lump sum in the event of contracting a specified...


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Insurance for Established Businesses

Posted by Saul Mohan on Wednesday, September 21, 2011, In : Business Insurance 

There are many benefits to running your own business. For a start, it gives you the freedom to set your own goals and do things your way. But just as importantly, it provides you and your family with a lifestyle that may not have been possible if you were working for someone else.

So what would happen to your business if you or a key person in your business was suddenly taken out of the picture? Accidents and illnesses happen when you least expect them – how would your business continue to o...


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New Business Insurance

Posted by Saul Mohan on Wednesday, September 21, 2011, In : Business Insurance 

Running your own business can be very rewarding. It gives you the freedom to set your own goals and can provide you with the lifestyle you want. But getting your business up and running takes commitment, time and significant upfront financial investment.

As you build your business’ reputation and find new customers, you’ll probably want to protect your hard work and investment. So if you or a key person in your business is suddenly taken ill or has a serious accident, how will your busines...


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Mortgage Protection Insurance.

Posted by Saul Mohan on Thursday, September 15, 2011, In : Personal Insurance. 

Insurance – the Best Investment

Securing the perfect home is a great feeling. You’ve got a place for you and your Family to spend many happy years together.

It’s a large lifestyle change which usually comes with a large mortgage commitment. With the finance approved and in place for the home of your dreams you know you can afford it. The harsh fact is that you can afford it given your circumstances when you applied for the loan. If something changes ...


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TOWER health premium changes

Posted by Saul Mohan on Tuesday, September 13, 2011, In : Health Insurance 

What drives premiums up?
Private health insurance continues to make a significant contribution to healthcare in New Zealand. In their report for June 2011 quarter, the Health Funds Association (HFANZ) reported that 31% of New Zealanders – 1.367 million people – still have health insurance.

And it still seems to be the case that while the Government is making an ongoing commitment to support the healthcare system, public demand continues to increase. And why shouldn't that be the case? Pe...


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How Does Health Insurance work.

Posted by Saul Mohan on Sunday, September 11, 2011, In : Health Insurance 

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In New Zealand, prostate cancer is the most common cancer in men

Posted by Saul Mohan on Monday, September 5, 2011, In : Case Studies 

In New Zealand, prostate cancer is the most common cancer in men. About 2,500 new cases of prostate cancer are diagnosed each year. Men who develop prostate cancer are mostly over the age of 65. About one in 13 men will develop prostate cancer before the age of 75*.

 

Peter has a long history of raised PSA on routine prostate cancer screening since 2005. His condition has been closely monitored with a negative prostate biopsy in 2005 until he was diagnosed with a lesser form of Prosta...


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Business product range, plus enhancements to Start-Up Income Protection

Posted by Saul Mohan on Thursday, September 1, 2011, In : Business Insurance 
  • NEW Business Continuity – Designed to cover business owners and their key people, this benefit offers up to $50,000 cover per month. At claim time, not only will clients have their claim paid in advance with no ACC offsets, but they will also have free access to Business Mentors – New Zealand’s leading business mentoring service. In addition, your clients also have the option of taking an Employee Upgrade which gives their employees access to Best Do...

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About Me


Saul Mohan Life Investment Corporation NZ Ltd was incorporated in 2007 By Saul Mohan with the objective of acting as Insurance Broker in New Zealand and Providing Financial services. Saul Mohan has 20 years of Experience in Finance and Banking Industry and has been into New Zealand Insurance Industry Since 2002.