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...

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 ...

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...