Answers to insurance frequently asked questions (FAQ)

Answers to insurance frequently asked questions (FAQ)

How can I save money on my insurance? What does each type of cover provide for? What are the best options for me? What do various terms of insurance jargon/terminology mean? Which medical conditions are covered by trauma insurance? Find answers to these questions and many more here, as our adviser team answers the questions they most frequently hear from people about their insurance.

Investment update and forecast - September 2018

Investment update and forecast - September 2018

Markets continue to be buoyed by confidence in strong economic fundamentals and improved corporate earnings. The US bull market is now officially the longest ever, i.e. the S&P 500 Index has gone more than 3,453 days without a drop of 20%. After rebounding in the second quarter, global GDP growth is set to remain strong over the rest of this year. Inflation is likely to trend towards 2% in most advanced economies but will do so at different rates. Read our full investment forecast locally and globally here.

Smokers and insurance: How much you can save by quitting.

Smokers and insurance: How much you can save by quitting.

Statistics estimate that 15% of adult New Zealanders smoke, or a total amount of around 550,000 people. Smokers in New Zealand have it tough in so many ways, and it's about to get even tougher. Not only are smokers mired in an unhealthy and destructive habit, every year this habit takes more and more out of them financially (a pack of 20s now costs between $24-$30). The good news is, if you manage to quit, your savings on both the price of cigarettes and your insurance premiums can be massive.

Advice and tips: Getting the most from your kiwisaver

Advice and tips: Getting the most from your kiwisaver

Your KiwiSaver can be the most crucial financial tool at your disposal to ensure that your future and lifestyle is comfortable, prosperous and happy - however, many people don't know how to maximise their returns and get the most out of it. The head of Investment Services at Spratt Financial Jonathan Parsons presents his top tips to get the most success from your KiwiSaver; including how you could qualify to receive more than $1000 in free bonus money for your Kiwisaver from the Government.

Investment update and forecast - June/July 2018

Investment update and forecast - June/July 2018

Generally, the month of May was consistent with the 2018 story of a global economy entering a mature stage characterised by market volatility, the gradual emergence of inflation, higher interest rates (primarily in the United States) and a softening of global economic growth indicators. This cooling off period, which is usually accompanied with weaker equity markets, is likely to represent a healthy return to normal levels of growth as opposed to alarming signs of an economic deterioration.

When life changes - should your insurance change too?

When life changes - should your insurance change too?

In general, we take out insurance to cover ourselves from circumstances which may occur. This thinking is usually based on our current life circumstances at the time we take out the insurance: How much debt you  have, how many family members depend on your income, how much money you are currently earning, the state of your mortgage and much more. Our mortgage reduces, we have children, we take on more debt or reduce it, our income fluctuates. Life changes. Does this mean that our insurance should change with it?

Could you have an insurance claim waiting?

Could you have an insurance claim waiting?

Recently, during the course of one our regular insurance reviews with a client, they informed us that they had recently gone through angioplasty to have stents installed in their arteries. It all went smoothly, and the client thought little of it, until we informed them that they had a current trauma insurance policy in place and they were entitled to a substantial claim that they were completely unaware of. A short time later, the client was $50,000 better off and in a far better space both health-wise and financially.

Are all your roles and responsibilities in life financially covered?

Are all your roles and responsibilities in life financially covered?

In life we all have our roles to play and our hats to wear, so to speak. Some of us are fathers or mothers, responsible for the care and providing for the family. Some of us are business owners who have employees, debt and cash-flow to look after. The more responsibilities we have, the more important it is that you have the right type of insurance in place to ensure those responsibilities are provided for, no matter what may happen.

New accident and illness insurance - is it right for you?

New accident and illness insurance - is it right for you?

Spratt Financial Services can now offer you a new and more cost effective option to cover your income in the result of an accident or illness that renders you unable to work. With the new personal accident and illness cover option, income protection insurance is now attainable to even more people who need it. Find out more about the features accident and illness cover provides.

Insurance advice and tips from the Spratt Financial team

Insurance advice and tips from the Spratt Financial team

Insurance works best when it is used as the foundation for a plan that will protect a business, family or estate that is confronted by the disablement process. If you already have an insurance package (or you're looking for insurance) and you want to know whether your insurance will really be sufficient to provide for all of your financial needs, this article will show you the questions you should know the answers to.