If you are wondering if you need health insurance, the answer in a word…yes. The New Zealand public health system only gives immediate treatment for acute conditions. If you have a condition which does not need immediate treatment, even if it is serious, then you could end up on a waiting list for months or even years.

This lump sum of cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding. What's more, there is no tax on life insurance benefits.

If you value your financial independence you might want to consider Income Protection as the right backup plan for you. No one likes to think that something bad will happen to them. If you couldn’t work due to a serious illness, how would you manage? Could you survive on savings, or on sick pay from work? If not, you’ll need some other way to keep paying the bills – income protection insurance.