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This tool is to give you some understanding of the type of questions that you might get asked by a financial adviser.

These questions are basic enough to give you an idea of what is available.

Hopefully you will learn something. Hopefully this tool will allow you to have a better conversation with your adviser, when you are ready.

Personal insurance is, well, personal. 

Your situation will not be the same as you friends or neighbours. 

This tool is to give you an idea of what types of products might be suitable for you.

However, this page is not full of detail about specific policies and products. It is a guide only.

Personal Insurance is all about giving you and your family financial protection from risks occurring from ill health, accident and death.

Life insurance with Bolster Risk Management

Life Insurance

Death cover (a lump sum benefit). Some insurers will pay on terminal illness (if you are likely to die within 12 months).

Life insurance with Bolster Risk Management

Trauma Insurance

Serious illness or accident (lump sum cover). Sometimes known as critical cover (although this is occasionally a ‘skinny’ version of a full trauma product).

Life insurance with Bolster Risk Management

Total and Permanent Disability

Never able to work again? This may mean that you cannot work in your current occupation, or you may never work again in any meaningful capacity. It pays you a lump sum benefit.

Life insurance with Bolster Risk Management

Income Replacement: Income Protection

Replaces part of your income because you become too sick or injured to work (monthly paying benefit). This type of benefit is often offset by other income (such as ACC payments).

Life insurance with Bolster Risk Management

Income Replacement: Mortgage Protection

Pays most or all your mortgage repayments on a monthly basis because you are too sick or injured to work. This can also be used to replace a portion of your gross income, (can be up to 45%) to help pay rent and other expenses.

Life insurance with Bolster Risk Management

Private Health and Medical

For elective treatment (not acute), i.e. it’s not for a car accident. If you need a shoulder reconstruction or treatment for bowel cancer, you may be able to claim (policy conditions may apply).

Stack your insurance
according to your key risks.
Then, use the budget pizza to
match your circumstances to your budget.
Bolster Risk Management - Independent money advice

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Dominic Bish

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