what New Zealand banks do not tell their clients about Life insurance

what New Zealand banks do not tell their clients about Life insurance

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July 2014, I have decided to prepare a report which would show what New Zealand banks do not tell their clients about Life insurance products they offer to their customers.

The report is going to show shocking information about Life Insurance from Kiwibank and Trauma Cover from ASB and similar from ANZ.

The reality is that once you have your insurance with a New Zealand bank you should ask yourself – “is it for me if something goes wrong” or “this is for the bank to make additional profit for Australian shareholders”.

The report shows “Quote Monster” reporting tool, which I, as an AFA (Authorised Financial Adviser) use to prepare comparable reports for my clients when I am checking the market with an objection of – what is better as well as cheaper on the market for a particular client. In the given example I am preparing an insurance report for a 40 years old electrician, Auckland, New Zealand. The report is for $500,000  Life Insurance with $250,000 linked Total & Permanent Disability (own occupation) and $100,000 Trauma Cover.

Own occupation definition is extremely important once you take into account that you do want your TPD ( Total & Permanent Disability) to work for you in the event you became disabled.

The report is going to provide the viewer with some information which is never discussed by banks or even some insurance companies.

If you have an insurance policy arranged by a bank for you – please call me to discuss your better cover – the cover which is going to provide you with an insurance policy which is going to pay you in the event you are disabled or diagnosed with one of the major medical critical conditions. Please call now 09 525 4675

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