OR
Blake really helped me understand how the Insurance scene works in New Zealand. The service was prompt and to the point. Would absolutely recommend him to all who need to make informed choices.
Hayley Evans is highly recommended broker, very professional communication excellent Hayley was able to help what I wanted I would recommend Hayley to others. My only regret was I did not do this sooner. Talahiva Riggs
Quick and easy, actually listen to what I wanted and didn’t try and push anything else on to me
Well knowledgeable and prompt when responding to queries
Very helpful and knowledgeable
Easy to deal with and got the right insurance, thanks Hayley
Great service and follow up ?
As a self-employed individual, you’re your own boss, but you’re also your own safety net. Without traditional employee benefits like sick leave, your financial health hinges entirely on your ability to work. Here’s why income protection is crucial:
No Sick Days: As your own boss, there’s no sick pay to fall back on. Income protection acts as your paycheck when you can’t work, covering daily expenses and business costs.
Financial Flexibility: Choose how much coverage you need, how long you wait for it to kick in, and how long it lasts. Tailor your plan to match your life and work style.
Peace of Mind: With income protection, you can focus fully on recovery without financial worries. Knowing you’re covered, you can take the time you need to get back to your best.
Business Continuity: Even when you pause, your business expenses don’t. Income protection helps cover ongoing costs, keeping your business alive even when you’re not at work.
Finding the right Income Protection Insurance for Self-employed Individuals is tough. But, we can make it easy for you.
In just 30 seconds, you’ll answer a few simple questions that help us understand your personal needs. Once you’ve shared some key details, we’ll match you with the most relevant options, so you can see what works best for you.
Here’s how the process works:
Whether you’re protecting your family’s future or making sure your mortgage is covered, we make it easy to get the right coverage. With personalised options at your fingertips, you can ensure you’re getting exactly what you need—without the hassle.
Start today, and let us help you craft an Income Protection Insurance plan that’s as unique as you are. Your peace of mind is just a few clicks away.
For self-employed individuals, navigating financial security involves more than just hard work—it requires smart protection strategies. Income Protection Insurance offers a crucial safety net, not just for you but also for your family and business, especially where ACC and WINZ fall short. Here’s what you need to know:
Family Financial Security: ACC (Accident Compensation Corporation) provides support for injuries caused by accidents but doesn’t cover illnesses, which are a more common reason for prolonged work absences. WINZ (Work and Income New Zealand) offers some relief through benefits like Jobseeker Support, but these are often insufficient to cover ongoing family and business expenses. Income protection insurance fills these gaps, providing a steady income to maintain your family’s lifestyle and meet financial obligations.
Business Sustainability: While ACC might cover personal injury costs, it does nothing for the operational costs of your business during your absence. Income protection steps in to cover not only personal income but also can be used towards business expenses, helping keep your business afloat until you can return to work.
Comprehensive Coverage and Customisation: Tailor your coverage to the specific needs of both your personal and professional life, ensuring that you have the right support in place. Choose your coverage limits, define your waiting periods, and decide how long you want your coverage to last, all with the freedom to adjust as your business and personal circumstances change.
Understanding Limitations: It’s important to recognise the limitations of government supports like ACC and WINZ. ACC is limited to accident-related injuries and doesn’t cover the self-employed for illnesses. WINZ payments are often not enough to cover higher earnings and come with stringent eligibility requirements that may not consider the unique needs of self-employed individuals.
The cost of income protection insurance can vary widely, depending on several key factors. Understanding what influences your premiums helps you make informed choices about the coverage you need. Here’s what insurers consider:
Age: Typically, the younger you are when you take out a policy, the lower your premiums will be. As you age, the risk of illness increases, which can raise the cost of insurance.
Health History: Your current health and medical history play a crucial role. Pre-existing conditions might increase premiums or affect coverage options.
Occupation: The nature of your work impacts the risk of needing to claim. Jobs with higher physical demands or risks usually incur higher premiums.
Income Level: The amount of income you want to insure influences the cost. Higher income coverage levels lead to higher premiums because the potential payout is greater.
Policy Terms: The length of the coverage period and the chosen waiting period (the time between when you stop working and when you start receiving benefits) can adjust the premium. Shorter waiting periods typically increase the cost.
Lifestyle Factors: Habits like smoking or high-risk hobbies can significantly increase premiums due to the increased health risks associated with them.
At Compare Income Protection, we specialise in providing expert guidance on income protection insurance specifically for New Zealanders. Our platform is designed to simplify the comparison of insurance quotes, allowing you to clearly understand the differences between policies and make the most informed choice tailored to your needs.
Our advisers do more than just assist in creating the perfect plan; they also ensure that you receive your payout as swiftly as possible when you need it most. This commitment to prompt service means that during challenging times, you can focus on what’s most important without unnecessary delays.
With our expert advice and personalised service, securing a quote means you’re also securing peace of mind.
Let us help you find the right income protection plan today, ensuring you’re well-prepared for the future
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