CHRISTMAS 2011 NEWSLETTER
In this issue we wish to discuss some Life Insurance claim statistics, a positive initiative from OnePath towards client wellbeing and the forthcoming festive season.
Life Insurance claims statistics
This is a topic that is often brushed aside but we must all recognise that Life Insurance is taken out for a reason and claims are reality no matter of age, occupation or current health status.
What really highlighted this to us were some statistics issued by insurers that not only showed the volume of claims paid, the common health issues causing claims and also the age ranges of claimants.
One insurer has paid $64m in death claims in the last three years with 39% being for cancer related issues and 30% for heart issues. You will think this is to be expected but the youngest claimant was only 24, the oldest 90 and the average age of claimants was 56. Please remember death cover is often paid out once a client is diagnosed with 12 or less months to live and this enables them to have quality of life in their final months with us.
New Zealanders claimed more than $107m over a two year period for trauma and TPD payments with cancer accounting for 63% and heart issues a further 14%. The youngest claimant was only 11 and the oldest was 66.
In the same two year period New Zealanders claimed more than $84m in income protection payments and muscular and limb claims accounted for 48% of all claims. Claimants were aged from 22 and 81% were males.
From these statistics we can see that both the young who are only starting out in life through to those with families or heading to retirement are all susceptible to having health issues that can leave them or their families in financial strife.
Could you or your family survive a financial crisis? – Are your mortgage payments insured against accident or illness?
No matter what your financial situation, you should have an open, no obligation, discussion with our consultants to see where you are at and what sort of financial plan will work to secure yours or your families future. Please call us on 03 379 6847 or email admin@supernz.co.nz to arrange a convenient time for you to meet with us.
Insurer initiatives
OnePath have recently released their Client Membership benefits and if you are a OnePath client, you have access to this free and independent service. OnePath want to support their clients on their journey through life by providing additional support that may help to prevent a minor problem from becoming something major. This includes:
· Budgeting advice;
· Career counselling;
· Health management;
· General counselling and more.
To put this into perspective, a OnePath client in Christchurch had a three year old daughter traumatised by the February 2011 earthquake. Whilst the client’s policies did not cover psychologists, they were able to seek assistance through the Client Membership Benefits. The parents and child were able to attend a number of sessions with a clinical psychologist and work through the trauma all at no cost to them.
This type of initiative is a great step forward and shows that insurers are there to assist in many ways providing you come forward to the likes of ourselves and keep us informed of any change in your circumstances.
If you are a OnePath client or wish to know more about the Client Membership benefits or other ways insurers may be able to assist you please call us on 03 379 6847 or email admin@supernz.co.nz
Fidelity Superannuation Statements
Over the past two weeks Fidelity have been mailing superannuation statements to clients. Unfortunately an error has been detected in the contribution figures for the previous financial year and replacement prints are available on request. Please contact us if you have any questions relating to your Superannuation policies or statements, please call us on 03 3796847 or email admin@supernz.co.nz
Christmas
On a happier note we are entering the Christmas festive season where we spend time with our families and make New Year resolutions.
We will be closing the office on 22 December 2011and reopening again on the 9th January 2012. We are more than happy to meet with you through December and again in January if we can assist you
to develop the New Year resolutions or dreams in financial security and reality for yourself and your family.
Whatever you do and where ever you go for the holiday’s, please have a great time, rest up and stay safe.
We are available to discuss your insurance, home loan and investment needs in what is a difficult time for many of us at the moment so please feel free to contact us if you have any questions.
Give us a call on 03 377 3693, 0800 572 387 or email us at admin@supernz.co.nz
We look forward to hearing from you soon.
Kind regards
Kevin, Ian and the team.
We can provide and specialise in:-
Life Insurance Health Insurance Income Protection Savings & Investments
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98 Carlyle Street Sydenham Christchurch
03 379 6847 0800 4KSAVER 0800 572 837 www.supernz.co.nz
This newsletter is issued as a Class Service in terms of the Financial Advisers Act 2008 and is not a Personalised Service.
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