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Is it worth getting Income Insurance in New Zealand? Here’s what you need to know.

Do we actually need Income Protection Insurance here in NZ?

Ever pondered the importance of Income Insurance, and whether you actually need it? We’re breaking down the facts, and why safeguarding your income is more than just a financial choice, it could be a complete game changer for your future and your finances.

Real Life Scenarios: Unpredictable Plot Twists

Imagine this: Life takes an unexpected turn (for example, you might have a car accident that wasn’t your fault, or a sudden bad health diagnosis). Your income takes a sudden hiatus due to your illness or injury, with the government providing only minimal assistance financially. Cue the stress and financial woes! Income protection isn’t just a financial decision—it’s a lifeline during these unexpected storms. Without income, everything you have worked for is at risk.

The Ripple Effect of Income Loss

When the pay check vanishes, it’s not just about tightening the belt. It’s about the domino effect on your plans and aspirations, from mortgage, car and education costs through to those dream holidays you’d been planning. Then, add the rising cost of living and what won’t fit in your new budget – this could be losing the ability to enjoy the food you love, or your usual recreational and family activities. The absence of the income you’re used to can cast a real shadow over your financial wellbeing, and your quality of life. Not to mention, it’s the last thing you’d want if you’re already dealing with an illness or injury.

Why Income Protection Insurance Matters

Enter Income Protection Insurance: your shield for life’s bad surprises, and your hero in maintaining financial stability. Income Protection Insurance allows you to continue to receive up to 75% of your pre-tax earnings if you’re off work due to an illness or injury. Here in New Zealand, unlike accidents, no ACC is payable for illness, and more than half of Income Protection Insurance are payments for illnesses. Illnesses such as cancer can happen without warning, at any age. Ensuring peace of mind for you and your family can help ease any stresses or worries of what would happen if something went wrong. At Acorn Insurance, we understand that your income isn’t just about dollars, it’s about preserving your way of life. We’re all about guiding you toward a tailored solution that fits like a glove.

How Acorn Insurance Helps Navigates Your Needs

We understand your situation is unique, and Income Insurance can be complex to navigate with a number of policy variations, features and optional extras. That’s why Mike and the team are here to cut through the clutter and customise a solution that’s perfect for you. No unnecessary extras, just the essentials. Our team works to not only secure the best deal but also ensure a cost-effective solution for your individual circumstances.

Why leave your financial future to chance? Let’s chat and explore the tailored options that will have you ready to face whatever comes your way. Ready to make the smart move? Reach out here, and let’s embark on a journey to secure your peace of mind. When it comes to income protection, it’s not just an option – it’s a strategic move for a brighter, worry free tomorrow.

Find out more about Income Protection Insurance here.