Risk Insurance Advisor Steve O’Connor helps people ensure they have the right insurance cover when they need it most.
As you age, insurance companies consider you a higher risk for claims, which is why your premiums tend to increase.
Additionally, most policies are linked to the Consumer Price Index (CPI), meaning your cover levels typically rise each year to keep up with inflation – unless you choose to opt out.
For many clients, this can lead to paying more than necessary for their current cover.
However, there are ways to reduce costs:
- Adding another type of cover often qualifies you for a multi-cover discount, which can significantly lower premiums.
In fact, many of my clients find that their life cover becomes cheaper after bundling it with other types of cover.
- As a broker, I have access to exclusive deals from various insurance providers. For example:
One insurer is currently offering three months of free premiums for new clients.
Another insurer provides two months free cover for new clients, plus an extra 15 per cent discount for non-smokers with a BMI under 24.9.
One of New Zealand’s largest insurers offers a programme where you can receive up to a 15 per cent multi-policy discount (on three or more types of cover) and an additional 20 per cent discount for achieving certain health goals throughout the year.
This holiday season could be the perfect time to review your personal risk insurance.
There are plenty of opportunities to optimise your cover and save money.
Let’s talk…
- Steve O’Connor, Insurance Advisor, Insurance Market, 021 862 330, steve.oconnor@insurance-market.co.nz
