Insurance for young families
Protect your income, your home and the people in it, with cover that fits your budget.
For most young families, the biggest thing to protect is not the house but the income that pays for it. The right mix of cover keeps the mortgage paid and the family in their home if a parent gets sick, gets hurt or dies. I compare several New Zealand insurers and help you choose what's worth having.
What could go wrong, and the cover that helps
| If this happened | Cover that helps | What it does |
|---|---|---|
| You can't work for months because of illness or injury | Income protection | Pays a monthly amount, usually up to around 75% of your income |
| You can't work, and you want the mortgage covered | Mortgage protection | Pays your mortgage repayments each month |
| You're diagnosed with cancer, or have a heart attack or stroke | Trauma cover | Pays a lump sum to cover treatment, time off and bills |
| You'll never be able to work again | Total and permanent disability (TPD) | Pays a lump sum to clear debts and support the family |
| You die | Life cover | Pays a lump sum to clear the mortgage and support your family |
| You need surgery or specialist treatment | Health insurance | Pays for private treatment, so you don't have to wait |
Not every family needs all of these. Most start with life cover plus either income or mortgage protection, then add trauma or health cover as the budget allows.
How much cover do you need?
A simple starting point for life cover is enough to clear the mortgage and debts, plus several years of income, less any savings and existing cover. Get a rough figure with my how much insurance do we need calculator.
Don't forget the stay-at-home parent
If the parent at home with the kids died or became seriously ill, the family might need to pay for childcare or reduce the other parent's work hours. Life and trauma cover for that parent is often well worth it, even though there's no salary to replace.
How I help
- Free chatWe talk about your family, your mortgage and any cover you already have.
- Getting to know youA proper meeting to understand your budget, health and what matters most.
- Research and quotesI compare insurers and put my recommendation in writing.
- Your decisionI explain your options plainly, and help with the application if you go ahead.
- Ongoing reviewsI check in as life changes, and I help if you ever need to claim.
Insurers I compare
I compare cover from New Zealand insurers including AIA, Partners Life, Chubb Life and Momentum Life. The full list is in my disclosure.
What it costs
For most families, my advice costs nothing. The insurer pays me a commission when a policy starts. If a policy is cancelled within the first two years, a fee may apply. The details are in my disclosure.
Common questions
Do I need insurance if I already have some through work?
Work cover is a good start, but it's usually limited and stops when you leave the job. It's worth checking how much you have and whether it would really cover your mortgage and family.
Is insurance through an adviser more expensive than going direct?
No. The premium is usually the same, and the insurer pays the adviser. The difference is that an adviser compares several insurers, explains the fine print and helps you if you need to claim.
What if I have a health condition?
You can often still get cover, sometimes with an exclusion or a higher premium. It's important to tell the insurer everything when you apply, and I'll help you get that part right.
Let's talk about your family's plan
A free, no-pressure chat in Papakura, by phone or online.