I’m 64 – Should I take out a KiwiSaver?
Taking a quote from a prominent NZ financial adviser in last weekend papers, we would have to agree that everybody aged 64 should be in KiwiSaver before they turn 65.
So long as you join before age 65 and contribute $20 per week for five years, you will be elegible for the initial $1,000 Government kick start, the tax credit of $1,043 p.a. plus the $40 p.a. fee subsidy. After five years you will have a nest egg of $11,630 plus interest and this won’t have any effect on your National Super payment.
Where else can you get a return of 36% without any risk? We could almost go as far as recommending to borrow to top up the payments if you couldn’t quite afford the $20 per week just to get the full return.
Even those aged 55 plus should join as the return after calculating in employer contributions will overshadow ordinary investment returns every year.
Talk to us soon to get the finer details.
Click here to email Thorners or Call Us on (04) 528 8088 Click here to view our disclosure statement
Life Insurance Premium Refund Option
An innovative Life Insurance product has entered the market where one policy option is to have a full premium refund after 10 years. Other options include the ability to continue with a certain level of cover, with the option to get a premium refund later, or you can extend cover to a set age without any further premium payments.
There are also the policy features of Terminal Illness benefit, a future insurability option and special event increase options.
Whether you are 16 or 69 years of age, this policy is well worth consideration.
Contact us for a brochure which we can also supply in Chinese if required.
Click here to learn more about Thorners Life Insurance Services or Call Us on (04) 528 8088
Life and Medical Insurance Disclosure at Application Stage
Many of us rush through the Life or Medical Insurance application form without considering the content of the medical history questions. To our detriment at claim time , the insurer may find a history of non disclosed medical issues and either declines the claim, excludes the condition being claimed for or just cancels the policy due to non disclosure.
The major areas of non-disclosure are:-
Skin Conditions (acne, eczema, dermatitis and lesions);
Ear, Nose and Throat (tonsolitis and recurrent ear infections particularly with children or during childhood)
Breast Conditions (Lumps, mastitis and inflamation)
Cancers and Tumours (any history of cancer or tumours and lesions even if diagnosed as benign must be disclosed)
Musco-skeletal (any spine, knee or hip issues)
Bowel Disorders ( Hemorrhoids, IBS and colitis)
Elevated Blood Pressure and Lipids (Anything regarding blood pressure and cholesterol)
Mental health ( Post natal depression or use of aropax etc)
Female Genito-urinary Tract
Many of these can be quite personal or embarassing and Insurers offer a confidential service to report/disclose these directly to the underwriter rather than discussing them with your adviser.
Talk to Thorners if you need to discuss this further.
Click here to learn more about Thorners Life Insurance Services or Call Us on (04) 528 8088
