Under 65 and working or not, ask me about KiwiSaver
Have all of your family had their slice of the cake from KiwiSaver? Whether working or not, so long as you or your family members are under 65 years of age, I can show you how to benefit from KiwiSaver. The compounding effect of the additional benefits is hard to beat in the current financial climate with many clients being amazed at the benefits and entitlements available under the scheme.
I am available to discuss your investment, insurance, mortgage and KiwiSaver needs in what is a difficult time for many of us at the moment so please feel free to contact me anytime if you have any questions. My personal email is denis@thorner.co.nz or ph 04 528 8088.
Talk to me about your situation soon.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Mortgage Interest Rates Have Moved Again
Circumstances change quickly in the current financial environment and you may be unaware that the recent mortgage interest rate changes announced on 9 September have widened the gap between short and long term fixed interest rates. This reflects the changing cost of offshore funds which banks rely on to supplement the funds their local depositors place with them. There has been an easing in the cost of shorter term offshore funding but there is also significant competition in the New Zealand deposit market, which continues to push the rates higher than they would otherwise be.
The result is regular reviews of your mortgage have become more important than ever. Not just to ensure ongoing affordability, but more importantly, to ensure that the structure is appropriate to your current and future needs and goals.
While having some of your mortgage on a floating rate offers flexibility, it is a facility more suited to those who are in a position to place bulk sums into it to reduce their overall lending to obtain the resulting interest savings, even if only for short periods of time.
Unless you are in a position to clear the majority of your floating rate loan in the short term, it may be more appropriate to change some to a fixed interest rate to provide some certainty going into the future. I do not have a crystal ball but the NZ Treasury predict that short term rates will remain low for the next year and Bank’s have been speculating floating rates will rise back to the 8% level over the next two years.
Now is also good time to check that you are financially protected and prepared for life’s events – planned or unexpected and ultimately I want to help to keep your home in your hands. The last thing you want to see is your home slipping out of your hands, should you be unable to meet your loan repayments. If you died, would you leave behind enough resources to pay off your home loan and safeguard your dependants’ future?
I am available to discuss your investment, insurance, mortgage and KiwiSaver needs in what is a difficult time for many of us at the moment so please feel free to contact me anytime if you have any questions. My personal email is denis@thorner.co.nz or ph 04 528 8088.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
What happens if all of your information isn’t written on the application form?
It is really important when somebody else completes an insurance application for you that you check to see the answers are correct and that no information has been left out.
The insurer can avoid the policy and decline to consider the claim if all the information wasn’t written on the application form.
Even when your broker writes the answers on the application on your behalf, you are still expected to read all the answers and sign a statement declaring all the information is correct.
At Thorners we always provide you with a copy of everything completed during a Life Insurance interview to give you time to reconsider your answers.
Call Thorners if you are considering any form of insurance to get the best advice in New Zealand.
Click here to email Thorners or Call Us on (04) 528 8088
What happens if you fail to disclose information to an insurer?
Currently the NZ law does not make a distinction between deliberate or innocent non disclosure. Effectively if you just left information out of an insurance application unintentionally or by accident, the insurer can still decline your claim, avoid your policy or make changes to your policy.
Contact Thorners if you need insurance advice and we will work with you to ensure that you understand the proposal form and disclose the relevent information.
Thorners service clients New zealand wide and are an award winning insurance agency offering personalised service.
Click here to email Thorners or Call Us on (04) 528 8088
Is it fair that insurers exclude pre-existing medical conditions?
We are often asked why insurers exclude pre-existing conditions.
Unless a policy offers cover for pre-existing conditions, the insurer isn’t obliged to cover any of them.
Companies generally exclude associated treatment for pre-existing conditions as they pose a higher risk and greater likelihood of a claim.
For sound advice on any new Life insurance policy, contact Thorners. We service clients New Zealand wide and have a sound knowledge of the best options available.
Click here to email Thorners or Call Us on (04) 528 8088
Mortgage rate changes released 4 September 2009
Mortgage rates alter again effective from today so always get advice before chosing your fixed or floating options.
The new interest rate structures released this afternoon by several lenders reflects the changing cost of offshore funds, which banks rely on to supplement the funds their local depositors place with them.
There has been an easing in the cost of shorter term offshore funding rates but there was also significant competition in the New Zealand deposit market, which was pushing these rates higher than they would otherwise be.
Call Denis for free confidential home loan advice on 0274 575 190 or contact the office using the contacts below. Denis services clients NZ wide.
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