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- Case Studies (13)
- Fire and General Insurance (33)
- Home Loans (31)
- Investments (25)
- KiwiSaver (41)
- Life Insurance (57)
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Case Study – Living Assurance
Category: Case Studies, Life Insurance
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In July 2002 Mary was a 30 year old healthy librarian who had no need for extensive cover but was looking for peace of mind so she added $75,000 Living Assurance cover to her protection plan. Two years later during a routine blood test the presence of leukemia changed her world. She underwent treatment and the insurer paid her the $ 75,000 which has been used to make her life more comfortable.
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Case Study – Disability Income Protection
Category: Case Studies, Life Insurance
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Mark is an auto glazier who started his own business after gaining 15 years industry experience. After trading for one year he suffered a lower back injury which put him out of work. Through his Risk Protection Plan, Mark was entitled to an agreed value benefit of $2,000 per month, after a six week waiting period. Initially the payment was made less his ACC benefit so he was getting $1,374 per month and when the ACC portion stopped, the insurer increased their payment to $2,030 per month. Mark is unable to return to work as an Auto Glazier and the insurer has since provided him with a vocational retraining benefit which covered a Polytech computer course.
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Case Study – Life Cover Benefit
Category: Case Studies, Life Insurance
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Petra was 41 years old. She worked in the financial industry and part of her employment package had life cover provided by an employer chosen insurer. In May 1997, she went to the doctor as she had been feeling unwell for some time. The doctor diagnosed her condition as cancer of the gall bladder and with it being terminal she was unlikely to to live longer than twelve months. The doctor provided the insurer confirming the terminal nature of her condition and the insurer paid her a lump sum terminal illness benefit of $92,000, which equated to the total amount of her life cover.
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