Sovereign Best Doctors
Did you know that Sovereign payout over $700,000 per month in Specialist and Test claims alone.
Sovereign have made policy changes and you can now have Specialist and Test cover linked to your life policy. Follow the link to see why people are claiming and which conditions have the highest claims ratio – you may be surprised!
Specialist and Diagnostic Testing Fact Sheet
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Making a life insurance claim
Many people put off making a claim until the inevitable happens but always remember the sooner the insurer knows your circumstances, the sooner they can assist you.
Check this link to see how Sovereign handle claims Sovereign Guide to Making a Claim
Contact Thorners for all of your insurance requirements.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Real Life New Zealander’s Life Insurance Claim stories
Ever wonder why you pay Life Insurance and wonder what is covers?
Ever wonder if anybody ever gets paid out on a claim?
Follow this link to see real life New Zealander’s and their personal life claim stories.
https://www.sovereign.co.nz/real-life-insurance/
Let me know if you need to review your life cover – Denis@thorner.co.nz 0274 575190
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Thorners June 2010 Newsletter
Follow the link to read Thorners June 2010 Newsletter
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Rising medical insurance payouts vs premiums is unsustainable
The health insurance industry is warning the growth in the rate of its claim costs compared to premiums is unsustainable.
Publishing the industry’s quarterly statistics today, the Health Funds Association identified rising health costs as its key challenge.
Executive director Roger Styles said claim costs had grown at double the rate of premiums during the past two years, which was not sustainable.
Premium income for the year to the end of September of $859 million, was up 5 percent or $41m on a year earlier. Claims paid were up 9.9 percent or $67m to $743m.
The two main reasons behind recent cost pressures were that more people were claiming on their health insurance, and the average value of each claim was rising, Mr Styles said.
In the past year additional services became available, such as private radiotherapy in Auckland, which was not previously an option for people with health insurance.
Cost-shifting was continuing from the public sector, with a rise in the number of claims for surgery knocked back by ACC, he said.
Also from this month, ACC would require co-payments from patients for physiotherapy, which would have an impact on insurers who covered top-ups for ACC in their policies.
Contact Thorners if you require any Health Insurance cover as they have access to several providers and understand the market.
Click here to email Thorners or Call Us on (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 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
Click here to view our disclosure statement.
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
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Easing The Squeeze – 3 Key Review Areas
The current financial climate is proving to be a difficult time for many of us at the moment and I am finding that many of my clients are trying to get through by juggling their finances but they are still not making headway.
I am here to help you and my valued clients and I have taken the opportunity to note three key areas where I can offer assistance to review your circumstances.
Many of us have mortgages on a variety of interest rate options. You may be unaware but a considerable portion of my business involves home loans. I am able to assist with new purchases, top ups to clear existing high interest rate HP’s and credit cards, refinancing existing home loans and advising on fixed interest rate rollovers.
I can currently obtain 12 month fixed rate lending at *5.80% p.a. and a floating rate of *6.80% p.a. with no application fee for refinances, no ongoing re-fixing fees for fixed rate lending and no bank transactional fees. Rates continue to move and we can expect further movement in the next few days. You should contact me before making any home lending decisions.
Call me to discuss your home loan options – you may be surprised how simple the process to change provider can be and the amount of the savings to be made from some subtle restructuring.
We all want to provide cash for our loved ones by having a combination of Life, Trauma, Medical and Disability Income insurance but balancing premiums against our budgets can be an ongoing battle.
In recent times, many insurers have reviewed their premium structures and I am able to offer some extremely competitive pricing especially for top up Life and Trauma Insurance. By reviewing your Medical insurance excess and the wait period on Disability Income cover, it may also be possible to extend the extent of your cover.
If you are looking for large long term Life insurance premium savings and the ability to retain policy affordability well into retirement, then you need to be on the “Level Premium” option for some of your Life cover.
Please allow me to quote and show you the difference levelling can make to your life premiums.
The membership of KiwiSaver continues to grow with over 900,000 current members. I believe in the benefits of KiwiSaver and feel only those Kiwi’s who do not understand it are not members.
From 1 April 2009 members will be able to contribute 2% of their income, down from 4%. This increases affordability and you should discuss your options with me either before joining or before altering your contribution rate.
I would also like to point out that the membership opportunities for children and the nearly retired under 65 year olds are tremendous. Where else can you get $1,000 for free and no need to contribute further if you are not working? Self employed workers not on a PAYE deduction basis for their tax also have the opportunity to contribute as little as $20 per week to get the Government’s match of up to $1,043 p.a..
Speak to me soon about the benefits of KiwiSaver for your personal family situation.
These are only three key areas where I may be able to help you to “Ease the Squeeze”. My website www.thorner.co.nz contains other information and I would recommend to you and your family to browse the information and informative blogs on the website
As an incentive to view the web site, I am offering a free scratchy to the first 50 people to complete the Lifestyle Check and to respond by answering the following question using the “click here to email us” line at the end of the Lifestyle questionnaire…
How many questions are there in the web based Thorners Lifestyle Check?
Any client having a new “Level” Term Life policy issued before 30 April 2009 is also in the draw for a carton of Whitehaven wine – there has never been a better time to talk to me!
As you can see – there is plenty of scope for optimism this year and I am here to help you, your family and your friends. Please refer anybody to me that may be suffering financial distress.
I look forward to hearing from you soon to discuss your options for 2009.
*Mortgage interest rates are subject to change and applications are subject to meeting lenders application criteria and subsequent approval
** All investments are subject to receiving a copy of my Investment Disclosure which is available free of charge from my website or office.
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Five Benefits Of Having Health Insurance
Your health is critical to the quality of your life, especially the ability to earn, and you can’t always predict what health issues may occur in the future.
Having a health insurance policy can give you the security of knowing protection is in place and that options are available if you experience health issues.
Key benefits of having cover now are…
1 You have a greater choice of where, when and how you get treated, in consultation with your doctor or specialist.
2 Avoiding long delays in waiting for treatment in the public health system.
3 Access to the latest technology and recognised medical procedures.
4 No added stress and worry about how to pay for health bills, especially for laprascopic surgery.
5 Cover now for many unknown health issues that may arise in the future.
There is no time like the present to review ypur circumstances as those who delay often develop health issues that can potentially become exclusions on your new health policy.
Don’t find you require elective surgery which places you in a queue – it could be as simple as removal of a cancerous tumour or a hip or knee replacement all of which are not seen as urgent by our DHB’s. Many minor ailments could prevent you from earning.
Get a quote or have your current cover reviewed today.
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to email Thorners 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
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
