Sovereign's New Trauma Insurance

Sovereign Insurance, one of New Zealand's foremost insurance providers, is launching a new Trauma Insurance policy called Progressive Care.

It differs from traditional Trauma Insurance policies in that it is introducing a new severity based payout system, intended to mitigate costs and allow the insurance to be offered at a lower cost to customers. With Progressive Care, an impressive number of medical conditions are covered (62 in total), however, based on the severity of the illness suffered the payout can range from between 10% of the agreed sum assured all the way to the full amount.

Sovereign's New Progressive Care is aiming to be a more affordable trauma product.

The Progressive Care product would payout less overall, but would be more accessible to people who cannot afford current Trauma Insurance premiums, which tend to be higher than other forms of insurance such as Life or Total Permanent Disablement. If people don't like the idea of having insurance that could result in only a partial payout, the traditional forms of Trauma and Critical Illness cover will remain available from numerous sources on the marketplace.

Any questions? Contact us for more information.

Visit the official website of Sovereign Insurance.

Kiwisaver Advice

Kiwisaver has been a hot button topic around the internet lately. Here are a collection of articles designed to keep you up to date and give advice on Kiwisaver and how to get the most out of it.

1. What is Kiwisaver? - An A-Z guide. - Sorted

2. Helen Twose answers Kiwisaver Questions - NZ Herald

3. Diane Clement reflects on Poor Kiwisaver Decisions - NZ Herald

4. Buying your first home with Kiwisaver - Housing New Zealand

5. More Kiwisaver Questions Answered - NZ Herald

6. One Third of Kiwisavers Don't Know Balance - NZ Herald

If you feel you need more personalized advice relating to Kiwisaver or other investments, our Authorized Financial Adviser is standing by to help anytime. Give us a call on 09 307 8200 or email at enquiry@sprattfinancial.co.nz.

The Importance of Reviews

The New Year is a time of change and a time for resolutions. Each year, if possible, we like to take a look at our clients' insurance to see if there's anything that can be improved and we urge them to do the same thing. Here's why.

In the insurance business, things are in flux regularly. New products, new conditions and new regulations come and go in the marketplace, meaning that often we can find you are now paying too much for your insurance or can improve your cover. This year for instance, a number of new Southern Cross health insurance plans are in the works and Tower Life and Health Insurance has changed hands, with the Life branch now owned by Fidelity Life and the Health branch now owned by Newcastle Industrial Benefits. (NIB).

People’s lives are in flux as well.  Perhaps you have a new job, are acquiring your first home or are thinking of having children? Your insurance needs will thus change, and there may be better and more effective options out there for you to cover your new needs. We urge you to make sure your cover is up to date, and that you have the best current deals the marketplace has to offer.

Whether you need to expand or simplify your insurance, whether you're an existing client or not, we can review your insurances free of charge with no obligation.

Visit our official website for more information.

Meet our team.