(1) Do It Yourself ‘ers (DIY) – for people comfortable making their own calculations on how much is required correctly, have researched and know the crucial differences between the different Life insurance companies, their policies details and terms. Usually we find people in this category base their decision mostly on whoever has the lowest price. Price is always an important factor but like most things in life, you typically get what you pay for and the cheapest isn’t always the smartest option. What we feel makes most sense is firstly getting free and independent advice from a registered Life insurance Adviser.

(2) Life Insurance Advisers – most Life insurance advisers in NZ work with all the major Life insurance companies in NZ but importantly they are not employed by those Life insurance companies. This means they able to be objective when working with clients on which company will be the best fit for their requirements. Typically after an adviser has calculated what the correct amount and type of cover is needed, they will then be able to compare what that will cost via the different Life insurance companies. Ultimately this will lead to them providing recommendations as to what your options are and which makes most sense, with the reasons why.