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Posted: 10 March 2010
We’re always hearing people on talk back radio being upset because, after years of faithfully paying their insurance premium, they have had their one and only claim declined. On the face of it, this seems most unfair. The problem is that people taking out insurance policies don’t always understand the significance of their past medical history. This is because things that happened years ago are long forgotten but sometimes it’s these very things that come ...
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Posted: 2 March 2010
Traditionally New Zealanders have prized the idea of home-owning. Perhaps that stems from the fact that New Zealanders are a nation of immigrants who left their country of origin for a better life. 19th century immigrants couldn’t believe their luck to find they had come to a country where it was possible to own a detached house on a quarter acre section as this allowed them to keep a cow, some chickens and plant vegetables ...
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Posted: 15 February 2010
It has been confirmed that as at 1st July 2010, the way that Life Companies are taxed is to change. As a result, it appears that the cost of Life Cover will increase by around 15% - 20%. We feel it is important to inform you of the options you have available to combat this. We believe it may be a good time to consider locking in some of your Life Insurance premiums. Locking in ...
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Posted: 15 February 2010
Recently we’ve seen much negative publicity about previously trusted financial institutions. We’ve read about instances of “mom and pop” investors losing their retirement funds and this tends to make us uncertain who to trust in the finance industry. Trust is a value judgment and requires us to suspend disbelief and act on something that has no proven outcome. Obviously revelations about the bad practice of some financial institutions in New Zealand has resulted in a ...
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Posted: 5 February 2010
If you are an Equitus client and aim to acquire a new TV, update the car, renovate or extend the house or holiday off shore, make sure you get some projections from your finance manager so you can see the effect it will have on your lifestyle expenses. Besides, borrowing using your plan structure could subsidize the cost of your expenditure by reducing the interest cost of your borrowings to a minimum. For example if ...