Your Journey, Covered

GETTING MARRIED

1.

Review your insurances: now is a great time to look at your individual policies to make sure your cover is suitable for your joint needs and if appropriate, combine your cover/organise joint ownership.

BECOMING AN ADULT / FIRST JOB

1.

Personal Insurance: ask your parents/guardian if they have setup any insurance for you and if so, make sure to have it reviewed for suitability.

2.

KiwiSaver: review or setup your account with the best Provider and Fund to maximise your returns and get you into a first home quicker and/or save for your future.

3.

Setup an Unlocked Investment account: have a percentage of your income in an unlocked account to start growing your investments while still being able to access it for any unexpected bills.

BUY A HOUSE

1.

Review Personal Insurance: arrange Life Insurance to protect your family and pay for any debts in the event of passing away. Consider other options to cover your mortgage such as Trauma/TPD, Income/Mortgage Cover. insurance policy ownership structure suits your needs.

2.

Review KiwiSaver and Investment Fund: review your funds to make sure they are still in line with your goals. If you have brought a house now is the time to look at a long-term savings approach for KiwiSaver (rather than short term while saving for a deposit).

WELCOMING A NEW BORN CHILD

1.

Private Medical Cover: a great time to arrange Private Medical Cover for your children (to avoid exclusions for pre-existing conditions)

2.

Personal Insurance: make sure your children are added to your personal insurances for kids coverage (if required)

3.

Investments for Kids: consider setting up KiwiSaver and/or an un-locked investment account for your children to start them on their investment journey.

MOVE OUT OF HOME

1.

Personal Insurance: arrange Disability Cover such as Income Protection/Rent Protection, Trauma and TPD Insurance to pay your bills/expenses if you are off work for illness or injury.

2.

Save an Emergency Fund: create an account of 3 months’ worth of your household expenses to cover any unexpected bills.

3.

Review KiwiSaver and Investment Fund: to make sure they are still in line with your goals and needs.

RETIREMENT

1.

Review your KiwiSaver and Investment Funds: to make sure they are still in line with your goals. You might now change to a fund type that is more conservative as you live off your investment in later years.

2.

Review your Insurances: if you still have some cover in place now is a great time to make sure your cover is suitable for your retirement needs.