|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, August 3rd, 9:32PM


Latest Headlines

Tower enhances Key Person cover

Tower Health & Life has released some enhancements to its Key Person Cover. This cover is designed to pay a monthly benefit if a business owner or key person is unable to work due to an illness or injury.

Friday, September 5th 2008, 8:23AM
The enhancements include:
  • Financial evidence of earnings not required for sums insured under $5,000 per month
  • All benefits are paid in advance instead of arrears
  • The ownership of the cover can be either the life insured or the business.
  • Adding the above enhancements to the existing features makes this an attractive product.

    The existing features include:

    • Agreed value contract
    • Built in Partial Disability Benefit
    • No ACC offset
    • Guaranteed renewable/non-cancellable
    • One year benefit period
    • Choice of four, eight or 13-week wait periods.

    Kevin Smee of Solutions says; "Tower has packaged some of the best features of the key person products available into an attractive, simple product for the business market".

    In the year ending June 2008, 96 New Zealand business people stated that ill health was one of the reasons they declared bankruptcy. Tower's Key Person Cover is designed to help avoid this situation by being a core component of a risk protection plan for small to medium enterprises.

    "In a weak economic climate, Key Person Cover can become even more important as it protects the financial contribution that key people make to a business and reduces the financial strain of their absence," Tower Health & Life chief executive Steve Boomert says.

    « The National Partnership buys back-officeGroup market owes it to KiwiSaver »

    Special Offers

    Commenting is closed



    Printable version  


    Email to a friend
Insurance Briefs

Insurer nib backs Ronald McDonald House with $20k investment
Health insurer nib New Zealand and its nib foundation have lent support to Ronald McDonald House Charities.

Less stressed during lockdown
New Zealander’s health and wellbeing had surprising benefits from the Covid-19 lockdown.

Southern Cross supports new safe haven for at-risk pets
Southern Cross Pet Insurance has teamed up with Pet Refuge to provide temporary shelter for animals affected by family violence.

nib Foundation supports Lifeline to the tune of $150,000
To support the growing mental health needs of Kiwis emerging from the Covid-19 pandemic, Lifeline Aotearoa has increased its service capacity thanks to a $150,000 grant from nib foundation, the charitable arm of nib New Zealand (nib).

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and