Who is PHARMAC
Who is PHARMAC and what do they do? Fortunately for us Kiwis, we have PHARMAC who are a government funded agency that decides which medicines and related products are funded in New Zealand. They decide what treatments they subsidise to make drug treatment more affordable or even free, but they have a limited budget and have the task of deciding which treatments they subsidise which also means which ones they cannot. I use the word cannot because if they could afford to, I am sure they would. Here are some facts you should know about PHARMAC In the 2019/2020 years [...]
What does a Financial Adviser do
If want to know what does a Financial Adviser do, there can be a range of answers because the use of the term financial adviser is broad, and was defined under the new government rules and regulation. Financial Advisers work in three categories which are insurance, investments and finance. Some advisers will provide all types of services such as Mortgage Finance, Personal Insurance such as Life Insurance and KiwiSaver while some will just provide service in one category such as Mortgage Finance. Financial Adviser Qualifications Financial Advisers are governed by the Financial Markets Authority (FMA) who hold advisers to a [...]
What will ACC pay for
What will ACC pay for is a very popular question and we need to understand what it will pay for and even more importantly, what it will not pay for. There are limits to this cover and as obvious as it sounds, it is for Accident Only. Accident Only Income Replacement We have to acknowledge the place ACC plays in our lives as New Zealanders and how fortunate we are compared to other countries such as the United States. However it is restricted to Accident Only and does not pay for being unable to work when you are too sick [...]
Small Business Insurance
Some insurers provide specialist Small Business Insurance cover specifically for small business owners to pay for business expenses such as business debts, fund partnership buyouts and in some cases, you can insure a x (times) factor of your key person salary. The scope of this article is not to provide any business advice, but to help you understand how you can use innovative insurance products to provide capital if the need to buy out a business partner in the event of death or disability of that business partner. Death of a business partner. Apart from the emotional loss and the [...]