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Life Insurance Advice

Glynns Financial's insurance advisers will help you protect your assets and your family in the best way

  • How to best protect yourself, your family and your assets
  • Expert advice about health cover, home insurance and mortgage insurance
  • Personalised insurance advice to suit your budget
  • Based on Auckland’s North Shore

Everyone has different needs. Our expert advice will help you to protect what matters with health, home or life insurance

An essential aspect of wealth management and financial planning is protecting you, your family, and your assets. At Glynns Financial, we recognise there is a phase of your financial life when you have a lot going on. It’s the time when you will likely be servicing the mortgage on one or more properties, and when your family is growing.

Although you will be at your peak earning potential during this time, you will also be juggling significant financial commitments. This is why it is vital to have a clear plan allowing you to optimally manage and protect what is important to you. Glynns Financial will help you design an achievable plan that creates security and certainty for your family.

Expert advice is given on how to:

  • repay your debts
  • grow your wealth
  • protect your debt, your assets, your earning ability and your loved ones

You can rely on Glynns Financial to provide sound, independent insurance advice. To arrange your first complimentary consultation, please contact our Auckland based financial consultant today.

When tragedy strikes, personal protection like health cover or mortgage insurance provides money when you need it

Sudden, unexpected events can happen, resulting in a dramatic change of circumstances. The last thing you need during a devastating time in your life is being caught in a financial mess. When unforeseen events happen such as the death of a family member, loss of income from a serious illness, disability or redundancy or unexpected health costs, it is wise to have covered to yourself. 

There are many personal insurance products that provide you with financial protection and safeguard against hardship. These products provide you with the peace of mind that if something were to go wrong, you and your family could continue to maintain your lifestyle and include:
 
  • health insurance to provide for hospital stay and unforeseen treatment
  • life insurance to provide cover for loved ones or for funeral expenses
  • income protection insurance to provide cover in case you cannot work due to illness or injury
  • mortgage repayment insurance to help cover your mortgage payments if you cannot work due to illness or injury
  • personal liability insurance in the event you injure someone or damage property
 

Glynns Financial only works with respected insurers to bring you products that give you the security of being adequately protected. Our knowledgeable adviser will work with you to choose the right level of cover and do the legwork to source the most competitively-priced deals. In the event you do need to make a claim, we will make it as stress-free as possible by guiding you through the process.

Things to consider when deciding how much life insurance to get

If you are planning on having children, have children, or have a mortgage or other debts, life insurance is a necessary expense. When a loved one dies, many surviving spouses don’t receive a sufficient pay-out to cover all costs. 

 

However, with careful planning and realistic conversations, you can provide much or all of the requirements that suit your family. At Glynns Financial, our North Shore based independent financial adviser works out what level of cover you require and then works backwards on affordability. Below, are the main factors we consider when planning how much life insurance really is enough:

  • Funeral expenses – All funeral costs, typically around $15,000, have to be readily available and can be paid immediately from the life insurance cover.
  • Debt clearance – The absolute minimum all debt, including securing your family home, must be covered by life insurance.
  • Income replacement – Together, we’ll work out how much replacement income over a designated period is required for your family, after any debt has been repaid, to live. You can decide at which age your children no longer require financial support, and determine when you can replace your spouse’s lost income.
  • Grieving period – Building in a set amount of money to enable you to take time off from work is highly recommended. If a long illness has been involved, having the means to take your family on holiday is a true blessing.
  • Children’s education – If you have plans for private or tertiary education, adequate provision must be made.
  • Retirement fund for a spouse – It is wise to build in a lump sum which can be invested to provide an income in retirement. This is a good idea if there is a spouse left with young children, and it is a long time before they can engage in high paying work or if there are not many years ahead to build up a lump sum through KiwiSaver or other retirement plans.
  • Legacy – Leaving money to charities, or creating a charitable fund to create an on-going legacy is something to consider.
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