Working with a financial adviser
Who are they?
Financial Advisers (also called Financial Advisors) provide financial advice or guidance to customers about financial products . As well as assisting with life insurance, Financial Advisers may provide other services (depending on their qualifications) including investment management, income tax preparation and estate planning, which gives them an overview of your financial position allowing them to make recommendations suitable for your needs and goal.
Why do we use them?
Many insurance providers in New Zealand choose to sell insurance directly to the public. We think that making sure you and your family are properly covered with an appropriate insurance plan is an important process that shouldn’t be rushed through in a few minutes.
Having a discussion with a reputable and independent Financial Adviser (also known as an Insurance Broker) helps to create a full picture of you as an individual, which in turn helps to tailor an insurance plan designed to cover you and your family’s or business's unique needs.
How can they help you?
Choosing the right insurance for you can be tricky to get your head around. That’s why it’s essential to have a dependable expert in your corner to assist you.
A Financial Adviser can:
- Help you to break down your financial objectives into manageable goals
- Navigate the benefits and features of different policies
- Look at your income, debts and family circumstance, in order to help you structure the right cover for your needs and your budget
- Recommend a suitable type and amount of cover
- Guide you through the application process
- Liaise with the insurer during the underwriting process
- Guide you through the claim process and be in your corner should you ever need to make a claim
- Recommend alternative options if you have been told that you are not able to be insured or are offered limited insurance
What to consider
Like any professional you deal with, you should find a Financial Adviser you trust and feel comfortable with. Your friends, family or employer are a good place to start when looking for a recommendation.
Some things to consider when choosing a financial adviser are:
- Whether they’re a qualified Financial Adviser
- Who they work for
- How they will be paid for their services
- The range of services they offer
- What to do if you have a complaint
Disclaimer: This is a convenient summary of the key points of this insurance policy. It is not, and is not intended to be, a policy document. Details of definitions, benefits, standard exclusions/limitations, terms and conditions are contained in the official policy document which is available from your financial adviser. You should read the policy document carefully to make sure you understand exactly what cover is provided under each benefit. This document does not provide a personalised financial advice service.