Disability &
Pre-Existing Condition Income Protection Insurance
Frequently Asked Questions
Find answers to common personal insurance questions below. If you can’t find an answer
to your questions, please Contact Us and an expert adviser will reach out.
We charge no fees to you for our service. We receive our compensation from the insurance provider only after we have successfully helped you secure cover that meets your insurance goals.
This is something you chose when applying for the cover, and is usually called the “benefit” or “payment” period. These are typically 2 years, 5 years, or until age 65. Your payments will end either when you are fit to return to work, or once you’ve hit the end of this benefit period. It’s important to get this right, to ensure a balance of affordable premiums and sufficient cover.
The amount of cover you need will depend on your income, lifestyle, financial obligations, and dependants. It’s a good idea to discuss this with a financial adviser to ensure you get this right and aren’t left with a shortfall at claim time.
Income protection is designed to cover loss of income when you are unable to work due to illness or injury, and some policies also give you the option to add cover for redundancy. They will not cover getting fired.
If you’ve been hit with an illness or injury leaving you unable to perform your work duties, it might be time to lodge a claim on your income protection policy. In general, you’ll need to lodge a claim and provide medical evidence that you’re unfit for work for longer than your specified wait period. Your adviser can help you through this.
The cost of income protection can vary a lot depending on your health, occupation, income, and options chosen, including the wait period (how long before payment kicks in) and benefit/payment period (how long it can pay for). It’s advisable to speak with an adviser to help you find the option most suitable for you.
Yes, unless specifically excluded due to your personal situation, life insurance covers death due to both accidents and natural causes.
Yes, insurers charge different rates for smokers (including vaping) and non-smokers, based on the increased risk of having a claim.
Life insurance pays out either a lump sum or a monthly payment over an agreed number of years (or both) when the insured person passes away. Many policies will also pay out in advance for terminal illness.
It’s easy to get life insurance, but there are a lot of options, and it’s not easy to understand which is right for you. You can either take it out directly with an insurance company or go through an adviser.
Using an adviser like one of GetInsured.co.nz’s Partners will cost you nothing, and the products available are often far more comprehensive. Their job is to work for you, to recommend the policy most suitable, as well as make it easy to understand your options and what products are a good fit. If you have any existing cover, they can provide advice around its suitability, and any pros and cons of changing it. They also do most of the leg work to make it easy getting in place, and most importantly, are there to help you at claim time.
The companies that we work with all pay out a small portion immediately upon notifying them of the death (usually $15-25,000), to ensure you have funds available to cover the funeral.
The full sum will require medical evidence to ensure it is a valid claim, which would typically be processed within 48 hours of receiving the information, and payment received 2-5 business days following approval.
Most of the policies we work with also include additional payments for grief counseling and financial and legal advice.
Life insurance premiums vary from company to company and are influenced by a variety of factors, such as smoking status, age, and health. As an example, $500K of life cover for a 40 year old non-smoker can cost less than $30/month.
It’s not just about what the cost is. Comparing policies requires a good understanding of the policy wordings, benefits, exclusions, and what this means for you to ensure the best outcome at claim time. This is the part that can be tricky and is why we recommend getting an expert financial adviser in to help you understand your options.
Health insurance policies can range from covering day to day costs like GP or dental visits, through to hospital cover for more serious treatments like surgeries or non-Pharmac cover.
Different policies can also range a lot in what and how much they will cover, as well as any excesses you may need to pay.
An adviser will be able to help you understand which options will best suit your needs, and discuss what’s important for you to have covered, and what you’re happy to self-insure for.
The journey to find the best income protection insurance plan is too complex to do on your own.
Follow a simple process, guided by our partner team of expert insurance advisers,
and as a result, you’ll get the cover you need that fits your personal circumstances.
The best part? Our entire service comes at no cost to you.
We receive our compensation from the insurance provider only after we have successfully helped you secure cover that meets your income protection insurance goals.
Furthermore, our commitment doesn’t end there. Our partners continue to provide ongoing advice and support, assisting you with any claims to ensure you receive the benefits you deserve.
Choose the Right Income Protection Cover in 3 Easy Steps:
Tell Us What You Need
Complete a brief form, specifying the personal insurance products you're looking for, your contact details, and the ideal time for us to get in touch.
Receive Quotes & Advice
A friendly adviser will call you to kickstart a simple and easy journey, and provide you with quotes and advice. Feel free to ask anything, anytime.
Make an Informed Decision
Equipped with personalised advice and competitive quotes, you can confidently choose the right insurance plan from the right provider at the right price to match your situation and goals.
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Getting insured shouldn’t be so complex
Finding the right income protection insurance information to compare providers, understand their policies,and receive personalised quotes should be a breeze and easy to grasp.
Tackling income protection insurance research by yourself can be overwhelming. Trying to choose the perfect package among countless providers can make your head spin.
GetInsured.co.nz was set up to offer Kiwis an easy solution to connect with their friendly advisers – allowing you to get all the advice on income protection insurance and personalised quotes you need with no hidden costs and obligations.
Client Feedback
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Source: 26/02/2023
via Google Reviews
Welcome to GetInsured.co.nz
Researching income protection insurance on your own is a daunting task. Let’s make it simple and do it together.
GetInsured.co.nz works with New Zealand’s leading financial advice providers, to help Kiwis easily access up-to-date income protection insurance advice and empower them to make informed decisions and get the cover they need to protect their assets, families and lifestyles.
At the start of the process, all our clients generally feel the same. They say that becoming informed on income protection insurance can be complex and time-consuming. They think that it’s difficult to get the cover they need to match their personal situation.
The good news is that it doesn’t have to be this way. We partner with more than 70+ expert advisers that offer clear guidance in plain language so you can confidently choose the income protection insurance plan and price that works for you.
Ask any question you want, at any time you want, and your adviser will explain all aspects of what you need to know so you can confidently make an informed insurance decision.
Who are GetInsured.co.nz's Partners?
New Zealand’s leading financial advice providers
Client first culture
New Zealand Owned & Operated
In-depth knowledge of New Zealand’s leading insurance providers
Dedicated claim support team
Tailored insurance advice with transparent quotes & no hidden fees
10,000+ clients over the last 5 years
70+ expert financial advisers from across the country
Stop Rolling the Dice on Your Income Protection Insurance Cover
Don’t let the unexpected win. Make an informed decision.
Avoid insurance buyer’s remorse.