How much life insurance do you really need?

Tue March 2nd 2021


Have you ever thought to yourself do I really need life insurance? How much would I actually need?

The answer really depends on you and your family. If you have access to unlimited money, you probably don’t need any life insurance. However, in the event that you don’t have access to a unlimited money like most of us, it is important to work out what you actually need.

The first question – Do I need life insurance? If you have family, business or people that you are responsible for and care about – then the answer is yes.

Life insurance provides the future security your family or business should something unexpected happen to you. The second question – How much do I need? This is where your insurance adviser can help. We help guide you through every angle to make sure you know your options and can make an informed decision.

Let’s look at an example: Jane and Michael are married with two young children. Jane is a 41 year old stay at home Mum and Michael, 52, earns $75,000 per annum as a builder. They have a $530,000 mortgage.

As your adviser the questions we would start asking would include – do you want to pay off your mortgage of $530,000? How is Jane going to survive without the $75,000 per year income of Michael? How would she be able to keep the same standard of living while the kids grow up? You may want to pay off the mortgage? Set-up an investment that pays an income until the children turn 18 – so Jane can focus on raising the children?

This gives you power, to understand your options and know you are protected. If you would like a quick call to talk through your options or to sit down with an adviser.

Book in a free no obligation meeting. Let us give you peace of mind.

What our clients say

  • ""I have had Yvonne to review my personal insurance and ACC commitments. I was highly impressed by Yvonne’s knowledge and commitment to her industry. Yvonne was able to point out areas that would not be covered by my current insurance policies and assisted in sound advice to save money for my family and business. I have no hesitation in recommending Yvonnes services to anyone. Phil Prior – 021 55 2345 Web Mentor Datum Connect""

    Phil Prior (Datum Connect)

  • ""I would like to take this opportunity to express my great thanks to Yvonne for her incredible patience and professionalism while assisting us with our insurance needs. She met with my husband and myself on several occasions and thoroughly explained all our options. Yvonne was very friendly and explained the policies in a manner that was simple to understand, omitting all the confusing jargon. She was extremely knowledgeable and took the time to truly understand our business and family needs, ensuring a solution that tailor-made for us! I highly recommend Yvonne to anyone in need of some guidance with their insurance needs. She’s truly the best! ""

    Angela Murray (Redspark Creative)

  • ""Yvonne organized health insurance for me and got me an excellent deal! She also managed to reduce my A.C.C.bill. Great service! ""

    Bjorn Leigh (H4 BUILDERS LTD)

  • ""Further to a personal enquiry I would like to say that Yvonne has changed my general opinion of Insurance Brokers – with Yvonne it’s not all about sell, sell, sell, it’s about building a long standing relationship, she listens and then provides informative, sound and professional advice surrounding all aspects of your life and career. ""

    Tori Mortimer (ASSISTANT.CO.NZ)

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