Want to save costs on your ACC? And who doesn’t. Self employed?Want to reduce ACC levies?Cover for...
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Transcript of Want to save costs on your ACC? And who doesn’t. Self employed?Want to reduce ACC levies?Cover for...
Want to save costs on your ACC?
And who doesn’t
Self employed?
Want to reduce ACC levies?
Cover for illness & injury?
Mary is a Real Estate Agent age 35
She earns $150,000 per annum
ACC would pay her a maximum of $116,089. 80 % of that is $92,871($7739 p mth).
I
Injury No cover over
$116,089.
A loss of $33,911
Illness
No cover
Her ACC levies are $2176 per annum
By changing to ACC Cover Plus Extra
A Reduction in ACC premiums of $1399
Income Protection (IP) would cover her for:
Accidents over the ACC threshold Illness She previously had no cover
INJURY COVER
ACC cover up to $22880
IP policy covers her from $22881 - $150,000
And
ILLNESS
Now covered by her Income Protection policy
Asteron Life Loss of Earnings
Monthly Income
$9375
How long for
Up to 5 years Annual Cost
$1240.20
LET’S COMPARE
CURRENT SITUATION Injury Only cover for $7739 per
mth
Annual cost $2176.00
NEW PROPOSAL Injury Covered with ACC & IP
Illness cover to 75% of $150,000
Monthly payment of $9375
For a 5 year period
Annual cost $2017.20
and
Who is now in control of your situation?
An ACC claims clerk
Wanting you back to work possibly too quickly
Your own GP
Working in your interests
How have we assisted Mary?
• Saved her $158.80
• IP payments can be made monthly rather than annually thus assisting cash flow
• There could well be tax benefits too (get tax advice from her accountant)
• She now has illness & accident cover not just accident
• Greater financial security in her time of need
• Control of her claim with her GP
What would you choose?
What should you choose?