Getting the right insurance coverage

13 April 2016

Would you rely on your partner if you were suddenly without an income?

Our recent survey shows that women between the ages of 18-39 are three times more likely than males to rely on their partner to help them if they faced losing their income for three months or more. This might be okay if it isn't the main breadwinner that falls ill, but it's not likely to act as adequate insurance if it is the main breadwinner who is unable to work.

There may be some income inequality which drives this behaviour with some couples insuring just one person in their relationship - the one that earns the most.

However, if the female in the relationship that gets ill has children, who is going to be able to step in and look after that person and the kids? Survey results showed that the next best plan for people in the 18-39 age group was to rely on family but are mum and dad ready for that?

Do you have the right insurance?

If you would like to discuss whether or not you have the right type of insurance talk to an Adviser who will be able personalise a plan to meet your needs and budget, and advise on the right personal insurance options for you, or give us a call on 0800 267 263 (Monday to Friday, 8:00am-6:00pm).

AMP Essentials - personal insurance package
Exclusive offer to AMP KiwiSaver Scheme members

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Important information

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The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission.

AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme (the 'Scheme'). The Supervisor of the Scheme is The New Zealand Guardian Trust Company Limited.

For more information, download a copy of the AMP KiwiSaver Scheme Product Disclosure Statement and Fund Update Booklet, which have been lodged on the Scheme's offers register entry at companiesoffice.govt.nz/disclose.

A disclosure statement is available from your Adviser, on request and free of charge.