PERSONAL INSURANCE

Life Insurance is a vital financial safety net for your loved ones in the event of your passing. It helps protect your family’s financial future.

With options for lump sum payouts or monthly benefits, it’s important that we assess the costs that would need to be covered to structure the benefit in a way that’s right for your family.

Allow your family time to grieve without the pressure of how they are going to pay for your funeral. 

The average cost of a funeral in New Zealand is approximately $10,000. We see many families begging and borrowing to pay for them. 

Funeral Insurance allows them to cover immediate bills in the event of your passing. It can provide financial security, help pay off debts and help pay any medical or final expenses.

Remove the financial stress from your family and talk to Roma & Co about funeral cover today.

Having a will is important in the event of your death. To find out why, visit our wills page.

 Don’t be reliant on the public health system.

ACC only cover accidents, and even then, you might have to contribute to your treatment. The rest of the time your reliant on the public system. A system which can have long wait times, limited access to medication and doctors.

Health insurance allows you to access private healthcare, reducing your waiting time and removing the stress and burden of living with a medical condition.

Dependent on your requirements, a health insurance policy can help you pay for surgeries, doctor's visits, hospital stays, medications, specialists, and preventive care. 

It’s never too early, or you’re never too young to get health insurance. Discuss your requirements with Roma & Co.

If illness or injury prevents you from working, covering your daily expenses can become challenging. This is where Income Protection, Mortgage Protection or Rent Protection comes in.

Most people think they can reply on ACC or government benefits in this situation. The reality is, ACC will cover 80% of your income and there is a cap on how much you can get regardless of income. For self-employed it’s 80% of your DECLARED income which can be a lot lower on paper than what you practically spend. And you still need to pay tax on any payments you receive from ACC. 

While these insurance covers seem very similar, there are differences, and one may be more suitable than another depending on your circumstances.

Income Protection insurance ensures that you can continue to cover essential expenses during unexpected periods of incapacity, whereas as the name suggests, mortgage or rent protection ensures you can keep the roof over your head by covering mortgage or rent payments during these times.

Overall, the most important thing is that these insurances allow you to focus on your recovery without worrying about the financial stress of meeting your living costs.

A serious diagnosis can be life changing. It’s scary thinking about how you and your family would manage if you were faced with cancer, a heart attack, or stroke? Such things can take a major toll, financially, emotionally and physically, on you and your family. 

Trauma cover offers a vital lifeline alleviating stress and ensuring financial stability in the event of such a crisis. This type of insurance provides a lump-sum payment upon the diagnosis of a specified medical condition which you can use to support you through your treatment and recovery. Allowing you to focus on getting better.

Reach out to Roma & Co to discuss whether Trauma or Critical Illness Insurance is right for you.

Like critical illness, a serious accident or medical event can change your life in an instant. If the result is permanent disability this may mean you need to reconsider how you live your life. Having financial stress at this time can be overwhelming.

Permanent Disability insurance can provide you with a lump sum payment if you become permanently disabled as a result of an accident or illness and are unable to work again, removing the financial toll of such an event.