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The $95 Million Insurance Surge: What You Need to Know
Money well spent or down the drain? That's the question many Kiwis ask about their insurance premiums. The answer becomes crystal clear when you learn that insurance companies are paying out a staggering $95 million MORE each year than the year before. Not just $95 million total—but $95 million additional dollars annually.
While traditional claims for cancer, heart attacks, and strokes continue to represent significant portions of these payouts, mental health has emerged as a major contributor to this dramatic increase. One insurance company alone paid approximately $25 million in mental health-related claims last year, with $8 million specifically for suicide-related life insurance claims. These sobering statistics reflect the perfect storm of pressures facing New Zealanders: skyrocketing living costs, employment uncertainty, and the constant bombardment of stressful news in our digital era.
We share real stories that drive home the importance of coverage—like the young father who finally decided to "be more responsible" and get insured, only to have his partner unexpectedly need two specialist appointments shortly after securing coverage. Or the woman who lost her mother to cancer and wanted protection for her own family, never expecting she'd soon face health challenges herself. These aren't isolated incidents; they're reminders of life's unpredictability and the peace of mind that comes from proper financial protection.
The big takeaway? Insurance companies DO pay claims—one insurer alone paid out over $829 million last year. The key is honesty in your application. We can help customize coverage to fit your budget, pulling different levers to find the right balance between protection and affordability. Reach out to us today to discuss your options and join our mailing list for information about our upcoming webinar on October 15th. Your future self might thank you more than you can imagine.
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By Zebunisso AlimovaMoney well spent or down the drain? That's the question many Kiwis ask about their insurance premiums. The answer becomes crystal clear when you learn that insurance companies are paying out a staggering $95 million MORE each year than the year before. Not just $95 million total—but $95 million additional dollars annually.
While traditional claims for cancer, heart attacks, and strokes continue to represent significant portions of these payouts, mental health has emerged as a major contributor to this dramatic increase. One insurance company alone paid approximately $25 million in mental health-related claims last year, with $8 million specifically for suicide-related life insurance claims. These sobering statistics reflect the perfect storm of pressures facing New Zealanders: skyrocketing living costs, employment uncertainty, and the constant bombardment of stressful news in our digital era.
We share real stories that drive home the importance of coverage—like the young father who finally decided to "be more responsible" and get insured, only to have his partner unexpectedly need two specialist appointments shortly after securing coverage. Or the woman who lost her mother to cancer and wanted protection for her own family, never expecting she'd soon face health challenges herself. These aren't isolated incidents; they're reminders of life's unpredictability and the peace of mind that comes from proper financial protection.
The big takeaway? Insurance companies DO pay claims—one insurer alone paid out over $829 million last year. The key is honesty in your application. We can help customize coverage to fit your budget, pulling different levers to find the right balance between protection and affordability. Reach out to us today to discuss your options and join our mailing list for information about our upcoming webinar on October 15th. Your future self might thank you more than you can imagine.
Send us a text
Support the show
Buy your first home in NZ Weekly Webinars
You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are!
Join Here - https://bit.ly/4m9SL72