What is Redundancy Cover? We’ve noticed a rise in questions surrounding Redundancy Covers lately, so here’s a quick rundown on what it entails and how it could work for you. What is it? Redundancy Cover, offered by various insurers at different times, typically provides a monthly benefit of up to $4,000 for a duration of […]
Demystifying Insurance Premiums: Factors that Influence Insurance Premiums and Tips on Managing Them Are you unsure whether to make a small claim because it might affect your premiums? Have your premiums gone up and you’re not sure why? Or maybe there’s been a change in your circumstances, and you’re wondering how it will impact your […]
Securing Your Future: Understanding Income Cover in New Zealand In today’s unpredictable world, securing your financial stability is paramount. One way to safeguard your income against unforeseen circumstances is through a form of Income Cover. If you’re in Nelson, New Zealand, Sheehan Financial offers comprehensive income cover solutions tailored to your needs. In this blog, […]
Do I need it? The safety net of Redundancy Insurance If losing your job is something you prefer not to think about, you’re not alone! However, having some safeguards in place can make all the difference to your peace of mind, leaving you space to think about things that bring you joy. Let’s discuss how […]
Are insurance policies tax deductible in New Zealand? “So, are any of my insurance policies tax deductible?” It’s a question that our clients ask us from time to time. Our answer? “Sometimes, but it depends…” Like many things tax related – the answer is not a simple one! In this blog, we’ll give an overview […]
How often should I? When and why you need to review your insurances How often should I review my insurance policies? When did you last look at your insurances? If your answer is something along the lines of ‘geez, it was way back when the kids were still in nappies’ then chances are you’re due […]
How do you leverage off your assets, and use that little bit of spare income to build future assets? In New Zealand, a common wealth building strategy is to buy a house, then use the equity in this property to secure a bank loan to buy another, with the income from the tenants paying the […]
Does your KiwiSaver match you current circumstances? If you have applied the professional approach to your personal situation that we have detailed in these articles, you would have looked at your income and expenses and worked out how to budget, and identified if you need to spend less. You would have set up insurance to […]
“People spend a lifetime accruing and building assets. The secret is to make sure that when something goes wrong, it doesn’t derail all the hard work you have done.” Personal insurance programs should form a basis for anyone looking to get ahead financially. At certain times in your life, you will have risks that need […]
It doesn’t matter if you are young, middle aged or retired, if you don’t track your spending, you are likely to worry about spending. I often get asked for practical ways to track spending. In the days of EFTPOS, debit cards, visa cards etc, it can be hard to keep a handle on how much […]