Overview: 

Insurance is one of those things that deep down, you know it's important to have but perhaps don't realise the value of it until it's too late. These days, it feels like there is an insurance policy for everything – income protection, life, health, contents, car, house, travel…the list goes on.

So how do we decide which ones are most important to pay for? Should we have them all? Which ones do we actually need? Is it a waste of time and money? Let's dig in.

In this episode, we cover:

• What is income protection insurance and why do we need it? 
  
• The data that suggests Kiwis cover their car, content and house above and beyond life insurance
• Why relying on ACC has made us (Kiwis) complacent when it comes to taking out income protection or health insurance 
• Why your life stage dictates which insurance(s) you’ll need 
• Why Cat is so passionate about income protection and trauma insurance
• And similarly, why Christine is so passionate about health insurance
• Why loyalty tax doesn’t apply to swapping insurance companies
  
• Which insurances both Cat and Christine have and why 
  

1. Financial Services Council (FSC)'s insurance industry statistics 
2. Reserve Bank of New Zealand's insurance stats 2021