Have you thought about who owns your life insurance? Where does the money go when you pass away? What about your assets like your family home, business or farm? So that your wishes are adhered too it’s a good idea to ensure your will and insurance ownership are reviewed regularly.
Did you know that the average life insurance payment in New Zealand is $120,000? How would your family survive if you received $120,000 on death of the main income earner? Consider how much debt you have, kids education and living costs.