When you can buy an airline ticket online in an instant – would you go and stand in a queue at a travel agent?

When you can transfer money via your internet banking – would you wait in a bank for a teller to do the job for you? And charge you for the privilege?

Internet transactions are the norm these days and Kiwis have embraced the concept of buying online, so why not buy life insurance online as well?

That’s the thinking behind Pinnacle Life, where we’re pioneering life cover via the internet. It’s not a question of why would you buy life insurance online but rather, why wouldn’t you?

That said, buying life insurance online isn’t for everyone. If you’d rather speak to someone face to face then there are Independent Financial Advisors out there lining up to offer guidance.

BUT if you have a fair idea of what level of cover you are looking for (see previous posts for some tips) then why not check our website out for yourself: www.pinnaclelife.co.nz ?

Simply put, if you don’t have anyone that’s financially dependent on you – life insurance probably isn’t for you.

Life insurance exists to provide your dependents with a financial “cushion” that will see them through in the period after your death and for some time afterwards.

To help figure out how much cover you need the Consumers’ Institute recommends that, as a minimum, life insurance should cover your debts, funeral expenses, full repayment of your mortgage and your family’s immediate living costs.

In the real world, for most of us it will come down to what we can afford to pay – when this is the case, some cover is always better than none.

Once you have your figure, buying your policy should be straight forward.

My advice is to think carefully about what you really need. Don’t be bullied into buying a product you dont need. And don’t be pushed into buying more than you need. Keep it simple and make sure you understand what you’re buying.

The Life Insurance Blog – sometimes light-hearted… sometimes serious… always life insurance. 

Who are we?

Ed Saul and Steve de Jong are Partners of NZ-based life insurance company, Pinnacle Life. 

Ed’s background includes engineering, IT, finance and management consulting along with 20 years as a senior executive and chief information officer within the NZ and Australian life insurance industries. Ed is the architect of the online life insurance venture launched by Pinnacle Life.

Steve, a former lecturer in Economics, has spearheaded a number of successful ventures including launching New Zealand’s first online educational program for students. Steve has operated in the life insurance industry for 5 years and is the co-architect of Pinnacle Life’s online insurance venture.

Ed and Steve can be contacted at Pinnacle Life on +64 9 522 5515 during normal office hours or email us… 

Ed at ed@pinnaclelife.co.nz or Steve at steve@pinnaclelife.co.nz.

Why the blog?

Whilst life insurance is a serious business and something we all need at some point in our lives, it is essentially a simple commodity.  The Life Insurance Blog aims to show consumers this is so.

• The blog has been created to demystify life insurance for consumers by providing insight and advice as well as generating debate and conversation about all things to do with life insurance.  In short, it’s a life insurance forum.
• The blog is also intended to broadcast the latest news on Pinnacle Life, keeping you up-to-date with ongoing developments.  

Pinnacle Life

Pinnacle Life is the first life insurer to offer immediate cover online, direct to the NZ consumer. It is also the first life insurer to sell life insurance internationally. New Zealanders living in any one of Australia, UK, USA, Canada, Ireland, Hong Kong or Singapore can now buy life insurance online from insurer Pinnacle Life. 

The technology behind Pinnacle Life

The technology that powers the Pinnacle Life insurance website is provided by Intelligent Life.

Email Ed at ed@pinnaclelife.co.nz or Steve at steve@pinnaclelife.co.nz

Otherwise call either Ed or Steve at Pinnacle Life on +64 9 522 5515 during office hours.