New Zealand Herald Article by Michael Naylor
The majority of New Zealand families are currently extremely vulnerable to adverse events relating to the death, disability or illness of the income earners. The vast majority of single New Zealanders are vulnerable to adverse events relating to long-term disability due to sickness.
The majority of the personal insurance cover Kiwis do hold is faulty in terms of the type and sums insured. This is in sharp contrast to insurance cover for houses or cars, items far less valuable than an individual’s ability to carry on earning a living.
