Life / Disability and Medical

How long is a piece of string? The same can be asked of how much insurance is needed – it all depends on what you need and what could happen. Consider the following;

  • What would happen if your business partner could no longer work in the business?
  • Who pays your mortgage if you lost your job?
  • What would happen financially to your family if you were no longer providing for them?

These are all horrible things to consider and that’s where we come in. We’ll ask the right questions to make sure that in any event, you, your family and your business are looked after. And it’s not just with the obvious things, it’s the loopholes – we understand structure and this always proves to be the biggest difference when making a claim.



Life Cover pays a lump sum of money (or monthly payments if you so choose) if you pass away or become terminally ill. It is designed to help your family to pay costs that you would have assisted with if you were still alive.

Mom with her two children sitting on the couch at homeLife Insurance is a contract between the policy holder and the insurer, where the insurer promises to pay a designated beneficiary a sum of money (the “benefits”) upon the death of the insured person. Depending on the contract, other events such as terminal illness may also trigger payment. In return the policy holder agrees to pay a stipulated amount (the “premium”) at regular intervals or usually monthly or annually.

But not all life insurances are equal!

Life Cover is mostly used for;

  • Paying off the mortgage
  • Providing future financial support for their children
  • Paying extra income for the family or contributing to their spouses retirement fund
  • Paying for childcare support if the person that passed away was the primary caregiver

Life Insurance is an essential part of your financial planning. Imagine trying to deal with an 0800 number when a loved one has passed away… that’s what sets Penberthy apart. We provide the advice because we’ve spent the time getting to know you – it then means that we are here for you when the unimaginable occurs.



We all like to think we are bullet proof, but the truth is we do all get sick, have accidents and get older. Many New Zealanders are disabled by the same medical conditions – heart attacks, strokes and cancer kill nearly two-thirds of all New Zealanders.

work accidentTrauma cover pays a benefit if you are diagnosed with a critical illness or suffer a major trauma. With this benefit you could reduce or eliminate your debt, offset any losses in your future income, or create a cash reserve.

Trauma or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policy holder is diagnosed with one of the critical illnesses listed in the insurance policy wording. Typically (but not restricted to) cancer, heart attack, stroke. The pay-out may also be on the policyholder undergoing a specified surgical procedure for example having a heart bypass operation.

Trauma cover is designed to pay a cash lump sum in the event of major illness (cancer, stroke, heart attack etc…) or having to undergo a major surgical procedure and surviving. Some Trauma contracts can offer cover for 40+ major conditions but it’s a matter of understanding the fine print – you want to make sure you are covered for as much as possible without spending more on premiums.



What would happen if you could never work again?

If your career finishes suddenly, long before you expected, it doesn’t necessarily follow that your life will. If this happened, you could use a permanent disability benefit to pay off debt, complete your pension or retirement plans, or create a cash reserve. There are insurance products available to help with these situations – so talk to us about which one is right for you.

Total and Permanent Disability: Total Permanent Disablement (TPD) cover provides a lump sum in the event of total permanent disablement caused by accident or illness, and you can choose how to spend it. It might be paying off the mortgage, getting the best medical care, improving access to your home and workplace, or ensuring your business survives.

With TPD protection, you can choose to be covered for any occupation or just your usual occupation.

Income Protection: Income Protection Cover pays you a regular monthly payment if you’re unable to work temporarily or permanently because you are sick or injured. This cover is designed to provide you with money to live on while you’re not receiving your salary or wages. It pays you until you can return to work or reach the payment period on your policy which could be age of 70.

Mortgage Repayment Cover: This product pays you a monthly amount to cover your mortgage repayments if you become totally disabled as a result of illness or injury.
Protecting your mortgage is common sense – it’s just one thing you can do to help ensure that no matter what happens to you, your home is secure.



As you can see from the information provided below, there are a range of products that can be tailored to suit your needs or concerns and give you peace of mind.

Surgical and Hospitalisation: This is a comprehensive medical insurance which covers expensive medical costs when the need for hospitalisation arises due to illness or injury. It can include;

  • Surgical treatment
  • Cancer care
  • Specialist consultations
  • Diagnostics (imaging and tests)
  • Non-surgical hospitalisation

Specialists and Tests: Getting specialist treatment through the public health system may take longer than you think. With this type of insurance, you don’t need to wait. It can give you the control and the ability to select the best specialist available and get the essential treatment you need.

Doctor In Surgical Gown With Team At Operation RoomThis insurance covers costs associated with seeing a specialist and any tests that they request.

GP and Prescriptions: This insurance policy covers you for GP consultations, dental and optical, physiotherapy, dietitian, acupuncture, chiropractor, osteopathy and remedial massage costs up to the policy limits.

It’s designed to help you look after your everyday health care needs – so you can look after yourself and have a life as well! It’s not like traditional health insurance as it doesn’t cover you for costs such as surgery or specialist consultations. If you’d like to get cover for these costs, talk to us about what will best suit you.

Dental and Optical: If you’re fit and healthy, chances are your budget is tuned for entertainment, travel or a house deposit rather than for seeing a doctor, dentist or physio. Regular health expenses can mount up, plus it’s easy to put off looking after yourself when there are more exciting things to spend your money on.