Personal Insurance

Income Protection
What would happen to you and your family if you could no longer earn an income? Would you be able to pay debts, feed the family, maintain your lifestyle? Income protection will cover you for illness or accident, particularly if ACC deems your injury degenerative.
An income protection policy should work hand in hand with Mortgage Repayment Insurance, which does not have offsets of other income such as ACC.

  • Are you self-employed? Caro & Co work with income protection products that smooth out the humps of irregular income periods, ensuring your claim is processed quickly and to your financial benefit.
  • Are you a sole trader? Caro & Co ensures you have the appropriate income protection in place and guarantees your ACC Cover Plus Xtra policy is considered when assessing the amount of protection required.

Life Insurance
Life insurance will pay a lump sum of money, or a regular payment, on death or diagnosis of a terminal illness, allowing you to create financial security for your loved ones.
Life insurance can help pay for:

  • Funeral costs.
  • Day-to-day living costs.
  • A grieving period, including time off work.
  • Other expenses, such as flying in family for the funeral.
  • Repayment of debt.
  • Retirement funds.
  • Education costs.

Caro & Co will appraise your risk and highlight what is appropriate cover for your individual situation.
And they will be there to help you and your family through the claims process.

Trauma Insurance
The scariest moment for all of us is hearing we have cancer or another major illness, then told of the procedure or surgery required and the subsequent recovery time.
Time off work or the inability to do simple daily routines can impact heavily.
Trauma Insurance gives you financial choices and personal and lifestyle choices. You may decide to pay off the mortgage, buy medical appliances to support your recovery or take time off to support your partner who is suffering ill health.
Children suffer from major illnesses too. Their trauma insurance provides you with the wherewithal to pay for petrol, for instance, hotels, food, care for other children, to simply be able to be by their bedside.

Total and Permanent Disablement (TPD)
What if you suffered a long-term illness or disability? Most would agree the early death of an income earner would cause a serious financial strain for those left behind, but the financial strain would be just as serious if that income earner became totally disabled. In some cases, the hardship could be worse, as ongoing daily living and medical costs could be significant.
Caro & Co will work out the right TPD cover for you, one that provides a lump sum that can be used in any way you wish to help secure your family’s financial future.

Medical Insurance
Private medical cover will cover the private medical costs of a surgical procedure up to $300,000 per procedure per year for each life assured. (Certain exclusions apply). It will pay for private hospital costs for required non-surgical treatment up to $300,000 per year for each life assured. Additional costs, including drugs over and above government subsidies (Pharmac drugs), are also covered.
Costs of related specialist consultations and tests in the six months after private surgery or treatment are covered.
Private medical cover will pay the costs of diagnostic tests up to a maximum of $200,000 per year for each life assured (certain exclusions apply). Medical tourism cover allows you to choose to have treatment available in New Zealand done overseas, within six months of recommendation.