Skip to content
Life Insurance

Why you need life insurance now more than ever

Aug 23, 2023 by Charlotte Finer

It’s no secret that New Zealanders are grappling with an economic crisis triggered by Covid-19. Businesses and families are feeling the impact, with the cost of living soaring to unprecedented heights. A quick supermarket shop for eggs, cheese, and milk can now set you back over $26*. As inflation rises and New Zealand officially in a recession, every Kiwi faces the daunting battle of coping with higher costs.

When life takes unexpected turns, safeguarding your loved ones’ future becomes paramount in these uncertain times. If you have children, a partner, or anyone depending on you, the risk of leaving their future vulnerable is simply not an option. Let’s delve into why life insurance matters now more than ever and explore how you can protect your future with financial security and stability.


The recession reality check

The recession serves as a stark reminder that life can be a rollercoaster ride. Job losses, market volatility, and unexpected expenses have become all too common in our current reality. While it’s tough for everyone, ensuring your financial security is vital, even when in ‘survival mode’. Pinnacle Life understands the importance of building a sturdy financial fortress that protects not only you but also your family and dependents.


Preparing for the unexpected

Being prepared for the unexpected is crucial. At Pinnacle life, our critical illness cover encompasses 24 conditions, safeguarding against a variety of major health issues like cancer, heart attacks, and strokes. Did you know that there’s a 1 in 4 possibility that either you or your partner will experience a major trauma, such as cancer or heart disease? Worried about critical illness? You can enhance your life insurance by adding critical illness cover - learn more here.


Financial stability

Financial stability is an essential aspect of navigating through critical illness and economic uncertainties, especially when it comes to protecting your income. Financial vulnerability can arise from unexpected events such as illness or injury, leading to a sudden loss of income and leaving you and your loved ones exposed to financial hardship. Pinnacle Life understands the importance of safeguarding your financial well-being, which is why our income protection insurance is designed to provide you with a sturdy financial fortress during challenging times. With Pinnacle Life's Income Protection, you can rest assured that your income stream remains protected, offering you peace of mind and supporting your family when it matters most - learn more here


The fundamental of financial security for your family

Life insurance is a fundamental pillar of financial security, offering a protective shield for you and your loved ones during life’s unpredictable journey. In economic downturns, its significance grows. During these challenging times, job losses, market volatility, and financial strain are more likely to occur and protecting your family's future becomes more critical than ever. Life insurance ensures that your loved ones are shielded from the brunt of financial uncertainty when it really counts, providing them with the necessary resources to navigate through difficult circumstances. At Pinnacle Life, we understand the importance of preparation. Our comprehensive life insurance products offer stability and peace of mind, empowering you to embrace the future with confidence, even during economic downturns - find out more.


A lifeboat in Troubled waters

Let’s put life insurance into some perspective - imagine this; you’re the captain of a ship, navigating through a storm. Your family is the crew, relying on you to steer them safely to shore. Now, think of life insurance as the lifeboat - the thing that ensures they’ll be cared for no matter what. Think you need a lifeboat? - Get a quote now

Life insurance is not just a checkbox; it’s a transformative decision during economic uncertainty. Pinnacle Life guides you with protection and financial growth. Find peace of mind, knowing you’ve secured your family’s future - Get a quote in 30 seconds and in less than 10 minutes you could be covered.

*Based on purchase from countdown in August 2023, using the cheapest options available. Prices vary and are subject to change.

Cookies