Life Insurance Blog

In this week’s blog, we wanted to keep you in the loop with some exciting news and views from the Pinnacle Life team - an update from us!

Many milestones define different stages of where we are in life, and retirement arrives later than others. Whether it's around the corner or you have just retired, this is one of the most significant changes you might experience. However, like in all stages of life, things can change very quickly, and there is always room for a backup plan. Life insurance can provide this safety net for many reasons.

A common question we get asked is, "when does my life cover begin". Who would have thought that something so simple could feel confusing? At Pinnacle, the answer is as soon as we've accepted your application, which for most people is immediately.

When it comes to your life cover and tax there are two things to know about; Do I have to pay tax on a Life Insurance claim payout? and, Do I pay tax on my premiums?

Legacy financial planning allows you to create a comprehensive plan that reflects your values, preserves your wealth, provides for your loved ones, minimizes conflict, and leaves a lasting impact on the world. By taking the time to create a legacy financial plan, you can ensure that your financial legacy reflects your priorities and makes a difference in the lives of those you care about.

In New Zealand, ACC (Accident Compensation Corporation) and life insurance are different types of protection, but many New Zealanders often confuse the difference between the two. In this blog, we discuss some of the most common misconceptions and try to provide some clarity.