Buying a home is one of the biggest financial commitments most Kiwis will ever make. While the excitement of homeownership is worth celebrating, it also comes with responsibility — and risk.
What happens to your home if something unexpected happens to you? Whether it’s an illness, injury, or worse, your ability to repay your mortgage could be affected — and that’s where insurance comes in.
At NZ Advice Group, we help Kiwis protect what matters most. Here are the three essential types of insurance every homeowner should consider:
Life Insurance – Protection for Your Loved Ones
Life insurance is designed to pay out a lump sum to your family if you pass away or are diagnosed with a terminal illness.
If you’ve got a mortgage, that lump sum can help your loved ones:
✔️ Pay off the home loan
✔️ Cover household expenses
✔️ Maintain their lifestyle without added financial stress
Who is it for?
Anyone with dependents or shared financial commitments — including couples, families, or anyone with a partner relying on their income.
Trauma Insurance – A Safety Net for Serious Illness
Also known as critical illness cover, trauma insurance pays out a one-off lump sum if you’re diagnosed with a major illness such as cancer, heart attack, or stroke.
Unlike life cover, this is paid while you're alive — giving you the financial support to focus on recovery rather than worrying about how to keep up with the mortgage.
You can use the payout to:
✔️ Cover your mortgage while you're off work
✔️ Pay for private treatment or recovery costs
✔️ Reduce stress during a tough time
Income Protection – Replacing Your Pay When You Can’t Work
Your ability to earn an income is your biggest asset. If you're unable to work due to illness or injury, income protection pays you a monthly benefit — usually a percentage of your regular income.
It can help keep your financial goals on track by:
✔️ Covering your mortgage repayments
✔️ Paying day-to-day bills
✔️ Protecting your savings and future plans
Income protection is especially important for self-employed people, contractors, or anyone without generous sick leave entitlements.
✅ Do You Have All Three? Let’s Review Your Protection
We often speak with clients who thought their life cover was enough — but they were missing trauma or income protection, leaving them financially exposed.
Having the right mix of insurance can help ensure that no matter what happens, your home and lifestyle are secure.
📞 Get a Free Insurance Review or Quote
At NZ Advice Group, we’re insurance brokers and financial advisers — which means we can:
✔️ Compare policies from multiple insurers
✔️ Help tailor cover to your needs and budget
✔️ Explain the fine print so you feel confident in your decisions
Book your free review or request a quote today.
👉 Contact us now
NZ Advice Group
Helping Kiwis protect what matters most – with advice that makes a difference.