|
Auckland : Business : Business Services : ACC Cover Insurance. I want
ACC Cover Insurance. I want to briefly raise the importance of how you can use ACC Cover Plus Extra to potentially save you hundreds (perhaps thousands) of dollars in ACC levies each and every year, BUT to also make sure you recieve more money should any disability stop you from working. The normal ACC cover is called ACC Cover Plus and pays you 80% of your income - based on your last tax year (probably out-of-date) if you are off work more than 7 Days! However: - •if you have staff and business income continues while you are off work, ACC may pay you nothing! But you still have to pay ACC levies •if you return to work part time, ACC payments stop •if you split income with your spouse, you only get 80% of the income split yo udeclared under your name ACC Cover Plus Extra is for self employed and shareholder employees: •if you have staff and business income continues, you WILL still get paid •if you return to work part time, You wil lstil lbe paid the FULL amount yo uare covered for •You can cover yourself for 120% of your average income, or `dial down` your cover to only 40% - this could save you half your ACC costs (saving you hundreds or even thousands of dollars every year)!!! But of course, if you then have an accident yo uonly get paid 40% of your income! That`s why you would use your ACC savings to purchase your own personal Income Protection Insurance benefit. Income Protection Insurance pays up to 75% of your income if you can`t work due to ANY illness or injury, and will top up whatever you receive from ACC. But only 1 in 20 disabilities in NZ that last more than 6 months are due to accidents! You Have to have ACC, you CHOOSE to have Income Protection. By combining ACC Cover Plus Extra with a personal Income Protection policy, you can ensure you are fully covered for any time yo uare unable to work, whether it is caused by illness OR injury/accident, AND it may well cost you no more than what you are currently paying for your existing ACC cover which may not even pay you anything if you do have an accident. You do need to find a Financial Adviser who understands both ACC, and Income Protection insurance.
This advert has been removed from publiction. Please use the links on the left to find new, current adverts.
|
|
|
|
|
