Farm Insurance NZ
Despite this positive outcome, only 30% of those surveyed expressed confidence in their comprehension of fully underwritten life insurance policies, with half of these individuals currently owning a life insurance policy. NobleOak’s CEO, Anthony Brown, noted that life insurance has emerged as a significant financial priority, often surpassing expenditures on education, mobile phone use, groceries, gym memberships, and holidays.
However, the report identified a critical issue: the general population's limited understanding of fully underwritten policies, which NobleOak insists provide greater peace of mind during claims processes. In response, the company exclusively offers fully underwritten cover, underlining the importance of comprehensive customer education.
Before the COVID-19 pandemic, Australians were pro-active in consulting financial advisers or brokers, a trend that continues strongly with 32% still engaging professionals for financial advice. The survey also uncovered a notable gender confidence gap; only 20% of women expressed financial confidence compared to 28% of men, highlighting a critical area for industry improvement.
Interestingly, the lack of understanding around life insurance seems not to have impacted overall financial security, as 76% of respondents reported feeling in control of their finances and prepared for unforeseen expenses. Brown emphasized the opportunity to better educate Australians about the advantages of fully underwritten policies to foster a more confident claims experience.
Published:Friday, 23rd May 2025
Source: Paige Estritori
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Natural Disaster Preparedness: Insurance Tips for Farmers Facing Adversity In the heart of New Zealand's pastoral verdure, the significance of preparedness for natural disasters is paramount for the farming industry. The distinct landscape, while providing an idyllic backdrop for agricultural pursuits, is not without its challenges. Farmers are often at the mercy of nature's unpredictability, making disaster preparedness not just prudent but essential for the continuity of their livelihood. - read more
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Protecting Your Farming Future: Why Machinery Breakdown Coverage is Essential Farming is a vital part of New Zealand's economy and cultural heritage, representing a way of life for thousands across the country. With its unique landscapes and diverse climate, New Zealand farmers are renowned for producing a wide array of high-quality products that serve not only the nation's needs but also supply a multitude of international markets. - read more
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Customizing Your Farm Insurance: Tailoring Policies to Fit Unique Agricultural Needs Those who work the land know that every farm has its own heartbeat - its unique rhythm defined by the crops it yields, the livestock it nurtures, and the natural environment it exists within. Recognizing this individuality is crucial, especially when it comes to safeguarding your agricultural investment with the right insurance policy. - read more
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