Personal insurance & protection
Plain-English advice to build a financial safety net for illness, injury, disability or death.
Personal insurance helps protect the financial future you have worked hard to build when life does not go according to plan.
Protect what matters most. Advice is available at no cost to you.
Why it matters
Most people insure their house, car and contents. If illness or injury stopped your income, personal insurance could help keep mortgage payments, household bills and family goals on track.
Depending on the cover, payments may support living costs, specialist treatment, recovery, funeral expenses or family members who rely on your income.
There is no one-size-fits-all answer. Debts, income, partner income, dependants, savings, assets and future responsibilities all matter.
The goal is not automatically to buy more insurance. It is to prioritise enough protection that an unexpected event does not force your plans to stop.
Common triggers include buying a home, growing a family, separation, becoming self-employed, buying investment property, receiving an inheritance or experiencing a major income or debt change.
Some Velocity clients choose to budget around 2.5–4% of gross household income for personal protection. The appropriate amount depends on individual needs, priorities, health and underwriting.
Illustrative examples
After buying their first home and welcoming a child, a couple prioritised life insurance, income protection and basic trauma cover within a comfortable household budget.
Illustrative example only. It does not describe a specific client or recommend these covers for everyone.
A parent who became solely responsible for a mortgage and two children reviewed protection so illness or injury would be less likely to put the family home and living costs at risk.
Illustrative example only. Suitable cover depends on individual circumstances and underwriting.
Common questions
Possibly. Life insurance can help repay debts, cover final expenses and support a partner or family member financially affected by your death.
Private health insurance may provide faster access to eligible specialist consultations, diagnostic tests and elective procedures than might otherwise be available through public waiting lists. Cover and exclusions vary by policy.
Life insurance generally pays if you die. Trauma insurance may pay a lump sum if you are diagnosed with a specified serious illness or condition while alive.
It can provide ongoing monthly payments if illness or injury leaves you unable to work, subject to the policy terms.
Mortgage protection is designed to help replace lost income and support commitments such as mortgage repayments if illness or injury leaves you unable to work, subject to the policy terms.
ACC provides valuable support for many accidental injuries, but generally does not cover illnesses such as cancer, heart disease or stroke. Personal insurance may help address those gaps.
The appropriate amount depends on debts, income, dependants, assets, savings and future responsibilities. An adviser can help prioritise a level of cover suited to your circumstances and budget.
Yes. Review your cover when life changes, including buying a home, growing a family, changing jobs, separating or starting a business. Changes remain subject to insurer terms and underwriting.
In most cases the insurer pays for personal-insurance advice when a policy is implemented, so there is generally no direct advice fee. We explain any remuneration and costs before you proceed.
We help guide you through the claims process, answer questions and advocate for you wherever possible.
No obligation. No jargon. Just practical advice to help you move forward with confidence.
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