Janice Provan Insurance Adviser

at 39 Leslie Hills Drive, Christchurch , 8041

Specialising in Life, Trauma, Mortgage, Income Protection and Health Insurance and also Kiwisaver, I place business with all major Insurance Companies


Janice Provan Insurance Adviser
39 Leslie Hills Drive
Christchurch 8041
New Zealand
Contact Phone
P: 03 343 2320
Website
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Description

I am employed by Reddiford Financial, we are a small, but effective team who know all our clients by name, not just by policy number. Our core business is ensuring that our clients have the cover they really need, not just a suggestion from a web site and we have a policy of being in contact with our clients on a very regular basis in order to ensure the suitability of their cover. We offer a full range of Life, Mortgage, Trauma and Income Protection Insurance as well as Health Cover and Kiwisaver. If you haven't heard from your broker for a few years, give me a call and I will come and complete a full (no obligation) review of your Insurances and how they measure up to your present needs.

Company Rating

35 FB users likes Janice Provan Insurance Adviser, set it to 25 position in Likes Rating for Christchurch, New Zealand in Bank/financial services category

According to a Massey University research report(2011) New Zealanders are underinsured by $650 BILLION!!! over the last 5 years 1 in 7 households had a serious illness resulting in an inability to work for 3 mths or more!! 55% of households would be unable to pay all their expenses within a month after sick leave and annual pay ran out!! Not to be a scaremonger, but are you one of these people? If you would like me to review your insurance needs or if you know anyone who would benefit from my help, just private message me

Published on 2013-03-18 00:00:51 GMT

This is an interesting Article from Stuff.co today, if you want to find out about Level Premiums and how to convert all or even some of your present policy, just drop me a private message Life insurance premiums are set to rise as the insurance industry adjusts to a heavier tax regime. The tax rules were reviewed after the Government become concerned that a shift in people's policy preferences had left life insurers undertaxed. According to one industry operator, premiums need to rise by about $150 million to accommodate tax and other changes. By the time grandfathering provisions come off in three years' time, he estimates premiums will be 15 to 20 per cent higher from when the changes took place in mid-2010. Deloitte tax expert Greg Haddon says the old tax rules treated all life insurance policies as "whole of life", which had a large savings component. That meant policies were largely taxed as an investment rather than income. Over the last 20 years, however, most policy-holders have shifted toward yearly renewable policies, which are cheaper but don't make a payout on retirement. Life insurers acknowledge the changes are fair but say they cannot absorb the full tax bill. Milton Jennings, chief executive of Fidelity Life, said the tax changes had come at a time when low interest rates were eroding their investment income. There was also "quite fierce competition in the life insurance market so you're not seeing rates going up too much". "People have had about half the increases already and there's probably another half to go." Haddon said insurers had a five-year adjustment period, which kept policies held before the changes temporarily at their old tax rates. So "while they'll be paying more tax, they'll certainly be paying more tax in three years' time", he said. Insurance company Tower agreed life insurance premiums needed to eventually rise 15 per cent but said they had to also reflect the market. It had increased premiums for new policies 7 per cent in 2010 and another 3 per cent the following year. "We'll be reviewing older policies towards the end of the grandfathering period, with a view to adjusting premiums as necessary," a spokesperson said. Life insurance had changed markedly from the days of the once-popular whole-of-life policies, which were taken out by young workers or by their parents when they were born, Haddon said. "You paid a very small premium each month and part of that premium went towards a savings so that by the time you retired there was a surrender value that you could get back." Whole-of-life made sense when interest rates were low but were eroded by rising inflation, said Fidelity's Jennings. The one permanent exception from the new tax rules is "level term" policies, which keep premiums static for an agreed term of sometimes 50 years. Jennings said level-term contracts were "golden" and holders should hang on to them. "The sad thing is, I see people cancelling these contracts and going back to YRTs (yearly renewable term policies) to get it cheaper, but that's just absolute madness." In 2008 Treasury estimated the extra tax take from the changes would be a net $9m by 2012. The IRD says that figure would apply to 2013 because the changes were made later than expected. - © Fairfax NZ News

Published on 2013-01-29 18:13:53 GMT

Who is watching my hero 'Roger' at the Tennis? isn't he great?

Published on 2013-01-17 09:45:20 GMT

Happy new year, isn't it great to be back at work, even tho is is 30 degrees outside and I'm at my desk instead of the beach lol. Most people have'nt reviewed their mortgage, life and health insurance recently, if you are one of those people then maybe it's time, cos I bet things have changed a lot in your life in the last 5 years!!! so all you need to do is p.m me on fb or give me a call and lets see if I can't help you save money or reorganise your cover to more effective for you. :-)

Published on 2013-01-11 02:08:01 GMT

Hi everyone, this is my 1st posting on this page and I thought long and hard about what it should be about :-) and I think that as it is just a baby page then I might tell you about a great Health Insurance feature just for kids. If you buy a health policy for your children then they can be covered for the rest of their lives (healthwise) and have NO PRE-EXISTING CONDITIONS, which pretty much means they are covered for everything, for ever!!! Crazy, but true, ahh but I hear you say, how much? A. For less than a cappuchino a fortnight until they are aged 20, yep that's right from under $8 per month. If you want to know more about this just give me a call, and don't forget to share so that all your friends get a chance to call me to :-) ciao for now

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