Tagged: self-insurance

Insurance – why I prefer stepped premiums over level premiums

As a general rule, I say “no” to level premiums for personal insurance. Your insurance needs should reduce over time, so if you select level premiums, you may end up locking yourself into unnecessary insurance, gambling for a “win” rather than using insurance to manage risk. Take the stairs: use stepped premiums. 

Do I need health insurance?

Strictly speaking, no one in New Zealand needs health insurance. New Zealand’s public health system provides immediate care with respect emergencies. As Martin Hawes says, “if your condition is life-threatening, health insurance is probably...