At some point our children will start to spread their wings, launch into their own lives and, importantly, become financially independent. Thinking about insurance is part of being financially savvy.
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What do you mean, insurance for adult children?
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Do I pay tax on my life insurance pay-out?
The great thing about life insurance payments in New Zealand is that if the owner of the policy is a person, then the payout is tax-free, so what you pay for is what you get. There are some situations though where it gets a little more complex.
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Do you actually need life insurance? If so, how much?
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Life insurance - why buy when you're young?
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Are you Generation C?
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Do you know what you are most likely to die of?