Can Money Buy You Happiness?

26. November 2014 08:18 by Kelly in   //  Tags:   //   Comments (0)

My personal interest in happiness research started by looking at the reasons customers buy life insurance: at first glance it is a product that only 'works' after the holder dies. That interest led to exploring how people 'enjoy' other financial products - like the satisfaction of having a good savings account balance. Investigating the subject I found that a lot of happiness research is connected to financial well-being. I particularly like the closing words of this article:

"It turns out that financial advisers are right"

The rest is worth reading too.

New research is suggesting that happiness is determined not by how much money one earns, but rather, how one spends it. University of British Columbia associate professor Elizabeth Dunn explains why here. 

Numerous studies conducted over the past 10 years have shown that life experiences give us more lasting pleasure than material things, and yet people still often deny themselves experiences and prioritise buying material goods.

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Why Can't I See The Banks?

25. November 2014 08:21 by Kelly in   //  Tags: ,   //   Comments (0)

There are a number of reasons why you may not be able to see the banks on Quotemonster or in the pdf reports.

  1. We don't offer the pricing for the banks on Quotemonster and therefore you will only be able to view banks if you subscribe to QPR.

If you are using QPR and can still not view the banks it may be due to either of these:

  1. The banks may not offer the product or options that you are quoting on. For example, a number of the banks do not offer Standalone products, they only offer Accelerated so please ensure the banks offer the products you are quoting.
  2. You have to ensure that you select the banks in "Step 3: Compare Insurers" in the "Research" tab. There is a drop down box labeled "Show Insurers" which lets you select which companies you want to appear on your report. Make sure you select the banks here.

If you are still having issues please feel free to contact us on (09) 480 6071.

Why Are No Companies or Scores Appearing on my QPR Report?

24. November 2014 12:26 by Kelly in   //  Tags: , ,   //   Comments (0)

If there are no company names or QPR scores on your QPR pdf report it may be due to the fact that no companies were selected in "Step 3: Compare Insurers" on the "Research" tab. Here is what you need to do:

  1. Close out of the pdf report and go back to the Quotemonster website
  2. Go back into the quote that you were doing and move along to "Step 3: Compare Insurers"
  3. Click on the "Research" tab above the pricing bar graph
  4. On the far right hand side of this screen above your clients details there is a drop down box called "Show Insurers" - make sure that there are companies selected by ticking the boxes next to the company names and then click "Save"
  5. You should now be able to see company names and scores appear of this page which will also mean they will now appear on your pdf report
  6. Click "Next" to move onto "Step 4: Report" and recreate your pdf report which will now show company names and scores

If you are still having issues please call us on (09) 480 6071 for further assistance.

Stopping the Cycle of Financial Abuse

24. November 2014 08:57 by Kelly in   //  Tags:   //   Comments (0)

American website Life Health Pro recently added an article titled "3 Steps to Stopping the Cycle of Financial Abuse". Financial abuse is a more common problem in New Zealand then we may think, and is not only limited to romantic relationships. Other family members and friends are also common targets. We have seen this occur in New Zealand and heard stories from advisers working with older clients about inter-generational 'bullying' for financial gain, often using guilt to manipulate vulnerable older relatives. 

Advisors can not only help consumers prepare for retirement; they can also help their clients navigate and avoid financial abuse.

Below are three steps towards ending the cycle of financial abuse:

  1. Stop enabling, start empowering
  2. Refer those in need to community resources and services
  3. Remove yourself from the equation

Click here to read the full article. If you suspect that financial abuse may be happening to someone you know you may want to refer the article to them. 

Obituary: Dr. Marius Barnard, Creator of Critical Illness Insurance

21. November 2014 08:45 by Kelly in   //  Tags: ,   //   Comments (0)

Marius Barnard died on the weekend aged 87. As creator of critical illness insurance, which is now the second most popular benefit quoted in the New Zealand market, this industry owes a lot to Dr. Barnard. The two obituaries below are excellent, albeit brief, footnotes to this great development. The YouTube video embedded below is well worth a look, and is suitable for use on your website and with clients. 

Money Marketing obituary. Link.

Wikipedia entry. Link

 

Accuro Supports Your Favourite Charity This Christmas

20. November 2014 08:06 by Kelly in   //  Tags:   //   Comments (0)

Every year at Christmas instead of giving gifts Accuro encourages their members and advisers to vote for their favourite charity. The charity with the most votes will receive a $5,000 donation.

This year their chosen charities are KidsCan, the Blind Foundation Guide Dogs and the Wellington SPCA.

To vote visit their Facebook page here. Voting runs from 17th November to 12th December.

Partners Life Fast 50 Recognition

19. November 2014 11:53 by Kelly in   //  Tags: ,   //   Comments (0)

Congratulations to Partners Life which has been ranked 7th in the 2014 Deloitte Fast 50. The media release highlights that Partners Life is grateful for the support of advisers: 

"This is a very significant award and would not have been possible without the ongoing support of you - our advisers."

Advertising on Quotemonster

17. November 2014 09:17 by Kelly in   //  Tags:   //   Comments (0)

Interested in Advertising on Quotemonster? View this video to find out how.

Upcoming OnePath Product Changes

14. November 2014 08:45 by Kelly in   //  Tags: ,   //   Comments (0)

OnePath have announced upcoming product enhancements to their life insurance suite. 

From December 8, OnePath Life will offer:

  • New Loss of Earnings Cover based on 75% of the actual lost income, suited to customers with a stable income.
  • New Loss of Earnings Ultra Cover which provides additional flexibility for people on fluctuating incomes.
  • New Redundancy Cover for people wanting to match their income cover or mortgage repayment cover for up to $4000 per month.

Enhancements to their Mortgage Repayment product include:

  • Covering up to 115% of mortgage repayments
  • Ability to increase cover in response to an increase in interest rates (without further health evidence)
  • Customers will now be able to add on a Deluxe option with more product features

Upcoming OnePath Product Changes

14. November 2014 08:45 by Kelly in   //  Tags: ,   //   Comments (0)

OnePath have announced upcoming product enhancements to their life insurance suite. 

From December 8, OnePath Life will offer:

  • New Loss of Earnings Cover based on 75% of the actual lost income, suited to customers with a stable income.
  • New Loss of Earnings Ultra Cover which provides additional flexibility for people on fluctuating incomes.
  • New Redundancy Cover for people wanting to match their income cover or mortgage repayment cover for up to $4000 per month.

Enhancements to their Mortgage Repayment product include:

  • Covering up to 115% of mortgage repayments
  • Ability to increase cover in response to an increase in interest rates (without further health evidence)
  • Customers will now be able to add on a Deluxe option with more product features

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