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No one likes paying for insurance, until they need it

Aug 5, 2025Age 18-34, Age 35-54, Age 55+

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No one likes paying for insurance, but here’s why it matters

Let’s face it, insurance isn’t something most people get excited about. It’s not a new car, a holiday, or dining out at your favourite restaurant. It’s a cost that often feels invisible… until it’s not. But here’s the truth: insurance is your financial safety net. And like any good safety net, you only realise how important it is when you’re falling.

Why do people avoid it?

People of all ages and stages tend to put off insurance for a few common reasons:
  • “It won’t happen to me.” Until it does.
  • “It’s too expensive.” But so is being unprepared.
  • “I don’t understand it.” That’s what advisers are for.
  • “I’ve already got some cover.” But is it still the right cover?
The problem is, life doesn’t wait for the perfect moment. Illness, injury, job loss, or unexpected events can happen at any time and when they do, the right insurance can make all the difference.

Why insurance matters

Insurance matters because life is unpredictable, and when things go wrong, it can be the difference between financial stability and financial stress. Insurance gives you: 

  • Peace of mind: knowing your family is protected
  • Financial resilience: staying afloat when life gets tough
  • Freedom: to focus on recovery, not bills
  • Confidence: that you’ve planned for the unexpected

We get it, insurance isn’t glamorous. But it could be one of the smartest financial decisions you can make. And at RIVAL Wealth, we see the impact of insurance firsthand. The relief when a claim is approved, the stress when someone is underinsured, and the gratitude from families who were protected when life took an unexpected turn.

So, if you’ve been putting it off, or you’re not sure where to start, let’s talk. No pressure. No jargon. Just real advice from a team who cares.

This information is of a general nature and is not intended as personalised financial advice. RIVAL Wealth is a Financial Advice Provider (FAP) licenced by the Financial Markets Authority to provide financial advice. Our disclosure document is located at rivalwealth.co.nz or a written copy is available on request

Ages and Stages

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Age 18 – 34 years

Age 35 – 54 years

Age 55+

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