You insure your house. You insure your car. But what about the thing that pays for all of it?
Your ability to earn an income is likely your most valuable asset, yet it’s the one most New Zealanders leave unprotected. If illness, injury, or an unexpected life event stopped you from working tomorrow, how long could you keep up with the mortgage, cover living costs, and support your family?
OneStop Financial Solutions is a licensed insurance broker helping Kiwis and business owners protect what matters most. We work with all leading insurance providers in New Zealand to compare policies, find the right level of cover, and make sure you’re not paying for things you don’t need.
Personal insurance protects you and your family from the financial impact of events like serious illness, loss of income, or death. The right cover means you can focus on recovery or provide for your family without the added stress of financial pressure.
We advise on the following personal insurance products:
Income protection insurance pays you up to 75% of your gross income as a monthly benefit if you’re unable to work due to illness or injury. It’s designed to keep you afloat while you recover, covering mortgage repayments, household bills, and everyday living costs. Depending on the policy, benefits can be paid for a set period or right through to retirement age.
This is one of the most important covers we recommend, particularly for anyone with a mortgage, dependants, or financial commitments that rely on a steady income.
Life insurance pays a lump sum to your nominated beneficiaries if you die or are diagnosed with a terminal illness. It’s there to make sure your family can pay off the mortgage, maintain their standard of living, and cover future costs like education without the burden of financial hardship.
The amount of cover you need depends on your personal circumstances. Our life insurance brokers help you work out the right level so you’re adequately protected without overpaying on premiums.
Trauma insurance pays a lump sum if you’re diagnosed with a specified serious illness or medical condition such as cancer, heart attack, or stroke. Unlike income protection, this is a one-off payment that gives you complete flexibility. You can use it to cover medical treatment, take time off work, pay down debt, or fund lifestyle changes during recovery.
Cancer, heart disease, and stroke are among the most commonly diagnosed conditions in New Zealand. Trauma cover ensures a diagnosis doesn’t become a financial crisis on top of a health one. Learn more about how our brokers can help with trauma and critical illness insurance.
Redundancy insurance provides a financial safety net if you lose your job through no fault of your own. It typically pays a monthly benefit for a set period, giving you breathing room to find new employment without falling behind on mortgage payments or essential expenses.
This is worth considering for anyone in an industry prone to restructuring or economic downturn, or for those who are the sole income earner in their household.
Most business owners insure their premises, equipment, and stock. Fewer think about what happens to the business if they, a co-owner, or a key staff member can’t work due to illness, injury, or death. Business insurance protects the people behind the operation and ensures the company can continue to trade, service its debts, and honour its obligations.
Key person insurance protects your business from the financial impact of losing a critical team member due to death, serious illness, or permanent disability. It pays a lump sum to the business, which can be used to cover lost revenue, recruit and train a replacement, or repay business debt.
If your business relies heavily on one or two people for revenue generation, client relationships, or specialist knowledge, key person cover is worth serious consideration.
Shareholder protection insurance funds the buy or sell provisions in your shareholders’ agreement. If a business partner dies or becomes permanently disabled, the policy pays a lump sum that allows the remaining shareholders to purchase their share of the business. This avoids situations where ownership passes to someone outside the business, such as a deceased partner’s estate or family members, which can create complications for everyone involved.
If you co-own a business, this is one of those covers that nobody thinks about until it’s too late. Getting shareholder protection insurance in place early is straightforward and protects all parties.
ACC is New Zealand’s government funded accident compensation scheme, but it has significant gaps. It only covers injuries caused by accidents. It does not cover illness, and it does not cover situations where an injury becomes degenerative over time. That means if you’re diagnosed with cancer, suffer a heart attack, or develop a condition that prevents you from working, ACC won’t pay a cent.
If you’re self-employed, you’re already paying ACC levies. But the level of cover you’re getting may not reflect what you’d need to maintain your income if something went wrong. We review your current ACC structure and show you whether redirecting some of that spend into income protection insurance could give you broader cover for both accident and illness at a similar or better cost.
Talk to one of our advisers to find out how your ACC and personal insurance can work together more effectively.
You can buy insurance directly from a provider, so why work with a broker? The short answer is that not all policies are created equal, and the cheapest premium isn’t always the best value.
Insurance policy wording varies significantly between providers. The definitions of covered conditions, exclusion clauses, benefit structures, and claims processes can differ in ways that only become apparent when you need to make a claim. An insurance broker reads the fine print so you don’t have to.
Here’s what we do that going direct doesn’t give you:
Matt Willoughby is the founder of OneStop Financial Solutions and a licensed financial adviser with over 12 years of experience helping New Zealanders protect their income, families, and businesses. He has been recognised with the Top Achiever Award at the My Solutions Business Awards in both 2024 and 2023 for his work in personalised insurance solutions and outstanding client service, and received the Fidelity Life Business Excellence Award in 2021. Matt holds the NZ Certificate in Financial Services (Level 5) and operates under a Financial Advice Provider (FAP) licence regulated by the Financial Markets Authority.
Our advice comes at no extra cost to you. Insurance providers pay us a commission for placing business with them. The premium you pay is the same whether you come through us or go directly to the provider, but you get the benefit of professional advice and ongoing support.
It’s worth having your existing cover reviewed. Bank-arranged or employer-provided insurance may not offer the same level of cover, flexibility, or portability as a standalone policy. We can review what you have, identify any gaps, and let you know whether you’re adequately protected.
ACC covers loss of income resulting from accidental injury only. It does not cover illness. Income protection insurance covers you for both illness and injury, providing a monthly benefit of up to 75% of your gross income if you’re unable to work. For complete protection, you need both.
That’s where we come in. During our initial consultation, we assess your income, debts, dependants, existing cover, and financial goals to recommend the right level of protection. The aim is to make sure you’re covered for what matters without overpaying for things you don’t need.
In many cases, yes. Pre-existing conditions may result in exclusions or premium loadings depending on the insurer and the condition. Because we work across multiple providers, we know which ones are more flexible and can present your application in the best possible light.
We recommend reviewing your cover at least once a year, or whenever your circumstances change significantly. This includes events like buying a home, having children, changing jobs, starting a business, or taking on new debt. We proactively reach out to our clients to schedule reviews so nothing falls through the cracks.
Whether you have no cover at all, think you might be underinsured, or just want a second opinion on your existing policies, we’re here to help. Book a free, no obligation consultation with Matt or one of our insurance advisers and we’ll give you a clear picture of where you stand and what your options are. Complete your details on the form below, or give our office a call on 021 022 17130
