Child Protection Plan
What would happen to your children if you died without a Will?
Our Child Protection Plan helps you appoint Legal Guardians and provide them with financing to raise your children for you.
Time stamps:
00:00 - Intro
00:40 - 3 critical structures
02:41 - Why have a NZ Will?
04:02 - Appointing guardians in your Will
05:35 - The executors of your Will
06:47 - Leaving money to the Guardians
09:07 - How your KiwiSaver can provide for your children
10:55 - Actual LIVE life insurance quote demo
14:10 - What does it all cost?
14:40 - How to get your own personal report
00:00 - Intro
00:40 - 3 critical structures
02:41 - Why have a NZ Will?
04:02 - Appointing guardians in your Will
05:35 - The executors of your Will
06:47 - Leaving money to the Guardians
09:07 - How your KiwiSaver can provide for your children
10:55 - Actual LIVE life insurance quote demo
14:10 - What does it all cost?
14:40 - How to get your own personal report
Get your own Child Protection Plan report:
The goal of the Child Protection Plan (CPP) is to protect your children with three inter-related structures, should they become orphans in New Zealand:
1.
NZ WILLS:
Should you die, having a Will in place is vital (for all sorts of reasons).
For our purposes here, your Will must appoint Legal Guardians who will raise your children for you.
Then it must appoint an Professional Executor who will administer your estate in perpetuity.
Lastly your Will must distribute your KiwiSaver and Life Cover to your children, while the executor makes discretionary funding available to your appointed Guardians to pay for their upbringing.
When the children come of age the remaining funds are distributed to them to do with as they see fit (eg: buy a house, go to University, etc).
2.
KIWISAVER:
KiwiSaver is a cash asset which is being invested into the markets. But unlike property or banking accounts, which can have co-owners (you and a spouse/partner for example), KiwiSaver assets only have ONE owner.
It is therefore vital to have your Will in place so that, if you died, your KiwiSaver money can be re-purposed from the original retirement plan goal towards providing money to raise your children.
Over time, as your KiwiSaver account grows, the need for the life insurance cover will decrease.
3.
MONTHLY-PAYOUT LIFE INSURANCE:
Most people take out a lump-sum payment life insurance policy (which is more suitable for paying off debt, buying property, etc).
However, for the purpose of raising your children, you can save as much as 20% on insurance premiums if you rather take out a monthly-payout life cover policy (eg: $3,000pm paying for 15 years).
It is truly amazing how much you can save with that structure.
NZ WILLS:
Should you die, having a Will in place is vital (for all sorts of reasons).
For our purposes here, your Will must appoint Legal Guardians who will raise your children for you.
Then it must appoint an Professional Executor who will administer your estate in perpetuity.
Lastly your Will must distribute your KiwiSaver and Life Cover to your children, while the executor makes discretionary funding available to your appointed Guardians to pay for their upbringing.
When the children come of age the remaining funds are distributed to them to do with as they see fit (eg: buy a house, go to University, etc).
2.
KIWISAVER:
KiwiSaver is a cash asset which is being invested into the markets. But unlike property or banking accounts, which can have co-owners (you and a spouse/partner for example), KiwiSaver assets only have ONE owner.
It is therefore vital to have your Will in place so that, if you died, your KiwiSaver money can be re-purposed from the original retirement plan goal towards providing money to raise your children.
Over time, as your KiwiSaver account grows, the need for the life insurance cover will decrease.
3.
MONTHLY-PAYOUT LIFE INSURANCE:
Most people take out a lump-sum payment life insurance policy (which is more suitable for paying off debt, buying property, etc).
However, for the purpose of raising your children, you can save as much as 20% on insurance premiums if you rather take out a monthly-payout life cover policy (eg: $3,000pm paying for 15 years).
It is truly amazing how much you can save with that structure.
FREE CHILD PROTECTION PLAN REPORT:
Use the form below to request your own Report which will contain all the details regarding setting up your Will, the Life Insurance Quote to fund the Will, and who we use as our preferred KiwiSaver provider and why.
Use the form below to request your own Report which will contain all the details regarding setting up your Will, the Life Insurance Quote to fund the Will, and who we use as our preferred KiwiSaver provider and why.
How to save up to 20% on life insurance premiums explained:
Every family is different.
Please complete this easy form below with your own information and we will email your own free Child Protection Plan report to you asap, along with a video explaining everything.
Please complete this easy form below with your own information and we will email your own free Child Protection Plan report to you asap, along with a video explaining everything.
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