FAQs

Do I need Life insurance?

If you have commitments like rent or a mortgage, hire purchase payments, credit cards, utility bills and mouths to feed, then life insurance makes a great deal of sense. It’s designed to give you peace of mind – knowing that if the worst happened to you, your family will have help to cope financially. Having Life Insurance is also a way of good stewardship. Protecting what is important to you especially your love ones is a legacy of being a good provider.

Is life insurance biblical?

There are no specific biblical scriptures on life insurance in the bible. However, there are several scriptures that clearly express the principles on it. For example in Timothy 5:8 says ‘anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.’

In the strongest terms, Paul emphasized the responsibility of a man to provide for his family – to do all he could to support them. We may add that Jesus Christ himself gave an example of providing for one’s own, when He provided a home for His mother with the beloved disciple. This is why when someone is out of work, we can pray with such confidence, knowing it is God’s will for them to provide for the needs of their family through work.”

Risk Insurance now are expensive, most people can’t afford it, which is one are the most important?

Generally, the cost of risk insurances varies depending of the needs of the clients. It would not be feasible to take all forms of insurances and neglect what is important for you. It is wise to ascertain a personal budget for this purpose. Our adviser will conduct a fact find whether that budget you set aside could buy an ample cover for yourself and family. Basically, we encourage a comprehensive advice. We would suggest that our clients are fully covered. In case, limited advice was chosen, some information was not disclosed you could leave your self exposed to the potential dangers of inappropriate or inadequate cover. I would suggest to conduct a personal risk analysis arrive at a more accurate information on your needs.

Are there any cheaper forms of risk insurance?

If you are looking to save money on your insurance, there are certain more specific and less costly options available to you. For example, if you cannot afford a comprehensive protection policy, you can choose a limited cover that has a built in cover such as TPD and increase the waiting period or waiver of premium in order to reduce your monthly premium. Our advisers will guide you how to reduce the cost of your premium. In some instances, there are discounts offered by the insurance provider on some of their products. Immerse Life can also offer, discounts on the renewal or upgrading of your policy.

How can I Save Money on My Insurance? Are there any Options?

Of course, there are. The Immerse Life can show you different options to save money. We can basically identify which cover is expensive and which insurance providers have a lesser cost on their policy cover. We are basically, affiliated with major insurance companies, hence they can offer us reasonable cost for your insurance conditions will apply. We can also demonstrate which method or terms are appropriate for your situation. That can be rate for age or level kind of insurance. Both are beneficial depending on your age and your needs.

Does ACC covers medical conditions that are covered with Health Insurance?

The public health system of New Zealand provides quality emergency care and treatment for serious medical conditions. However, the health care costs continue to put pressure on the public system. For example there are patients that are diagnose and treated on non-urgent medical conditions, including those with a significant impact on lifestyle such as sinus complications, cardiac conditions, and hernia repair would be also significant. In most cases, availability to treatment is limited and public patients. There are qualifications for treatment before joining the queue.

ACC is not a substitute for private health insurance. ACC is an accident insurance scheme that all New Zealanders have access to. The role of ACC is to provide treatment and rehabilitation services for anyone who suffers an injury as a result of an accident. It does not cover you for anything that ACC does not deem to be an accident. If your claim is declined by ACC, you can be assured benefits from health insurance.

Do I really Need Health Insurance? Are there options to Health Insurance?

It will really depend on your priority in life. If you believe that planning for your family health care is important then you should need some form of health insurance. 1 in 3 couples in their thirties with a young child will claim on their policy in any given year. 50-59 years of age can claim more than twice as much as 30 – 39 years of age. $1,014 million in the 12 months to June 2015 the health insurance industry paid out $1,014 million in private medical claims.

Can I claim from all the Medical Conditions specified?

Ongoing medical advances have led to improved treatment options for serious medical conditions. While these medical developments are great news for New Zealanders, treatment and recovery can come at significant cost, even if an early diagnosis has been made. We recognize that these advances call for a new approach. You can choose trauma cover that can claim payments related to the severity of the medical condition: the more serious the condition, the greater the claim payment. And unlike other insurance products, which generally pay out just once, some trauma cover enables you to receive additional claim payments if your condition worsens or if you suffer from an unrelated medical condition.

What is Biblical Financial Stewardship?

Biblical Financial Stewardship is a ministry that aims to use, manage and allocate God’s resources based on biblical principles. Stewardship of God’s money is crucial in our daily walk with Christ. We are basically mandated to be good stewards of God’s resources.

Effective stewardship in business is becoming more important daily—particularly, regarding sustainability. That’s why we must remove the idea that stewardship applies only to money. It’s important to apply good stewardship principles when we use all resources. We must apply stewardship principles to our use of time and talent. This means using these according to Colossians 3:23-24, to the best of our abilities, and for God’s glory. Excluding time and talents, stewardship means leaving other resources at least the same or better than when we encountered and used them. Each Christ follower must be alert to carry out his or her biblical stewardship role for everything God allows him or her to use.

At Immerse Life we strive to uphold financial stewardship and facilitate the practice of biblical principles to manage God’s resources for the benefit of our clients and glorify God.