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Families 

Having a family can be one of life’s greatest rewards, but it also changes the way we think about life and how we protect what’s important to us.

Modern families can take a less conventional form than their traditional counterparts, and while they are likely to be smaller than they have been in the past, the desire to have a family is still strong in New Zealanders.

If you already have children, or are about to welcome a new addition into your family, then it is important to understand the financial impact a child can have on your life. It can be a fine balancing act, with more to pay for, often less money to pay for it with and the need to plan well for your future.

We’ve outlined a few TOWER products that may be able to help you protect your family:

Protecting your assets

With a growing family, the last thing you want to have to worry about is the “how would we cope if...” questions. Protecting your assets can help take the stress away if something were to happen.

 Car Insurance

Car Insurance

TOWER Motor Vehicle Policy Tailored Protection is our car insurance policy designed to be tailored to your life.  As well as the standard base cover, you can choose from our optional benefits to help extend your cover and reduce your premium. For instance, if your car was taken off the road, our Rental Vehicle option could provide you with an interim replacement car, helping you make the coffee groups and appointments that are a crucial part of your day.
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 House and Contents Insurance

House and Contents Insurance

TOWER Provider House Maxi Protection Policy and TOWER Provider Contents Maxi Protection Policy are our full cover home and contents policies, designed with families in mind and which offer additional features that you pick and choose from to help tailor the product for you. Does your growing brood mean renovations are imminent? You can add on cover to protect your home while construction is underway.
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 Health Insurance

Health Insurance

Premier Health™ is our health insurance policy that can be tailored to meet the medical and surgical costs that you choose.  When you have a family, you want to make sure you’re well enough to look after them, and with Premier Health™ you have the choice to take out additional cover, like our Specialist Option which helps cover the cost of specialist consultations you may need, on top of our Base Cover that provides cover for the major surgical costs you may face.
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 Life Insurance

Life Insurance

Life Cover is our life insurance product which can provide a payment to your loved ones to help them when you’re gone, onto which you can add a number of other insurance solutions, such as Trauma Cover and Children’s Future Insurability Cover (which can also stand on their own). While we don’t want to think about leaving our family behind, life insurance cover can help bring reassurance that our family is being looked after once we’re gone. Find out more >>
 Income protection

Income Protection

Income Protection Cover is also important, as often with a family one partner has stopped work to look after their family. Consider what would happen if the parent still working was struck by illness or injury and was unable to work for a period of time – how would your family survive? This cover can help take some of the stress away by providing a percentage of your income, after the applicable wait period, so you can continue to pay your bills and look after your family.
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 Cover4Travel

Travel Insurance

Cover4Travel is our online travel insurance product, and perfect for when you have two incomes coming in and have some spare money for an overseas break. Don’t let lost luggage or a broken arm stop you from marvelling at the world’s sights and having a great time together. Get travel insurance, be prepared and have a ball.
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Savings and investments

 Savings and Investments

Growing your wealth

When we find ourselves with a bit of extra money, it can be hard to know what to do with it. At TOWER we have a range of options that aim to grow your wealth for a rainy day, or achieve family goals such as saving up for your children’s education.
 
Savings and Investments at TOWER covers a range of investment options, including cash, bonds, New Zealand and international shares, and a range of diversified or alternative investment options. Choosing where to invest your wealth depends on what your long and short term goals are and your preferences for risk. For instance, do you want to invest in fund that typically provides a lower return with less risk to help pay for your children’s tertiary education, or do you have more time up your sleeve to invest in a higher risk fund with a potential for higher returns over the longer term?
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 KiwiSaver

Preparing for the future

As a family you may wish to help your children into their first homes, or ensure your retirement is relaxing and spent doing the things you love, without having to count every penny.
 
The TOWER KiwiSaver Scheme can help you save for your retirement nest egg so you can enjoy a comfortable standard of living when you choose to retire and entertain your children and grandchildren in style.  If you are a young family saving up for your first home, then the TOWER KiwiSaver Scheme may be able to help via the first home withdrawal benefit and first home deposit subsidy, both subject to qualifying criteria.
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Savings for kids
 KiwiSaver

TOWER KiwiSaver Scheme

The TOWER KiwiSaver Scheme is also a great way for children to start learning about money and the benefits of saving. Legal guardians are able to make an application to enrol a minor for the TOWER KiwiSaver Scheme.
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 Cash 4 Schools

Cash 4 Schools

TOWER also has its unique Cash 4 Schools school donations programme that is available exclusively to members of the TOWER KiwiSaver Scheme, so you can sign up your whole family to the scheme, join Cash 4 Schools, and nominate the school of your choice to receive the donations.
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 TOWER Individually Managed Account Service

TOWER Individually Managed Account Service

The TOWER Individually Managed Account service is a personal wealth management system that is designed to be simple, flexible, and convenient for people who own a valuable investment portfolio and prefer to have a professional financial adviser assist them with taking care of it.
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Getting professional financial advice

Financial advice is something all families should seek before making big decisions about their finances. The network of professional financial advisers affiliated with TOWER Financial Advisory Services can help you with your savings, investment, and insurance decisions.

We realise that each family is different and you may also have other insurance and financial requirements. Contact us today to talk about these and other choices TOWER can offer you and your family, including insurance for travel, boats and rental properties.

Call us on 0800 379 372, open seven days a week, 8.00am-8.00pm.

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