Insurance you can trust
Forwood For Life owner and insurance adviser Frank Wood has 22 years of industry experience behind him, and with that comes the knowledge a great deal of New Zealander’s insurance plans are not cost-effective.
Frank specialises in Level to 80 premium insurance as he believes it works better for those getting on in years, particularly if signed up for in their 30’s. For example if a couple aged 36 and 39 were to take out life insurance of $200k each, providing they are in good health and nonsmokers, their monthly premium would be approximately $116. The main benefit of this type of insurance being that for the next 44 and 41 years respectively, the couple would continue to pay the exact same amount each month. No increases in premiums would allow them to continue paying and therefore keep the insurance they may require in their latter years. Alternatively, the same couple nearing their 60’s who have what Frank terms ‘throw away insurance’ could be paying premiums upwards of $500 a month depending on their requirements and health. Once retired, many will struggle to pay this premium and therefore allow their insurance to lapse, right when they need it the most. Frank concentrates on his clients having ownership of their life cover and believes Level to 80 premium insurance is the sensible option. He has plenty of experience to base this on, having started with FAI Life in 1989 and acheiving New Agent of the Year, which he also received in 1990 working for National Mutual and in 1995 he received Southland LUA. In 1998 Frank qualified for the Million Dollar Round Table (MDRT) recognising him as in the top 5 per cent of insurance agents across the globe. In 2009 he achieved Life Membership for MDRT and in June 2011 was
Frank concentrates on his clients having ownership of their life cover and believes Level to 80 premium insurance is
the sensible option.
wood For Life on 218 9175.
appointed flag bearer for New Zealand at their annual meeting in Atlanta, Georgia. For ten years Frank and colleague John Turnbull worked together as Turnbull and Wood and Frank has now been flying solo for five years with Forwood For Life. A good portion of his business is based around renewals as he offers his clients an effective long term policy. For more information, or an appointment to discuss your insurance requirements, contact Frank at For-