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.

Central Otago Mirror - - NEWS -

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-

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