It’s a pretty sobering thought –based on gambling revenue data published by The Department of Internal Affairs, in 2009 New Zealand households spent almost twice as much on gambling than they did on life, trauma and disability insurance premiums yet it would seem that the amount of claims paid by life insurance companies is double that of the value of prizes paid in gambling.
According to recent statements from the Investment, Savings and Insurance Association, life insurance companies are paying out an average of $2 million a day in claims.
http://www.stuff.co.nz/business/money/4421009/Why-are-so-many-Kiwis-underinsured
---------------------------------------------------------------------------------------------------------------------------------------------------------
Wow, who knew the Kiwi’s were such gamblers, good job Las Vegas is a long way away. It’s the same story in all western countries, UK, US, Australia, France, Germany etc. Life Insurance is seen as a luxury payment in these fiscally tight times, quite wrongly of course, but what are you going to do? It’ll take years to change people’s mind and I wouldn’t be surprised to see life insurance rates rise as the economy starts to pick up again.
No comments:
Post a Comment