Updated: May 5, 2020
The current health crisis sweeping the globe has created a number of responses from uncertainty and worry about the future, to panic.
Many of us have lost some of our hard earned investments and many of our first home buyers may have to defer their home purchase plans while their savings “recuperate”.
There is the possibility of the significant loss of jobs and businesses, and some of this has already occurred.
In recognition of the dire possibilities ahead there have been a number of support mechanisms put in place to provide financial assistance to those in need.
So, what might all this mean?
Well, for many the current lockdown restrictions have provided the opportunity and time to consider what really is important.
Family will be at the top of the list for many and so the protection provided by life, income and health insurance may now be more important than ever.
With the significant drop in investment values, a review of our investment options in KiwiSaver may be something we are thinking about.
The life insurance companies, banks and other lenders are working very hard to help us survive this Covid-19 challenge and this has been recognized already by the relaxation of loan to value requirements for the next 12 months by the Reserve Bank.
At Thompson McNeill we are also determined to find the best pathway through this crisis and happy to help clients do the same.
Give us a call on (03) 281 8605 or: