Cigna Introduces Latest Mortgage And Renters Insurance

Cigna declared today the launch of its latest Mortgage and Rent Safe insurance, which assists Kiwi home owners or renters to keep a roof over their heads if they cannot work because of illness, wound or redundancy. The insurance, which can be bought online or over the phone, is particularly designed to meet the requirements and budget of a broad range of persons, with a variety of choices to select from.

Cigna’s Head of Product, Adam Rudland stated that the company observed a requirement for a simple and affordable alternative to complete income protection insurance. This was further supported by the recent financial outcomes of the Cigna 360° Wellbeing Score research. “While the research discovered that the price of living is the top social concern for Kiwis, only 16 percent of us consider that we’ve financial security if we are not able to work. In fact nearly half of Kiwis cannot pay the bills for more than a month if not able to work,” stated Adam.

The research also discovered that the majority of Kiwis (79 percent) consider that they do not require any budgeting advice. “There could be various reasons for this involving the general ‘she will be right’ Kiwi attitude,” claims Adam. ”Although, sometimes things do not go right. In fact in around 54,800 residents a year someone falls sick and is not able to work for 3 months or more. Insuring your income is believed to be one of the easiest choices to make sure that you and your loved ones are taken care of if you cannot work.”