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New Zealand; a land of opportunity but not without risk.

01
No matter what background we have or what country we or our forebears come from, there is no doubt New Zealand offers opportunities to those prepared to work for them. This pioneering spirit in a modern world has become more often referred to as our entrepreneurial spirit…where grit and determination meets execution! We can spend time working for ‘the man', building our know-how and experience or we are already experienced business people from other places, and one day we think, ‘I could do this myself. Take my dream, start a business, (or start again), employ some help. I don't want an empire, I just want to work for myself and get a lifestyle out of it for me and my family.'

This attitude is so common that small to medium sized enterprises (SMEs) in New Zealand employing five or fewer people now number over 430,000, employing more than 560,000 people representing immeasurable worth to the national economy (GDP). But there's a threat lurking beneath these impressive statistics: research tells us that New Zealanders are underinsured compared with other countries, with only about a third of the investment other OECD nations put into protecting the livelihoods of the people producing this GDP. At GFS there is too often evidence that business owners, many of whom are the key person in the business, frequently lack some or all of the cover they need.

This is in part because many see insurance as expenditure rather than protecting their dream. One role of GFS is to show people than insurance is not a cost, but on the contrary a vital element of financial wellbeing. A second role is to provide products and services that facilitate that wellbeing.


The diagram shows all the parties at risk in ‘The Circle of Life'. The business is underpinned by its key people, who are subject to general life risks - accident or illness that could leave them temporarily or permanently unable to contribute to the business.

That financial impact flows on to the owner/s of the business (often also a key person), who is responsible for the debt, both visible and invisible. Some owners think they don't need business or key person cover because they don't see any outstanding debt - they wholly own the business and the business assets such as vehicles and so on.

However, that's just the visible debt. The cost of exiting is invisible - if you suddenly had to close the business, what would it cost you to pay all current utility bills, rates, holiday pay and other entitlements? What about your lease commitments too? Too often these issues can be overlooked.

Then there are the families; the people supported by the business. What does the owner's lifestyle cost? What about their staff's lifestyles? Who and what is dependent on the business, and what happens if that revenue stream drops or stops? But of course, ‘the circle of life' only completes because the business also is dependent on the very people needed to drive revenue.


The advice GFS offer their clients looks to deal with this value chain. Certainly, it is the responsibility of business owners and key people to seek advice to get the cover they need. But GFS bear equal responsibility, in that they must help to simplify this process and support their clients transfer of any financial liability they are uncomfortable with should a life risk event strike. Getting the insurance you need should not be complicated or expensive relative to the risks you face – Talk to GFS today about how they can help you.

Call 09 2555500 email insurance@globalfinance.co.nz

 

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GFS - First Indian financial adviser to win Westpac Auckland Business Award for Excellence in Customer Service

Written by Saurabh Gupta on October 9th, 2015.      0 comments


Mortgage Broker GFS team wins Westpac Auckland Business Award

GFS has achieved the status of the first Indian Financial Adviser who has won the award for Excellence in Customer Service from Westpac Auckland Business Awards (South) 2015. These awards are presented by Auckland Chambers of Commerce and ATEED and are across industries.


“Excellence in Customer services” is always the core value of GFS. Competition was extremely tough because GFS had to compete with all other South Auckland based business who participated in this category including financial advisers, manufacturers, consumer businesses, hotels, educational institutions, etc.

Getting an award in a category that is across all industries highlights the importance of financial advice that GFS has been delivering to customers. Their financial advice process was independently verified by a panel of judges for the purpose of this award. These judges are amongst the most discerning as they have mentored or lead some of the best businesses in New Zealand.

This is one of the most prestigious business excellence awards in Auckland and are presented by the Auckland Chamber of Commerce in partnership with Auckland Tourism, Events and Economic Development (ATEED). The Major Sponsor of this award is Westpac Bank and category sponsor is Barofoot & Thompson.

Michael Barnett, Chief Executive of the Auckland Regional Chamber of Commerce & Industry, said, “This award recognizes a business that succeeds through showing consistent dedication to superlative service, demonstrates its commitment to customers through its policy & staff training”.

WABA AWARDS 2015 WINNER SOUTH - 700px

“The Awards show that great businesses achieve a combination of competitive pricing with prompt servicing and a quality product. Our winners pay attention to fast turnaround times, thoughtful suggestions and improvements saving their customers time and money - and to a strong focus on creating a memorable customer experience,” adds Barnett.

GFS thanks all its customers for supporting them through this journey of more than 16 years. GFS takes this opportunity to thank the 4,000+ families who inspired us to be attentive to their needs, their homes, mortgages and insurances. GFS appreciates and are grateful to   banks and insurance companies without whose support delivering excellent customer service would not have been possible.
But most important to GFS are the testimonials and positive judgement from 500+ customers on radio, Facebook, Google+, email and videos. 

Customers have appreciated GFS for assisting them at the time of insurance claims. Many times they have assisted people who were not even their customers. GFS focuses on arranging insurance cover based on unique individual needs so that it is affordable as well as protects their families sufficiently. 

GFS helps customers not just get a mortgage but also advises them on how to pay it faster and save thousands of dollars in interest cost over the entire life of the mortgage. The interest rate savings and cashback that customers receive at the time of taking the mortgage is a small part of this total saving.
GFS helps customers not just get a mortgage but also advises them on how to pay it faster and save thousands of dollars in interest cost over the entire life of the mortgage. The interest rate savings and cashback that customers receive at the time of taking the mortgage is a small part of this total saving.
So far, its claim settlement ratio in respect of life insurance is 100%.

Ajay also requested, “I request all our customers to Like our page on Facebook (www.facebook.com/GFSNZ) so that you can keep getting updates on the property market, mortgage market and insurance. It is a modern means of communication wherein customers keep themselves updated in an instant – and interact through interesting photos and videos rather than just text”. To the best of our knowledge, as on 9th October 2015, we have the highest number of 5 star reviews on Facebook amongst financial advisers in Auckland.

GFS thanks all its customers for supporting them through this journey of more than 16 years. GFS takes this opportunity to thank the 4,000+ families who inspired us to be attentive to their needs, their homes, mortgages and insurances. GFS appreciates and are grateful to   banks and insurance companies without whose support delivering excellent customer service would not have been possible.
But most important to GFS are the testimonials and positive judgement from 500+ customers on radio, Facebook, Google+, email and videos. 

Customers have appreciated GFS for assisting them at the time of insurance claims. Many times they have assisted people who were not even their customers. GFS focuses on arranging insurance cover based on unique individual needs so that it is affordable as well as protects their families sufficiently. So far, its claim settlement ratio in respect of life insurance is 100%.

GFS helps customers not just get a mortgage but also advises them on how to pay it faster and save thousands of dollars in interest cost over the entire life of the mortgage. The interest rate savings and cashback that customers receive at the time of taking the mortgage is a small part of this total saving.
 
“I would like to thank all our customers and well-wishers for motivating the team. GFS has always put customers first.
We got this award because at GFS we keep the customers’ best interests first.
We are able to provide the best customer service because GFS is a team of 18 people, with the best management systems and processes with the help of latest technology.
We used the cutting edge technology that allows us to be proactive in identifying opportunities for saving interest cost for the customers.
GFS has won 23 awards so far in the last 7 years. To our knowledge, there is no other mortgage & insurance adviser in the country who has won so many awards – and I thank our customers from the bottom of my heart for this achievement.
- Ajay Kumar, Director - GFS
 
On its Facebook page (ww.facebook.com/GFSNZ), GFS got huge support from its customers, dignitaries, banks, insurance companies and well-wishers. 
 
“Congratulations to Ajay Kumar and his team for winning the well-deserved award.”
- Kanwaljit Singh Bakshi, National List MP

Westpac Bank manager Scot Bailey congratulated GFS and the team and said that the award was well deserved.

Please click here to read more on Facebook and click here to read it on Auckland Chambers of Commerce website.
 
 

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