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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 receives 2 top mortgage broker awards from ANZ Bank for 2015

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

9th December 2015: Ajay Kumar of Global Financial Services Ltd today received 2 top broker awards from ANZ Bank:

Mortgage Adviser of the Year 2015 - for being the No. 1 mortgage broker for the year of ANZ Bank – watch the award being presented in this video on Facebook - click this link

Top Mortgage broker award given by ANZ Bank at Auckland

Photo credit – Ajay Kumar receiving the Mortgage Adviser of the Year 2015 from Andrew Webster - General Manager, Retail & Business Banking at ANZ Bank

Valued Business Partner of the Year 2015 Award – for consistently being one of the top brokers for consecutive 3 years. In fact, we have been a top broker for 4 years now – you can watch Baden Martin, Head of Third Party Banking at ANZ Bank announce the award in this video I uploaded on facebook – click this link

Top mortgage broker award given to Ajay Kumar of Global Finance in Auckland by ANZ Bank

Photo credit – Ajay Kumar receiving the Valued Business Partner of the Year 2015 Award from Penny Ford, Director of ANZ Bank and Head of Sales, Auckland, Global Markets

It is a great day for the GFS team to have won the top award from NZ and Auckland’s largest home loan lender.
 
On this occasion, Ajay thanked GFS customers for his inspiration and achievements - "It is only with the support of the 4,000 families that we could achieve this. Also thanks to the entire GFS team for this achievement. Our investments in the latest technology, infrastructure, CRM system developed in-house and getting the best people to be a part of the organisation has helped us provide the best service and savings to our customers."
 
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.
 
Links to press coverage of the award:
Indian Weekender on Issuu.com
DepositRates.co.nz
NZAdviseronline.co.nz
Mortgagerates.co.nz

 

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