How do financial services products help you achieve your goals?

Screen Shot 2017-07-13 at 3.34.37 PM
Five motivational gurus you should be following
July 13, 2017
Steve Mansfield
Introducing our newest team member!
August 31, 2017
Show all

How do financial services products help you achieve your goals?

Screen Shot 2017-07-13 at 3.39.51 PM

At True North Investments, we specialise in giving you quality advice on investments, insurance, and mortgages. In this article, we’d like to show you how four of the main financial services products can help you get what you want out of life.

Life Insurance

Simply put, life insurance provides your loved ones with a lump sum payment if you die. While it’s not very pleasant to think about it, it’s important to work out how your death would affect their ability to pay the bills, afford a good education, and save for retirement. A life insurance policy will give your family the peace of mind that they can pay off the mortgage and have a cash reserve with which to cover all of life’s expenses, avoiding the financial hardship that your death might otherwise cause. In most cases, life insurance will also pay out if you’re diagnosed with a terminal illness, giving you the opportunity to make important financial decisions yourself, and the ability to make the most of the remaining time with your family.


Financial goals aren’t just short-term wants and needs; they should also include being able to enjoy a comfortable future. While New Zealand currently provides every eligible resident with National Superannuation from the age of 65, it’s a modest amount and unlikely to enable you to afford the kinds of things you imagined retirement would involve, like travel and hobbies. KiwiSaver provides all New Zealanders with an easy way to save for retirement, with contributions deducted directly from salary and wages, plus an annual contribution from the government to help top up your savings. While you can just enrol in the default scheme, by getting advice on which provider to use and which of the KiwiSaver funds to invest in, you can significantly increase how much you end up saving by the time you retire. KiwiSaver has one other major benefit – if you’re looking to buy your first home, you could be eligible to use almost all your savings towards your house deposit.


Like most New Zealanders, you’re probably keen to own a home. But unless you’ve had a big windfall or managed to save a significant amount of money, home ownership also means taking out a mortgage. Your mortgage is likely to be your household’s largest expense, and paying it off as soon as possible is probably high on your list of goals. The good news is that there are plenty of ways you can structure your mortgage to save years and thousands of dollars. These include changing your payment frequency, increasing your regular payments, making lump-sum payments, splitting your borrowing between different mortgage types, and utilising revolving credit. By making the right choices early on, you can end up mortgage free much sooner.

Investment Planning

If you’re in the position to invest your hard-earned money, then your main goal will be to make it work for you and achieve the best possible returns. Investment planning helps you to identify the kinds of investments that best suit your needs, and select the risk profile that’s appropriate to your life stage and your current financial situation. It’s important to have a clear idea of what you want to achieve and by when, so that your investment plan can be tailored to match. A successfully executed investment plan will set you up for a comfortable and rewarding retirement.

At True North Investments, we can help you identify how best to structure these four products so that they achieve the right results and help you realise your major life goals.