A low-fee strategy could be costing investors $100,000 or more on retirement.
New Zealanders are 2.61 times more likely to suffer serious illness - putting a person off work for six months or more - than we are an accident, and to make matters worse it seems there’s now a whole swathe of cyber ailments like Facebook addiction to contend with.
Even lying on the bed and never leaving your bedroom while spending time on social media could be a risky business, with various researchers reporting ailments like Facebook depression, repetitive strain injury from keyboard and mouse usage and even internet addiction - all increasing our chances of being ill enough to suffer some loss of income.
When it comes to money, many of us like to have things that are useful and valuable; a nice car to get around in, a home in a good street, a large TV to watch the game on or the latest smartphone and tablet… the list goes on.
We also see the value in protecting these things. A 2013 Massey University report stated that nine in 10 Kiwis have insurance in place to cover the things we own. After all, if you've worked hard for something then why shouldn't you be able to protect it in case something happened to it?