Insurance Phase-Down — Alister Way Suite

August 2026 — Insurer call agenda

① Reduce life cover: $549k → $500k

② Freeze CPI on crisis cover: stop automatic increases

③ Level premium quote: confirm all 3 discounts apply

④ Ask: is level premium truly fixed?

⑤ Ask: can sum insured reduce later without re-underwriting?

Get level quote in writing — don't convert on the call.

Dependants

Child 1 age

Child 2 age

Independent at

Cover Milestones

YearLife ($k)Crisis ($k)

Upsize Scenario

Model a larger mortgageOff — current mortgage only

Premium Comparison

Your CPI-linked premium (now)$190/mo

$50$1,000

CPI escalation rate8.0%/yr

1%12%

Level alternative (fixed)$300/mo

$50$600

Affordability ceiling$500/mo

$100$1,500

CPI crosses level at: —
Affordability cliff: —

Coverage Adequacy — Snap Shots

Age / Year	Life cover	Crisis cover	Net debt	KiwiSaver	Status

Cover below debt Deps at home / caution On track

Crisis Cover Self-Assessment

Family history — GP fully assessed (2025):
Maternal: Two cousins with breast cancer at 56. Third-degree relatives — GP confirmed no elevated BRCA risk, baseline population risk (~1 in 9 lifetime).

Paternal: Father had cardiac event 2021 (PCI/catheter), congenital heart defect identified, stroke at 75. GP advises congenital defect likely not hereditary. Blood pressure and bloods normal at 43.

Baseline established. Continue routine monitoring.

Self-Insured — What It Actually Means

"Self-insured" appears when KiwiSaver balance exceeds remaining net debt — your assets could theoretically clear the mortgage. It does not mean you can drop cover to zero: KiwiSaver is locked until 65, property equity is illiquid, and your income still funds dependants' lives for years after the mortgage is gone.

Think of it as a signal to step down significantly, not to stop entirely. Consult your adviser before any reduction.