TOURELLE LIFEBROKERS - RISK MANAGEMENT FOR FARMERS

Because Life Doesn’t Always Go to Plan

Running a farm comes with enough uncertainty—your insurance shouldn’t be one of them.

Take a moment to consider:

If you couldn’t work tomorrow, would your finances hold steady?
Is your current cover really protecting your family, your income, and your livelihood?
In the event of a serious illness, do you know what you’d be entitled to?
Have you explored the benefits of ACC CoverPlus Extra—and whether it’s the right fit for you? Save premiums and get better private cover.
Succession planning is about being fair and reasonable to all family members. Level premiums for life cover to the age of 100 years old is a great vehicle for farm succession assurance. The earlier the age you require it, the more you will save.
It costs nothing to review your insurance and ACC plans.

Let’s talk through your options and make sure you’ve got the right protection in place for the road ahead.

Farmer and young son walking in maize fields

WOULD YOU BE FINANCIALLY OK IF...

Dairy farmer Andrew Shaw was diagnosed with Hodgkin’s Lymphoma in January 2017; he was 40 years old and his wife Lisa was 35. They had three children and a business to run.

Only once they were in this situation did Andrew and Lisa realise the value of having the right insurance cover – and they’d like you to know their story.

READ ABOUT ANDREWS STORY

RURAL INSURANCE ADVICE YOU CAN RELY ON

At Tourelle Lifebrokers, we specialise in tailored risk protection for farmers—cover like Life Insurance, Trauma Cover, and Farmer’s Disability Income Protection. We also bring in-depth ACC knowledge to the table, helping you make it work smartly for your business.

We’re not just here for the paperwork—we’re here for the long haul. For three generations, we’ve walked alongside farming families, building lasting relationships and personally guiding them through the claims process when the unexpected happens.

Our focus? Making sure both your family and your farm are looked after—especially if you’re no longer able to be hands-on.

CONTACT US TO FIND OUT MORE

FIVE THINGS YOU SHOULD KNOW ABOUT YOUR INSURANCE PLAN

1. If you, or a key farm worker, were unable to work due to a severe illness or accident, how long do you think your wife, or any other workers could cover the workload between them?

An insurance product called Farmer’s Disability Income Cover will pay a monthly sum into your farming business, enabling you to employ a worker to cover your workload until you return to work full-time. Does not offset ACC, you get both covers.

2. Based on your past experience, how easy is it to hire a quality labour unit?

Your answer to this question will determine how much monthly income cover you will need under Farmer’s Disability Income Cover. Remember:

You may need to persuade a good labourer to change his/her situation to work for you.
You want the best person you can get, as you do not want the worry of having to oversee them while you are recovering from a serious illness or accident.

3. What are the regular tasks around the farm that you could delay completing if you lost a key labour unit for 3 months or more? What cash reserves do you have, should it be a very busy time on the farm, like calving?

You can delay some tasks, but obviously this will be determined by the time of year. If it were calving time, you’d need replacement labour immediately. Ensure you always have cash at hand to tide the business over until your insurance cover kicks in (most insurance cover has a wait period). If you break a bone - specific injury pays a lump sum immediately (no waiting period).

4. If you were for forced to leave the farm to support a child at Starship Hospital, how long could your current cash reverses cover your labour replacement?

Check to see if your existing insurance plan has a children’s trauma clause. There are policies in the market place that will provide a lump sum payment in the event of a child having a trauma condition. Dependent relative benefit, you can receive 75% of your monthly benefit if you need to be the main caregiver for a direct family member.

5. Did you know that if you have an exclusion on your policy, you can have this reviewed by the insurance company to see if the exclusion still applies?

An insurance company will place an exclusion on a policy if there is a recent or ongoing history of a condition. If you are symptom and treatment-free from the condition for several years (depending on the type of condition), an insurer will review your exclusion with the premise of having the exclusion removed.