Even though Jason Douglas spent more than 17 weeks recuperating from a heart attack, his KiwiSaver contributions kept coming thanks to SaverProtect - a free benefit for Mercer KiwiSaver scheme customers with BillProtect insurance.
Jason admits times would have been a lot tougher if he hadn’t taken out BillProtect almost 2 years ago.
“Losing my income created a huge gap but having BillProtect meant we had enough money. Instead of worrying, I could focus on getting well,” says Jason.
Mercer BillProtect is an insurance policy, underwritten by Cigna Life Insurance, that can pay out a fixed monthly benefit if you’re unable to work because of redundancy, illness or injury.
What came as an unexpected bonus though was the SaverProtect benefit that contributed $200 to Jason’s KiwiSaver account every month he couldn’t make employee contributions.
“Straight after my heart attack, KiwiSaver was the last thing on my mind so finding my contributions had continued was a real boost. I’m even still on track to get my member tax credits.”
While Jason has returned to work as a truck driver, the time off has given him a chance to reflect on the retirement he’d like.
And that means continuing to save with KiwiSaver and Mercer.
Find out more about SaverProtect here.
The Mercer personal insurance policies are underwritten by Cigna Life Insurance New Zealand Limited. This information is only a summary of the key features of the insurance policies. We recommend that you read the policy wordings for full product information, terms and conditions apply to all Mercer Protect insurance policies. Take advice from a financial adviser if you are unsure what action to take.