Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Fidelity Life offers financial relief for M. bovis farmers

Fidelity Life offers financial relief for M. bovis farmers

1 August 2018

New Zealand’s largest locally-owned life insurer Fidelity Life is helping its farmer customers deal with the financial impact of mycoplasma bovis with a special relief offer.

From today, the company’s customers who are suffering financial hardship due to the impact of the disease on their farms can apply to put their premium payments on hold for up to six months, without affecting their insurance protection.

Fidelity Life Chief Distribution Officer Adrian Riminton says the company has a responsibility to look after its customers, particularly in tough times.

“Life insurance is all about being there for your customers when they need you. Efforts to eradicate mycoplasma bovis will likely see 126,000 cows culled over the next two years and many of our beef and dairy farmer customers will be concerned about the potential impact of mycoplasma bovis on their businesses.”

Farmers are already dealing with high debt levels, which is compounding the financial pressure, says Mr Riminton.

In 2015 Fidelity Life made a similar offer to its dairy farmer customers who were hard hit by a fall in the farmgate milk price.

Mr Riminton says beef and dairy farmers with Fidelity Life policies should contact their financial adviser for information about the offer.

“It’s important for farmers’ financial security - their families and their businesses - that they keep their insurance protection in place, even when times are tough. It’s also important for us to retain our customers, so this offer is a small thing we can do to help our farmer customers get through this crisis.”

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>


Commerce Commission: News Publishers’ Association Seeks Authorisation To Engage In Collective Bargaining

News Publishers’ Association of New Zealand Incorporated seeks authorisation and provisional authorisation to engage in collective bargaining with Facebook and Google. The Commerce Commission has received applications from News Publishers’ Association of New Zealand Incorporated (NPA) seeking authorisation and provisional authorisation on behalf of itself... More>>


ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>


PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>



REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>