Keeping the Farm running is vital
Farmers have a unique work environment and, therefore, need a unique form of insurance. As a farmer, you know how unpredictable life can be. On top of the day-to-day risks of manual labour, you face the same health threats as everyone else. And you can only be as productive as your body lets you be. The everyday duties of running a farm or sharemilking business don’t stop just because you become sick, injured or worse still, die.
A well planned and thought out Personalised Farm Protection Plan can protect you from the financial consequences of a serious illness or accident or untimely death, helping to keep your farm running and in good shape for the next generation.
Succession Planning
Farms are often a generational legacy where the parents build up a generational asset through the ‘family farm’. In the normal course of events the farmer works the land, educates the children and passes the farm on to the next generation ….
BUT …. what would happen if the farming parent or parents were to die unexpectedly, have a serious accident or suffer a severe illness at a youngish age which meant they could no longer work the farm?
- Debt levels could force a mortgagee sale from the bank
- Your stage of life could mean the farm may not be able to be passed on
- The farm may not be in a position to afford a farm manager
- The stage of the development of the farm could mean the children are not in a position to take over the farm financially
- The farm may have to be sold because one or more of the children want to be ‘paid out’ instead of running the farm
Where we come in
An Adelphi Adviser will come to your farm to visit you and your family, in the comfort of your home, and develop your Personalised Succession Plan for your family and farm’s unique circumstances and needs.
Rural Key Person Insurance
Unlike most businesses, a farm or sharemilking business cannot afford to stop operating in the event of a loss of a key person. The financial consequences of a disability or extended illness could be devastating for your lifestyle and those that depend on you. When you work and live in the same place, along with your family, a threat to the farming operation is also a threat to your home life.
Rural Key Person Cover
Rural Key Person Cover is specifically designed for farmers and farm operators like sharemilkers. Rural Key Person Cover will pay you a monthly income if a key person is disabled and unable to work because of illness or injury. This cover allows you to hire a replacement contractor/locum to take care of things while that person gets back on their feet.
Note: A key person is someone on the farm responsible for generating business income.
Just because your health suffers a setback, your farm or sharemilking business doesn’t have to. The right insurance cover is a vital contingency plan for any farmer, as it can take just one setback to jeopardise years of hard work.
Where we come in
An Adelphi Adviser can sit with you and your partner, in the comfort of your home, and develop your family’s Personalised Farm Protection Plan to determine the ideal level of Rural cover you need for your family’s unique circumstances and needs.
Don’t take our word for it
here’s what our clients say
Andy has been very helpful, we couldn't have filled out the paperwork without him. He is friendly and courteous and a pleasure to deal with.
“My wife and I are so very thankful for the sincere and professional support we have received from Chris Goddard over the last year as we have worked through a very rough time. We would have never made a claim without his support and advice. He has offered valuable advice every step along the way, offering to do things above and beyond, showing his sincerity. We were just talking yesterday about how lucky we are that we signed up all those years ago when we got our mortgage for the extra protection - mortgage and income protection. Because of this, I am now receiving extremely expert and expensive help from medical professionals that I would otherwise not have access to. I have advised several friends and family members recently of the services provided and will continue to do so!".
Great to deal with. All the options were easily explained and pointed out the ‘pros and cons’ thoroughly. Exceptional service.
"During our first meeting Nina was friendly and efficient, setting us at ease while establishing our occupations, financial restrictions, health history and insurance requirements.
Nina prepared our insurance packages, emailed them to us then we met again to the discuss the options she had clearly illustrated. Due to changing circumstances Nina requoted our options three times during which she travelled a long distance to meet with us and discuss anything we did not understand in a knowledgeable and concise manner.
My husband and I are happy to recommend Nina as a Financial Advice Provider to any prospective clients."
"Omg I am crying right now. Thank you so much. I cannot believe it, this money would come at a perfect time you have no idea. We are a 1 income family & things have been very tight. You are amazing !! Your customer service is top notch".
“Can I please take this opportunity to say how much I have appreciated your kindness and support throughout this entire journey I have been on and with such a great outcome. You were there for me right from the start and just talking to you, having you listen to me at my lowest and also helping me through all the paperwork, that, I am very grateful for .
Your company is very lucky to have you. Once again Ryan you are the best .”
"Top class advice, great service, good regular feedback. Thank you, Foster"
“Michael who was the friendliest most professional person to help us choose the right plan for us moving forward. Excellent communication made the process very easy and stress free. Michael was available to answer any questions at any time. Highly recommend Michael and Adelphi for all your insurance needs”.
"Honest advice from Chris based on his experience with clients and insurers. He went out of his way to schedule times which suited our family".
"Nina was very knowledgeable and presented an informative and balanced description of the various products. I felt that she had the best outcome for our situation front and centre, rather than trying to push products that we didnt need."
“Ryan has been helping me with my claims for the last few months. I have ongoing health issues which can be very stressful at times, however, Ryan has been nothing short of amazing in helping me with the NIB processes. His thorough attention to detail, reliability, friendly support and kind ear has really taken the load and stress off my shoulders. He gets back to be very quickly and has things sorted within days. He explains the NIB processes in a way I understand and makes me feel valued. He has provided me with remarkable service and I cannot fault his work!!”
“I recently dealt with Andrew to help with my KiwiSaver hardship withdrawal. In what was a stressful time Andrew was very professional, he understood my needs and made the process simple and easy. Would definitely recommend Andrew for anything KiwiSaver."
"Nina is an amazing professional. Besides having a lot of knowledge on what she sells, she was able to explain me in a language I could understand. She is patient, compromised, and really helped find the best option for me. She was everything I needed in such a hard time for me. I can recommend her services with my eyes closed."
