Assureme.co.nz Reviews

Based on looking at the Assureme.co.nz website, it presents itself as a financial advisory firm specializing in risk management and insurance coverage for individuals in New Zealand. While the site emphasizes protection and wealth management, it’s crucial to understand that conventional insurance, as offered by Assureme.co.nz, typically involves elements of riba interest and gharar excessive uncertainty, which are not permissible in Islamic finance. Engaging in such transactions can lead to spiritual and financial complexities, as they deviate from the principles of ethical and interest-free dealings. Instead of traditional insurance, individuals should explore Sharia-compliant alternatives like Takaful, which operates on cooperative principles, mutual assistance, and shared responsibility, aligning with Islamic values of solidarity and avoiding forbidden elements.

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IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Assureme.co.nz Review & First Look

Based on checking the Assureme.co.nz website, the platform positions itself as a dedicated financial advisory service aimed at protecting New Zealanders through comprehensive risk management and insurance solutions. The site exudes professionalism, emphasizing core values like Passion, Professionals, and Persistency. It highlights the expertise of its lead adviser, Caroline Liang, who brings over two decades of experience from the finance, banking, and insurance sectors. While the website presents a polished facade and promises wealth protection and cashflow security, it’s important to understand the underlying mechanisms of conventional insurance. Such models often involve interest-based investments and contracts that contain elements of excessive uncertainty, which are areas of concern within Islamic financial principles. The focus on “designing wealth protection” through traditional means, while seemingly beneficial, operates outside the framework of halal financing, which prioritizes transparency, equity, and avoiding exploitative practices.

Understanding Assureme.co.nz’s Value Proposition

• Risk Management Focus: The site clearly states its purpose is to protect “Kiwis, their workability, and their lives through sound risk management.” This indicates a comprehensive approach to personal and financial security.
• Professional Expertise: The emphasis on “experts in their fields” and the credentials of Caroline Liang MDRT, IDA, Financial Advice New Zealand are central to their value proposition, aiming to instill confidence in potential clients.
• Wealth and Cashflow Protection: Assureme.co.nz broadly aims to protect clients’ wealth and ensure stable cash flow, addressing common financial anxieties. This broad scope, however, requires a deeper look into the specific types of “protection” offered and their adherence to ethical standards.

Initial Impressions of the Website

• Clean and User-Friendly Interface: The website is well-organized with clear navigation, making it easy to find information about their services and their team.
• Strong Emphasis on Key Personnel: The prominence given to Caroline Liang and her extensive experience is a clear strategy to build trust and credibility.
• Limited Transparency on Product Details: While the site discusses “insurance cover” and “wealth protection,” it lacks specific details about the types of policies, their terms, or how they align with specific financial principles. This necessitates direct engagement to fully understand their offerings.

Assureme.co.nz Cons

While Assureme.co.nz presents a professional image and offers services seemingly designed to protect individuals, a critical look reveals several aspects that may not align with ethical financial practices, particularly from an Islamic perspective. The primary concern revolves around the nature of conventional insurance itself, which is often built upon principles that include riba interest and gharar excessive uncertainty, both of which are forbidden in Islamic finance.

Reliance on Conventional Insurance Models

• Involvement of Riba Interest: Traditional insurance companies typically invest premiums in interest-bearing instruments to generate returns. These returns, derived from interest, form a core part of their operational model, making the entire structure problematic. For instance, according to a 2022 report by the Insurance Council of New Zealand, investment income constitutes a significant portion of insurers’ total revenue, often stemming from interest-based financial products.
• Gharar Excessive Uncertainty: Insurance contracts inherently involve a degree of uncertainty regarding future events and payouts. While some level of uncertainty is unavoidable in life, conventional insurance can involve gharar fahish excessive uncertainty due to complex terms, conditions, and the speculative nature of predicting future losses. This lack of clear and unambiguous terms can lead to disputes and unfair outcomes.
• Absence of Sharia Compliance: The website does not indicate any adherence to Islamic financial principles or Sharia compliance. This means that the services offered are likely standard conventional insurance products, which are generally considered impermissible for Muslims due to the presence of riba and gharar.

Lack of Transparency on Specific Products

• Generic Service Descriptions: The website uses broad terms like “sound risk management” and “insurance cover” without detailing specific policy types e.g., life insurance, health insurance, property insurance or their underlying mechanisms. This lack of specificity makes it difficult for a potential client to assess the permissibility of the offerings without direct inquiry.
• No Mention of Ethical Investment: There’s no information on how client premiums are invested. In conventional insurance, these investments often include shares in companies involved in non-halal activities or interest-bearing bonds, further complicating their permissibility. A truly ethical financial advisory service would clearly outline its investment strategies and ensure they align with moral guidelines.

Limited Information on Fees and Charges

• No Published Fee Structure: The website does not provide any public information regarding consultation fees, policy premiums, or any other charges associated with their services. This lack of transparency can make it challenging for potential clients to compare costs or understand the financial implications upfront. While direct consultation is often required for personalized financial advice, a general indication of fee structures can build trust and inform decision-making.

Focus on Western Financial Credentials

• MDRT and IDA Certifications: While certifications like MDRT Million Dollar Round Table and IDA International Dragon Awards signify professional achievement in the conventional finance industry, they do not inherently guarantee adherence to Islamic ethical standards. These awards are often based on sales performance and asset management within traditional financial frameworks, which may not align with Islamic principles.

Assureme.co.nz Alternatives

Given the concerns surrounding conventional insurance and financial products from an Islamic perspective, seeking alternatives that adhere to Sharia principles is essential. These alternatives offer protection and financial planning while avoiding elements like riba interest and gharar excessive uncertainty.

Takaful Islamic Insurance

• Cooperative Risk-Sharing: Takaful is a Sharia-compliant alternative to conventional insurance. It operates on the principle of mutual cooperation and solidarity, where participants contribute to a common fund tabarru’ fund with the intention of mutual assistance in case of loss or damage.
• No Riba or Gharar: In Takaful, contributions are invested in Sharia-compliant assets, avoiding interest-bearing instruments. The concept of gharar is mitigated through transparent contracts, clear terms, and the cooperative nature of the fund. Any surplus in the fund after payouts and expenses can be distributed back to participants, unlike conventional insurance where profits solely belong to the insurer.
• Types of Takaful:
  • Family Takaful: Similar to life insurance, providing coverage for life events like death or disability, with a component of savings and investment.
  • General Takaful: Covers various risks such as property, motor, health, and travel, all managed according to Islamic principles.
• Growing Market: The global Takaful market has shown significant growth. According to the Islamic Finance Development Report 2023, the global Takaful industry was projected to reach US$49 billion by 2026, indicating a growing number of providers and options.
• Where to Find Takaful Providers: While still developing in some Western markets, reputable Takaful providers exist in various regions. Searching for “Islamic insurance New Zealand” or “Takaful providers” in your region can yield results. For instance, some international Takaful operators might have branches or partnerships that cater to the New Zealand market.

Ethical and Halal Investment Platforms

• Sharia-Compliant Investments: Instead of relying on conventional wealth protection schemes, individuals can opt for direct investments in Sharia-compliant assets. This includes:
  • Halal Equity Funds: Funds that invest in companies screened for adherence to Islamic principles e.g., no involvement in alcohol, gambling, conventional banking, or non-halal food.
  • Sukuk Islamic Bonds: Asset-backed securities that represent ownership in tangible assets and generate returns from legitimate trade or leasing activities, avoiding interest.
  • Ethical Real Estate Investments: Direct investment in properties, ensuring that the rental income or capital gains are generated through permissible means.
• Professional Halal Financial Advisers: Seek out financial advisers who specialize in Islamic finance. These professionals can help design a comprehensive financial plan that includes Sharia-compliant investments, savings, and wealth management strategies. They can guide you in setting up emergency funds, planning for retirement, and managing assets in a permissible way.

Qard al-Hasan Benevolent Loan & Sadaqah Charity

• Community Support Systems: For immediate financial needs or risk mitigation, community-based approaches can be highly effective.
  • Qard al-Hasan: Interest-free loans provided by individuals or community funds to those in need, repaid without any additional charges. This fosters mutual support.
  • Sadaqah: Regular charitable giving can build a personal and communal safety net. While not a direct insurance mechanism, consistent charity and community engagement can provide support during unforeseen circumstances, as people are more likely to help those who contribute to the community.
• Personal Emergency Funds: Building a robust personal emergency fund from halal earnings is a primary and highly recommended alternative. This provides direct financial security without recourse to interest-based products. Financial experts often recommend saving at least 3-6 months’ worth of living expenses in an easily accessible, interest-free account.

How to Evaluate Halal Financial Products

When considering any financial product or service, especially those marketed as “halal” or “ethical,” it’s crucial to perform due diligence.

Verify Sharia Advisory Board

• Independent Oversight: A truly Sharia-compliant financial institution or product will have an independent Sharia Supervisory Board SSB or Sharia Adviser. This board consists of qualified Islamic scholars who review all products, services, and operations to ensure they comply with Islamic law.
• Transparency: Look for public disclosure of the SSB members and their qualifications. Reputable institutions will clearly state who their scholars are and, in some cases, provide their fatwas religious edicts or Sharia audit reports.
• Continuous Monitoring: The SSB’s role isn’t just a one-time approval. they continuously monitor the institution’s activities to ensure ongoing compliance. Inquire about their oversight process.

Understand the Contractual Agreements

• Avoid Riba and Gharar: Scrutinize the contracts to ensure there are no clauses involving interest riba or excessive uncertainty gharar. For instance, in an Islamic financing agreement, the profit margin for a financier should be clearly defined and derived from a legitimate trade or service, not from interest charged on a loan.
• Asset-Backed Transactions: Islamic finance often requires transactions to be linked to tangible assets. For example, in Murabaha cost-plus financing, the bank first purchases the asset and then sells it to the client at a mark-up. This avoids direct lending with interest.
• Transparency and Clarity: The terms and conditions should be clear, unambiguous, and fully understood by all parties. Hidden fees, complex derivatives, or speculative elements should raise red flags.

Examine Investment Practices

• Ethical Screening: If the product involves investment e.g., Takaful surplus funds, investment accounts, ensure that the underlying investments are screened for Sharia compliance. This means avoiding industries such as:
  • Alcohol and tobacco
  • Gambling and pornography
  • Conventional banking and insurance
  • Weapons manufacturing
  • Companies with excessive debt-to-equity ratios or non-halal income.
• Real Economic Activity: Investments should be tied to real economic activities and tangible assets, rather than speculative or purely paper-based transactions. According to principles of ethical finance, wealth should be generated through productive means.

Research the Provider’s Reputation

• Industry Standing: Investigate the provider’s history, reputation, and track record in the Islamic finance industry. Look for reviews, articles, or reports from credible sources.
• Regulatory Compliance: Ensure the provider is properly licensed and regulated by the relevant financial authorities in their jurisdiction e.g., the Financial Markets Authority in New Zealand. While regulatory compliance doesn’t guarantee Sharia compliance, it’s a baseline for legitimate operation.
• Client Testimonials with caution: While testimonials can provide some insight, rely more on independent reviews and expert opinions rather than solely on those displayed on the provider’s website.

Seek Expert Advice

• Qualified Islamic Financial Advisers: Consult with financial advisers who have specific expertise in Islamic finance. They can help you navigate the complexities, understand different products, and ensure your financial decisions align with your values.
• Scholarly Guidance: If you have doubts about a particular product or service, consult with a trusted Islamic scholar or religious authority who specializes in financial matters.

By applying these rigorous evaluation criteria, individuals can confidently choose financial products and services that truly uphold Islamic principles, providing peace of mind and genuine benefit.

Assureme.co.nz Pricing

Based on the Assureme.co.nz website, there is no public information available regarding their pricing structure. This is a common approach for financial advisory services, as their fees often depend on the complexity of the client’s needs, the type of insurance coverage or financial product recommended, and the service model e.g., commission-based, fee-for-service, or a hybrid.

Why Pricing Isn’t Publicly Disclosed

• Customized Solutions: Financial advice and insurance are highly personalized services. The cost can vary significantly based on factors like age, health, lifestyle, desired coverage amounts, risk profiles, and investment goals.
• Commission-Based Models: Many insurance advisers operate on a commission basis, earning a percentage of the premiums paid by the client to the insurance company. This means the client doesn’t pay a direct fee to the adviser, but the commission is embedded within the insurance product’s cost. The specific commission rates vary by product and insurer.
• Fee-for-Service Models: Some advisers charge a direct fee for their advice, either as a flat fee, an hourly rate, or a percentage of assets under management. This model can offer more transparent advice as it’s not tied to product sales.
• Initial Consultation: It is common for financial advisers to offer a free initial consultation to understand a client’s needs before discussing specific pricing or product recommendations. This allows them to tailor their proposal and cost breakdown.

What to Expect When Inquiring About Pricing

• Personalized Quote: To get an accurate understanding of costs, you would likely need to engage directly with Assureme.co.nz for a consultation. During this consultation, they would assess your situation and then provide a personalized quote for the recommended insurance policies or services.
• Explanation of Fees: A professional adviser should clearly explain how they are remunerated. This might include:
  • Commissions: If they are compensated by the insurance companies for policies sold.
  • Advisory Fees: If they charge a direct fee for their time and expertise, independent of product sales.
  • Ongoing Service Fees: For continuous advice or policy management.
• Total Cost of Ownership: It’s important to understand not just the initial premium or fee, but the long-term cost implications of any financial product. For insurance, this includes annual premiums, policy terms, and any potential increases over time.

Given the lack of upfront pricing, individuals interested in Assureme.co.nz’s services would need to contact them directly for a detailed discussion about their financial situation and to receive a tailored proposal that includes cost information.

From an ethical standpoint, it is always advisable to get a clear and detailed breakdown of all costs and remuneration methods before committing to any financial product or service.

How to Cancel Assureme.co.nz Subscription

Based on the information available on the Assureme.co.nz website, there is no direct mention of a “subscription” service in the traditional sense like a monthly membership fee for access to content or tools. Instead, Assureme.co.nz operates as a financial advisory firm that helps clients arrange insurance policies. Therefore, “canceling a subscription” would likely refer to canceling an insurance policy that was facilitated or advised upon by Assureme.co.nz.

Canceling an insurance policy typically involves a process managed directly with the insurance provider, although Assureme.co.nz, as the advising broker, would likely assist in this process.

Steps to Cancel an Insurance Policy Facilitated by Assureme.co.nz

1. Review Your Policy Documents:

   • Locate all your policy documents e.g., policy schedule, terms and conditions, product disclosure statement. These documents will contain crucial information about the cancellation process, including any notice periods required, potential cancellation fees, or refund policies.
   • Note down your policy number, the name of the insurer, and the effective dates.

2. Contact Assureme.co.nz Directly:

   • As your financial adviser, Assureme.co.nz specifically Caroline Liang, as highlighted on their site would be your primary point of contact. They are best positioned to guide you through the cancellation process for policies they arranged.
   • Contact Information: Look for their phone number or email address on the Assureme.co.nz website. The site provides a contact form, but a direct email or phone call for such a critical matter is often more efficient.
   • Clearly State Your Intention: Inform them that you wish to cancel a specific insurance policy. Be prepared to provide your personal details and policy number.

3. Understand the Implications:

   • Before canceling, discuss with your adviser the implications of terminating the policy. This might include:
     • Loss of Coverage: You will no longer be protected against the risks the policy covered.
     • Potential Refunds: Some policies may offer a pro-rata refund of premiums for the unused portion of the coverage period, especially if you cancel mid-term. Others might have specific cancellation fees.
     • Future Needs: Ensure you have alternative coverage if needed, especially for critical areas like health, life, or property.

4. Formalize the Cancellation with the Insurer:

   • While Assureme.co.nz can assist, the actual cancellation is typically processed by the insurance company that issued the policy.
   • You may be required to submit a written request email or letter directly to the insurer, confirming your intention to cancel. Your adviser can help you draft this or tell you the exact procedure.
   • Ensure you receive a confirmation of cancellation from the insurance company. This document is crucial for your records.

Important Considerations:

• Cooling-Off Period: Many insurance policies have a “cooling-off period” e.g., 14 or 30 days after you purchase the policy, during which you can cancel without penalty and receive a full refund. Check your policy documents for this clause.
• Alternatives: If you are canceling because you are seeking Sharia-compliant alternatives, ensure you have a Takaful plan or other permissible financial protection in place before terminating your existing conventional policy to avoid any gaps in coverage.

Since Assureme.co.nz primarily facilitates traditional insurance, the cancellation process would follow the standard procedures for such policies, guided by the specific terms of your contract with the insurance provider.

How to Cancel Assureme.co.nz Free Trial

Based on the content available on the Assureme.co.nz website, there is no indication or mention of a “free trial” for any service or product. Assureme.co.nz operates as a financial advisory firm, connecting clients with insurance policies rather than offering software, subscriptions, or informational services that typically come with free trials.

Therefore, if you are looking to cancel a “free trial” associated with Assureme.co.nz, it is highly probable that:

1. There isn’t one: The concept of a free trial does not apply to their business model. They provide consultations and facilitate insurance policies, which are typically initiated after direct engagement and agreement.
2. It might be a misunderstanding: You might be confusing Assureme.co.nz with a different service or platform that offers a free trial. It’s advisable to double-check the name of the service you signed up for.
3. It refers to an initial consultation: While not a “free trial,” many financial advisers, including Assureme.co.nz implied by their “Learn More” and contact prompts, offer an initial consultation without charge to discuss your needs. This is a preliminary meeting, not a trial of a paid service. There would be nothing to “cancel” as no ongoing service or subscription is initiated at this stage.

Action to take if you believe you have a “free trial” with Assureme.co.nz:

• Review Your Records: Check your emails, bank statements, or any sign-up confirmations to identify the exact service you subscribed to and its provider.
• Contact Assureme.co.nz Directly: If you are certain you interacted with Assureme.co.nz and believe you are on a “free trial,” the best course of action is to contact them directly. Use the contact information provided on their website phone or email to clarify the situation. Be prepared to explain what you signed up for and why you believe it’s a free trial.

It is highly unlikely that Assureme.co.nz offers any service that would require a “free trial” cancellation process.

Their core business model revolves around personalized financial advice and brokering insurance policies, which are typically initiated through a formal agreement rather than a trial period.

Assureme.co.nz vs. Ethical Financial Advisors/Takaful Providers

When comparing Assureme.co.nz with ethical financial advisors or Takaful providers, the fundamental difference lies in their operational frameworks and adherence to specific ethical and religious principles.

Assureme.co.nz operates within the conventional financial system, while ethical financial advisors and Takaful providers adhere to Sharia principles, aiming for financial dealings that are permissible and beneficial according to Islamic law.

Assureme.co.nz Conventional Financial Advisory

• Model: Operates as a traditional financial advisory firm, offering risk management and insurance solutions within the conventional framework.
• Revenue Generation: Likely derives revenue through commissions from insurance companies for policies sold or potentially through direct fees for advisory services. These commissions are often tied to interest-based insurance products.
• Investment Practices: Premiums collected by the insurance companies they partner with are typically invested in a mix of conventional assets, including interest-bearing bonds, stocks in non-compliant industries, and other financial instruments that may contain elements of riba interest and gharar excessive uncertainty.
• Transparency Sharia Compliance: No explicit mention of Sharia compliance or ethical screening of products. The focus is on standard financial metrics and professional qualifications within the mainstream industry e.g., MDRT.
• Risk Transfer: The core of conventional insurance is the transfer of risk from the insured to the insurer for a premium. This transfer, particularly when coupled with speculative investments and interest, raises concerns in Islamic finance.

Ethical Financial Advisors / Takaful Providers Sharia-Compliant

• Model:
  • Ethical Financial Advisors: Specialize in guiding clients toward financial products and strategies that align with Islamic principles. This includes advising on halal investments, ethical banking, and Sharia-compliant wealth management.
  • Takaful Providers: Offer an alternative to conventional insurance based on mutual cooperation ta’awun and shared responsibility. Participants contribute to a fund with the intention of assisting fellow participants in times of need.
• Revenue Generation:
  • Ethical Financial Advisors: Typically charge a fee for their advice fee-for-service model or receive commissions from Sharia-compliant product providers e.g., Takaful operators, halal investment funds. The emphasis is on transparent and permissible earnings.
  • Takaful Providers: Earn income through a management fee for administering the Takaful fund. Any surplus in the fund after claims and expenses is often distributed back to participants or retained for the fund’s stability, rather than solely accruing to shareholders.
• Investment Practices:
  • Ethical Financial Advisors: Recommend and facilitate investments only in Sharia-compliant assets, avoiding interest, gambling, and industries deemed impermissible e.g., alcohol, tobacco, conventional banking.
  • Takaful Providers: Invest participant contributions strictly in Sharia-compliant instruments e.g., Sukuk, halal equities, ethical real estate. This ensures that the growth of the fund is from permissible sources.
• Transparency Sharia Compliance: They explicitly state their adherence to Sharia principles and often have an independent Sharia Supervisory Board SSB to ensure ongoing compliance. This provides a layer of accountability and assurance for Muslim clients.
• Risk Sharing: Takaful operates on a risk-sharing model, where participants mutually agree to help each other, rather than a pure risk transfer model. This aligns with the Islamic concept of brotherhood and collective well-being. Any contributions are considered tabarru’ donation for mutual aid.

Key Distinctions in Summary:

Feature	Assureme.co.nz Conventional	Ethical Financial Advisor / Takaful Provider Sharia-Compliant
Underlying Principle	Risk Transfer, Interest-Based Riba	Mutual Cooperation, Risk Sharing, Avoidance of Riba and Gharar
Investment of Funds	Conventional investments may include interest, impermissible industries	Sharia-compliant investments halal equities, Sukuk, ethical real estate
Advisory Oversight	Regulatory bodies, professional associations e.g., FMA, MDRT	Regulatory bodies + Independent Sharia Supervisory Board SSB
Profit Distribution	Profits to shareholders of insurer	Surplus often shared with participants Takaful, or profit from halal trade/services Advisors
Target Audience	General public	General public, specifically those seeking ethical/Sharia-compliant options

For individuals prioritizing adherence to Islamic financial principles, engaging with ethical financial advisors and Takaful providers is the more appropriate and permissible choice, as it ensures that wealth protection and financial planning are conducted in a manner consistent with their faith.

3. Frequently Asked Questions

What is Assureme.co.nz?

Assureme.co.nz is a financial advisory firm based in New Zealand that specializes in risk management and insurance coverage for individuals, aiming to protect their wealth and cashflow.

What services does Assureme.co.nz offer?

Assureme.co.nz offers financial advisory services focused on designing wealth protection plans, risk management, and facilitating various types of insurance cover.

Specific insurance product types are not detailed on their public website.

Who is Caroline Liang at Assureme.co.nz?

Caroline Liang is highlighted as the Expert Financial Adviser and the “soul of the agency” at Assureme.co.nz.

She has over 20 years of experience in finance, banking, and insurance, holding qualifications like MDRT and IDA.

Is Assureme.co.nz a direct insurance provider?

No, Assureme.co.nz functions as a financial adviser.

They assist clients in navigating various insurance options and connecting them with suitable insurance providers, rather than underwriting policies themselves.

How does Assureme.co.nz get paid?

The website does not explicitly state their fee structure.

Typically, financial advisers like Assureme.co.nz are compensated through commissions from insurance companies for policies they facilitate, or they may charge direct advisory fees.

Does Assureme.co.nz offer Sharia-compliant financial products?

Based on the information on their website, Assureme.co.nz does not explicitly mention offering Sharia-compliant financial products or adhering to Islamic finance principles. Triplemsolution.com Reviews

Their services appear to be within the conventional financial system.

Can I get a quote from Assureme.co.nz online?

The Assureme.co.nz website does not provide an online quote generation tool.

To receive a quote or discuss your needs, you would likely need to contact them directly for a personalized consultation.

Is Assureme.co.nz regulated in New Zealand?

As a financial advisory firm in New Zealand, Assureme.co.nz would be subject to regulation by the Financial Markets Authority FMA, as all financial advisers in the country must comply with relevant licensing and conduct standards.

What is the advantage of using a financial adviser like Assureme.co.nz?

The advantage of using a financial adviser like Assureme.co.nz is to receive expert guidance on complex financial products like insurance, helping you identify suitable coverage that aligns with your specific risk profile and financial goals.

How can I contact Assureme.co.nz?

You can contact Assureme.co.nz through the contact information provided on their website, which typically includes a contact form, email address, or phone number.

What should I consider before engaging with a financial adviser?

Before engaging with any financial adviser, you should consider their qualifications, their fee structure, their independence whether they are tied to specific product providers, and whether their recommendations align with your personal values and financial goals.

What are the alternatives to conventional insurance offered by firms like Assureme.co.nz?

Alternatives to conventional insurance, especially for those seeking Sharia-compliant options, include Takaful Islamic insurance, which operates on mutual cooperation and risk-sharing, and direct investment in Sharia-compliant assets with ethical financial advisors.

What is Takaful and how does it differ from conventional insurance?

Takaful is an Islamic insurance system based on mutual cooperation, where participants contribute to a common fund for mutual assistance in times of need. It differs from conventional insurance by avoiding interest riba and excessive uncertainty gharar, investing only in Sharia-compliant assets.

How can I find a Sharia-compliant financial adviser in New Zealand?

To find a Sharia-compliant financial adviser in New Zealand, you would need to research firms or individuals who explicitly specialize in Islamic finance, have a Sharia supervisory board, or are recognized by Islamic financial bodies. T-plastics.de Reviews

This may require an international search if local options are limited.

What is the role of a Sharia Supervisory Board?

A Sharia Supervisory Board SSB is an independent body of qualified Islamic scholars that reviews and approves all products, services, and operations of an Islamic financial institution to ensure their compliance with Islamic law, providing ongoing oversight.

Are there any upfront fees for an initial consultation with Assureme.co.nz?

The Assureme.co.nz website does not specify if initial consultations are free or charged.

It is common practice for financial advisers to offer a no-obligation initial meeting to discuss client needs before any fees are incurred.

What types of insurance typically involve interest riba?

Most conventional insurance policies, particularly those with a savings or investment component like some life insurance or investment-linked policies, involve elements of interest riba as premiums are invested in interest-bearing instruments.

Is it possible to cancel an insurance policy facilitated by Assureme.co.nz?

Yes, it is possible to cancel an insurance policy facilitated by Assureme.co.nz.

The cancellation process would follow the terms and conditions of your specific policy with the insurance provider, and Assureme.co.nz can likely assist you with this process.

What is “wealth protection” in the context of Assureme.co.nz?

“Wealth protection” in the context of Assureme.co.nz refers to strategies and insurance products designed to safeguard an individual’s assets, income, and financial stability against unforeseen events such as illness, disability, or other life risks.

What are the credentials of Caroline Liang mentioned on the website?

Caroline Liang’s credentials include being a qualified member of the MDRT Million Dollar Round Table, an award member of IDA International Dragon Awards in Asia, and a trusted adviser of Financial Advice New Zealand, along with degrees in Law and International Business Finance and Marketing.

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