Why are we so reluctant to take out personal insurance?

New Zealanders are among the most underinsured in the OECD, according to the Financial Services Council.

We insure our cars, our houses and our other stuff, but not what is arguably our biggest asset - ourselves.

Givealittle fundraisers for families that have hit hard times and need help have become increasingly common. But is insurance the answer, and if so, why don’t more of us have it?

Today, Nadine is digging into the specifics of insurance, and our avoidance of it, with insurance adviser Willie Moala.

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