Hi, I’m Willam Costall! I'm an Insurance designer
MY DISCLOSURE STATEMENT
Please refer to https://www.insurancenetwork.co.nz/public-disclosure/ for the primary disclosure statement.
Licencing InformationInsurance Network Limited (T/A Insurance and Mortgage Network) (FSP447546) holds a Financial Advice Provider license issued by the Financial Markets Authority to provide financial advice.
Identifying InformationI am a Financial Adviser trading as Insurance and Mortgage Network (iNSNET, we, our, us). My details are as follows:Name: William Costall FSP Number: 621909Phone: 0800868467Email: william@insurancenetwork.co.nz My company details are as follows:Company Name: Insurance Network LtdFSP Number: 447546Phone: 0800868467Email: info@insnet.co.nz Nature and Scope of the AdviceI will only provide you with financial advice from a wide range of New Zealand based and overseas providers for: • Personal insurance (risk), including health insurance• Business Insurance (risk), including Key Man cover • KiwiSaver When providing you with financial advice I may consider:(a) insurance products that you currently have; (b) insurance products that you don’t have;(c) your budget and/or financial position; (d) your identified or stated insurance needs;(e) suitability of the products for you; If I recommend changing any insurance products you currently have, I may notify you of the important differences and benefits between them. I may help identify or narrow down your choices, or suggest what you could do. However, the final choice is yours.
Reliability HistoryNeither iNSNET nor I have been subject to a reliability event. A reliability event is something that might materially influence you in deciding whether to seek advice from me or from iNSNET. As an example, it would include legal proceedings against me, or if I had been discharged from bankruptcy in the last four years.
Fees and ExpensesShould you proceed with my financial advice and I arrange insurance for you, then a fee for implementing my financial advice may be charged. While I am unable to provide you with an estimate of the fee at this time, I will confirm this with you in my recommendation. There are no other fees at this time, however if you cancel the insurance (risk) part way through the insurance period of 24 months the commencement of the insurance policy, iNSNET will charge the total commission clawed back from the insurer. Conflicts of Interest and IncentivesWhen we arrange insurance for you, the provider(s) may pay iNSNET a commission. The amount of the commission varies between providers and products. For Fire and General Insurance, the amount of commission is based on the Company and Natural Disaster Premium and can range from 7% - 30%, depending on the insurance product involved. For Life and Health Insurances the amount of commission is between 10% and 230% of the first year’s premiums of your policy – the amount depends on which insurance company and which insurance policy you choose. iNSNET will also receive a commission of between 4% and 30% of the premium for each year the policy remains in force. For mortgage and premium funding loans we are paid a commission up to 2% of the total loan amount or interest charged on the term of the funding loan. I, follow an advice process that ensures my recommendations are made on the basis of the client’s goals and circumstances. I undergo annual training about how to manage conflicts of interest. For all transactions, I will provide a remuneration disclosure at the time of providing you advice if my remuneration is known. This will include a breakdown of the commission and any applicable administration fee for our services rendered. I don't get paid an incentive if you take a product I recommend. However, a portion of my commission is determined by the performance of iNSNET and/or my team and by the quality of my work.
Duties InformationiNSNET and anyone who gives financial advice on their behalf has duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice. We are required to:• give priority to your interests by taking all reasonable steps to make sure our advice isn’t materially influenced by our own interests; • exercise care, diligence, and skill in providing you with advice;• meet standards of competence, knowledge, and skill as set by the Code of Professional Conduct for Financial Advice Services. These are designed to make sure that we have the expertise needed to provide you with advice;• meet standards of ethical behavior, conduct, and client care set by the Code of Professional Conduct for Financial Advice Services. These are designed to make sure we treat you as we should and give you suitable advice; This is only a summary of the duties that we have. More information is available by contacting us, or by visiting the FMA website here. https://www.fma.govt.nz/
I checked your understanding of my adviceI asked, and you confirmed you understood the information I had given you.
Where to get more informationIf you have a question about anything in this disclosure statement or want to talk to one of our team at iNSNET, please call 0800 868 486.
Complaints processI have to meet strict legal duties when providing financial advice, our website has information about these duties. If needed, our website has information about our internal complaints process, how to make a complaint, and our free, independent dispute resolution scheme. Please refer to our Internal Complaints Process that can be found here.https://insurancenetwork.co.nz/complaintspolicy/
Identifying InformationI am a Financial Adviser trading as Insurance and Mortgage Network (iNSNET, we, our, us). My details are as follows:Name: William Costall FSP Number: 621909Phone: 0800868467Email: william@insurancenetwork.co.nz My company details are as follows:Company Name: Insurance Network LtdFSP Number: 447546Phone: 0800868467Email: info@insnet.co.nz Nature and Scope of the AdviceI will only provide you with financial advice from a wide range of New Zealand based and overseas providers for: • Personal insurance (risk), including health insurance• Business Insurance (risk), including Key Man cover • KiwiSaver When providing you with financial advice I may consider:(a) insurance products that you currently have; (b) insurance products that you don’t have;(c) your budget and/or financial position; (d) your identified or stated insurance needs;(e) suitability of the products for you; If I recommend changing any insurance products you currently have, I may notify you of the important differences and benefits between them. I may help identify or narrow down your choices, or suggest what you could do. However, the final choice is yours.
Reliability HistoryNeither iNSNET nor I have been subject to a reliability event. A reliability event is something that might materially influence you in deciding whether to seek advice from me or from iNSNET. As an example, it would include legal proceedings against me, or if I had been discharged from bankruptcy in the last four years.
Fees and ExpensesShould you proceed with my financial advice and I arrange insurance for you, then a fee for implementing my financial advice may be charged. While I am unable to provide you with an estimate of the fee at this time, I will confirm this with you in my recommendation. There are no other fees at this time, however if you cancel the insurance (risk) part way through the insurance period of 24 months the commencement of the insurance policy, iNSNET will charge the total commission clawed back from the insurer. Conflicts of Interest and IncentivesWhen we arrange insurance for you, the provider(s) may pay iNSNET a commission. The amount of the commission varies between providers and products. For Fire and General Insurance, the amount of commission is based on the Company and Natural Disaster Premium and can range from 7% - 30%, depending on the insurance product involved. For Life and Health Insurances the amount of commission is between 10% and 230% of the first year’s premiums of your policy – the amount depends on which insurance company and which insurance policy you choose. iNSNET will also receive a commission of between 4% and 30% of the premium for each year the policy remains in force. For mortgage and premium funding loans we are paid a commission up to 2% of the total loan amount or interest charged on the term of the funding loan. I, follow an advice process that ensures my recommendations are made on the basis of the client’s goals and circumstances. I undergo annual training about how to manage conflicts of interest. For all transactions, I will provide a remuneration disclosure at the time of providing you advice if my remuneration is known. This will include a breakdown of the commission and any applicable administration fee for our services rendered. I don't get paid an incentive if you take a product I recommend. However, a portion of my commission is determined by the performance of iNSNET and/or my team and by the quality of my work.
Duties InformationiNSNET and anyone who gives financial advice on their behalf has duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice. We are required to:• give priority to your interests by taking all reasonable steps to make sure our advice isn’t materially influenced by our own interests; • exercise care, diligence, and skill in providing you with advice;• meet standards of competence, knowledge, and skill as set by the Code of Professional Conduct for Financial Advice Services. These are designed to make sure that we have the expertise needed to provide you with advice;• meet standards of ethical behavior, conduct, and client care set by the Code of Professional Conduct for Financial Advice Services. These are designed to make sure we treat you as we should and give you suitable advice; This is only a summary of the duties that we have. More information is available by contacting us, or by visiting the FMA website here. https://www.fma.govt.nz/
I checked your understanding of my adviceI asked, and you confirmed you understood the information I had given you.
Where to get more informationIf you have a question about anything in this disclosure statement or want to talk to one of our team at iNSNET, please call 0800 868 486.
Complaints processI have to meet strict legal duties when providing financial advice, our website has information about these duties. If needed, our website has information about our internal complaints process, how to make a complaint, and our free, independent dispute resolution scheme. Please refer to our Internal Complaints Process that can be found here.https://insurancenetwork.co.nz/complaintspolicy/
About me
I am a fresh face to the industry having only been involved for a little over four years now. I have big success not only in building my career but with my clients as well, helping them lower the costs of insuring what's important and finding the perfect coverage without going over the top. My favourite experience so far has been helping a client through a claim after he was left in the dust by his previous broker. "opportunity comes knocking". Successfully getting the client paid after a by chance meeting him was an amazing feeling.
My goal is to help as many people as I can to make logical decisions when it comes to their financial future and create a great career at the same time.
My goal is to help as many people as I can to make logical decisions when it comes to their financial future and create a great career at the same time.
High Quality
My extensive industry knowledge means I can provide you with the best policy options for your risk protection.
Good Support
No call centres, no jargon. Just a team of experienced advisors dedicated to providing a customer centric approach.
Individual Approach
With a custom-made policy, you will be confident in the knowledge that your loved ones will be taken care of in the worst-case scenario.