Lifetime Announces Strategic Partnership with Rothbury Group - Scoop
Lifetime Announces Strategic Partnership with Rothbury Group - Scoop
One of New Zealand’s strongest financial services businesses was created today following the announcement by Lifetime Group of its national strategic partnership with insurance brokerage Rothbury Group Limited.
The deal involves three key transactions, including an exchange of assets and expertise. This includes:
• Lifetime taking over Rothbury Life (Rothbury’s life insurance and mortgage division).
• Rothbury acquiring Lifetime’s General Insurance Brokerage.
• Rothbury purchasing a 19.5% ‘cornerstone’ of Lifetime shares.
The magic of the managed fund
Let’s talk about shares for a minute. No matter how you invest, there are really just two ways to make money from owning shares:
1. You receive a slice of the profits (called dividends), or
2. You sell your shares to someone else for more than you paid (that’s capital gain).
That’s it. Anything else is simply a different way of packaging those two outcomes.
What is Life Insurance?
Life insurance is one of those things that many people know they should probably have but they’re not quite sure what it does, how it works, or whether it’s actually relevant to them. This article breaks it down in clear, everyday terms to help you understand the basics before you decide if it’s something worth exploring further.