Mortgage Protection
> Mortgage Protection
Owning you own home is one of lifes great achievements, but it’s also one of the largest financial commitments you’ll make. Mortgage protection protects your ability to repay your mortgage. Mortgage Protection can contain a mix of Life Insurance, Mortgage Repayments, Permanent Disability, Trauma and health Insurance. This is a great way of securing your home, bach or block of residential land and is usually cheaper than a full income protection policy.
Some of the highlights of Mortgage Protection include:
- Repayments until age 65 regardless if your Mortgage is paid off during your period of disability
- No ACC offsets – (you will be paid your Mortgage Protection Benefit even if you are on an ACC claim)
- Payments after either 4,8 or 13 weeks
- Proof of Income is not required (this is particularly useful if you’re newly self employed)
How does it work?
Mortgage Protection Insurance pays your fortnightly or monthly mortgage repayments to your mortgage lender should you be unable to work due to illness or injury. Payments can start after 4, 8, or 13 weeks, depending on however long you feel you can get by without the insurance making your repayments, the longer the wait - the lower the premium.
Get Mortgage Protection today…… we’re just a phone call away….
