Mortgage protection is a combination of many
insurance products, like Life Insurance, Trauma Cover, Total and Permanent
Disability Cover, and Income Protection.
You can also get stand alone mortgage repayment cover, which pays
your regular
mortgage payments if you're unable to work because of sickness or
injury.
There's an initial stand down period of at least 4 weeks before
the payments start.
Mortgage protection is very similar to other standard insurance
policies, but
because it's specifically to cover a fixed amount (the amount of
your mortgage),
there's less flexibility.
The price for mortgage protection insurance is usually similar to
standard
insurance policies. It's best to talk through your options with a
BRAVEday
adviser to find what's best for you.
How much cover do I need?
Mortgage protection cover reflects the amount of your mortgage
debt, or the
monthly repayments you need to make. In short, it depends. No two
situations are
the same, and it's always good to talk with a
BRAVEday adviser to find the best way
forward.
Take action
Contact us to talk about the life you want, and how to make sure
it happens,
no matter what.
Or, discover the five events that could stop you cold by
clicking on the Quotes & Advice link on the main menu.