Benefits of mortgage protection insurance
Taking out a mortgage is, for many people, one of the largest financial decisions
they will make. For many households, the repayments are their largest monthly expense.
It is for this reason that a form of mortgage protection insurance is worth considering.
What if the income earner in your family had an accident or became ill and couldn’t
work for a while? How would your family cope with a sudden loss of income - for
what may be many months - while they got back on their feet? Without mortgage protection
insurance?
Because without mortgage protection insurance, the worry to make your repayments
is an additional pressure you and your family really don’t need.
Mortgage protection insurance can take a variety of forms. Plans are available that
cover the specific amount of your mortgage. However, life insurance and income protection
insurance are popular and flexible alternatives to a specific mortgage protection
plan. You can receive a monthly payout to help with the regular repayments and living
expenses or a lump sum payment that could wipe out the mortgage altogether – and
even pay much more – in the case of death.
Insuranceline offers these vitally important types of
life insurance and
income protection insurance and the cover is:
- Affordable : Cover is available from just under $3 per week. That’s about the cost of a cup of coffee so just about everyone can afford some level of cover.
- Quick : You can apply in just minutes online.
- Easy : No complex forms and usually no medical exams.
- You're in control Choose your level of cover. Life insurance cover is available up to $1,000,000 and income protection insurance is available up to 75% of your monthly income.
If you want to safeguard your mortgage payments, with the flexibility to cover other living expenses, consider the
life insurance or
income protection insurance plans from InsuranceLine