Home Loan Repayment Insurance

If you are unable to work because you’re sick and it isn’t the result of an accident—which means no ACC—how can you afford to keep paying your mortgage? Having a long-term savings plan can help, but to start getting cover right away you may need Home Loan Repayment insurance. 

Designed specifically to cover your mortgage costs when you’re unable to, Home Loan Repayment Insurance to cover your loan repayments. With this cover, you can choose a 30, 60, or 90-day stand-down period and a 2-year, 5-year or to age 65 benefit period. Having this cover means that your mortgage will continue to be paid so you can keep your home. 

One thing to keep in mind with this type of insurance that if you’re receiving ACC payments, you can still receive a pay out when the conditions are met. We recommend covering 45% of your income, so that when combined with ACC you still get the cash flow that you are used to. Keeping your home is important. Talk to us today so we can help make that happen. 

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