Blog Post
Mortgage Protection Insurance
- By Priscilla Chandra
- •
- 31 Oct, 2017
Most of us have insurance to manage the major financial risks in our lives. Usually these include house and contents insurance to cover for fire and theft; car insurance in case of an accident and life assurance to provide for our loved ones.
Loan Protection Insurance is often overlooked; but it is so important that it is a compulsory requirement of ASIC for Mortgage Brokers to discuss this insurance with clients.
Loan Protection Insurance includes the following benefits:-
Involuntary Unemployment: Pays up to $2,500.00 per month for up to three months.
Critical Illness: Covers life-threatening and other serious medical conditions.
Death and Terminal Illness: Pays a benefit up to $1,000,000.
As your Broker, I understand how hard you have worked to buy your home. Unfortunately, unforeseen life events could impact your ability to meet mortgage repayments. Events such as losing your job involuntarily, medical conditions, inability to work through sickness, accidents or death. It is important to be prepared, and that is where I may be able to help you manage these risks.
FundSmart can arrange a Loan Protection Cover that is appropriate for your circumstances. We can provide a quote to consider. Peace of mind comes from knowing that you can meet your mortgage repayments in the face of these unexpected events. Premium rates are very reasonable and you will be pleasantly surprised at how economical this insurance is. Please contact us if you have any questions.
Loan Protection Insurance is often overlooked; but it is so important that it is a compulsory requirement of ASIC for Mortgage Brokers to discuss this insurance with clients.
Loan Protection Insurance includes the following benefits:-
Involuntary Unemployment: Pays up to $2,500.00 per month for up to three months.
Critical Illness: Covers life-threatening and other serious medical conditions.
Death and Terminal Illness: Pays a benefit up to $1,000,000.
As your Broker, I understand how hard you have worked to buy your home. Unfortunately, unforeseen life events could impact your ability to meet mortgage repayments. Events such as losing your job involuntarily, medical conditions, inability to work through sickness, accidents or death. It is important to be prepared, and that is where I may be able to help you manage these risks.
FundSmart can arrange a Loan Protection Cover that is appropriate for your circumstances. We can provide a quote to consider. Peace of mind comes from knowing that you can meet your mortgage repayments in the face of these unexpected events. Premium rates are very reasonable and you will be pleasantly surprised at how economical this insurance is. Please contact us if you have any questions.
