What would happen if you were unable to work for a period of time or worse still, were no longer around? Would you have the resources to keep paying off your home loan, and safeguard your family’s future? If you have a mortgage, it’s a good idea to protect yourself against all eventualities.
Mortgage and home loans Auckland – Income Protection
If you get incapacitated due to accident or illness and hence cannot work, then how do you pay the bills?Income protection will replace a significant part of your income while you receive treatment and recover from your accident or illness. It gives you a continuity of your income should you suffer a short or a long-term illness, disability or other loss of income that is not covered by ACC. Certain products may even pay regardless of any ACC payments for certain specific conditions.
Mortgage Protection insurance can help cover your monthly mortgage installments or other expenses if your earning capacity is seriously affected by illness, disability or redundancy.
Insuring your income is very important because through this insurance you are directly protecting your lifestyle, your bills, your present and your future.