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I HAVE A MORTGAGE

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Having a mortgage is probably the biggest financial commitment in your life right now and has been the result of a lot of hard work and saving. If you would struggle to keep a roof of your head if you were unable to work, then Mortgage Protection insurance may be right for you. If you have a mortgage you may be able to insure based not only on your mortgage repayment amount, but on your income – working out what is right for your situation is best done with advice as not all Mortgage Protection insurance policies are created equal.

I DON’T HAVE A MORTGAGE

DISCLAIMER

Even if you don’t have a mortgage, you can still take out Mortgage Protection insurance. Mortgage Protection has evolved over the years to allow policies based on your income, not just your mortgage repayments. If you rely on your income to cover everyday living costs or you have a family to provide for, Mortgage Protection could help you survive if you were unable to keep working. If you would like to look at your options and compare prices, get in touch with us now or read about the difference between Mortgage Protection and Income Protection here.

Julie Bach
Julie Bach
05:58 25 Nov 21
Kyle is very good at explaining through the complex policies and he is very patient. Great personality and always responsive to questions. Highly recommend him.
steve dame
steve dame
00:52 25 Nov 21
Easy to talk to, very helpful, thanks heaps Paul
Michael Broughton
Michael Broughton
10:01 22 Nov 21
I used insurance comparison site to get an indication of options. Blake Sutton subsequently contacted me, introduced himself , explained his remuneration and gave me insurance suggestions to suit my needs. We had two follow up calls and Blake took time to meet me personally to review product I had chosen. Thoroughly professional, up front and honest about his recommendations.
sushil
sushil
01:03 21 Nov 21
i have got the honest comparisons and suggestion on the life insurance requirement and quote . Happy with the overall service
Nikhie Sam
Nikhie Sam
01:47 19 Nov 21
Kyle was excellent in getting me the insurance best suited for me. Highly recommend Kyle.
RAKESH PILLAY
RAKESH PILLAY
23:55 11 Nov 21
professional and efficient service from Paul. He was informative and transparent and provided a wholesome service . greatly appreciate the service and the assistance in improving and amending our Insurance policy. Highly recommended and will definitely reach out again in the future. Thank you once again Paul for your help .Rakesh and Christine
Amelia van Aalst
Amelia van Aalst
05:19 11 Nov 21
Kyle was great, attentive, personable. I look forward to working with him next year for my review time!
Greydon Little
Greydon Little
22:49 10 Nov 21
Blake was easy to talk with and explained things well giving us confidence in his advice. Would recommend him to anyone that is new to looking at Insurances (like we were). Cheers Blake.
Nicolla
Nicolla
01:16 08 Nov 21
Kyle was a pleasure to deal with. He provided an extremely thorough but completely hassle free service. Highly recommend
Stephen Champion
Stephen Champion
02:23 30 Oct 21
Hayley is knowledgeable, helpful and not pushy. She presents the options, and assist you to get the cover you need.
Matt
Matt
06:02 28 Oct 21
I was looking to save some money on my life insurance policy and Matt came up trumps! Excellent impartial advice, delivered so the lay person can understand, happy to talk through options and to answer questions. Top service and I'd highly recommend.
KALITTA IOELU
KALITTA IOELU
20:51 26 Oct 21
Matt is easy to understand and very helpful. Also gets back promptly and is a pleasure to have him as my family's insurance broker now ☺️
Boon Wah See
Boon Wah See
03:00 22 Oct 21
Benn is a very responsive insurance broker.I like his service, friendly chap. Will recommend him to other people in the future.Thank you.Cheers,Boon See
Jazz Martin
Jazz Martin
08:08 19 Oct 21
I found Hayley great. She worked with my time schedule always communicating what's going on and answered questions. She was helpful and nice.
Stefan Rietz
Stefan Rietz
07:55 15 Oct 21
Fantastic experience and great advice. No pressure and very professional.
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Book a 30 min FREE Advice session. We will call you at an agreed time to walk you through the pros and cons of each mortgage protection policy type and will also guarantee the best the price based on your situation.

PRICE GUARANTEE

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If you have current mortgage protection insurance or have a current quote, we will guarantee a better price. If we can’t show you a better way to save money or a cheaper policy, we will give you a $200 Prezi Card – subject to terms and conditions.

ADVICE CENTRE

compare-income-protection-advice-centreIf you would like to speak with a local adviser about mortgage protection insurance, you can book a free consultation via phone or Skype by clicking the BOOK YOUR TIME button below. You will be connected with a financial adviser.

ABOUT US

Comparing mortgage protection insurance can be extremely frustrating. This site is designed to give you an idea of what policy may be best for you based on your employment and debt situation.
Comparing insurance companies alone is fine when you’re buying on price for simple insurances such as a car or house. But covering your mortgage repayments or income in New Zealand is a little different as we have ACC for self-employed and employed kiwis which should be taken into consideration when buying private cover.

We designed this site to break down the most common outcomes when buying mortgage protection. Once broken down, you will need to get online advice from one of our dedicated advisers who can help structure your cover in the most cost-effective way.

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HOW DOES MORTGAGE PROTECTION INSURANCE WORK?

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Mortgage protection insurance provides you with a monthly benefit if you are unable to continue working. For example, if you were unable to continue working due to a serious accident or illness, mortgage protection insurance could provide you with a replacement income of up to 62.5% of your pre-disability income or up to 115% of your mortgage repayments.

Whilst only 62.5% of your pre-disability income does not seem much, it is important to note that the benefit you receive from your mortgage protection benefit is net of tax. Furthermore, most Mortgage Protection benefits are not offset by ACC, so may still be entitled to receive a pay out from your insurer should you be unable to work due to an accident (note that most income protection plans are offset by ACC).

If the worst were to happen and you were unable to return to work for the long term, a mortgage protection benefit could continue to provide you with a replacement income for 1, 2 or 5 years, or even to age 70 depending upon which option you selected when you put your cover in place.

It is also prudent to remember that Government benefits are unlikely to cover your living and lifestyle expenses and that ACC only provides a replacement income if you are unable to work due to an accident. If you were faced with being unable to work due to an illness or degenerative condition, ACC would be of no use in this situation – could you continue to survive with little to no access to Government assistance? If you do not have access to extensive savings and you have financial commitments, it may be time to look at your mortgage protection options.

Across insurance companies there are various names for mortgage protection insurance benefits. Some benefits are referred to as mortgage and income protection, mortgage and living cover and even mortgage and rent cover. Also, in the event of a claim some providers pay your cover directly to the bank you hold your mortgage with and some pay directly to you. Essentially, all provide a replacement income in the event that something goes wrong, but finding which product and provider is best suited to you depends on factors such as whether to not you have a mortgage, if you are an employee or self-employed and even what bells and whistles you may prefer.

No matter what type of mortgage protection benefit you select, it is important to seek professional advice as not all policies are created equal and you want to ensure that you understand what you are and are not covered for. This means you’ll still be able to meet your financial commitments and make choices that are important to you.