That means no income. As well as medical and rehabilitation bills, your mortgage and other bills are still going to have to be paid. That’s where mortgage protection cover comes in.

Key Benefits of Mortgage Protection:

• Monthly benefit payments designed to cover mortgage payments on your behalf during treatment and recovery
• Special assistance at home – if you suffer a disability and require full-time care at home, your mortgage cover benefit will reimburse you the cost of a carer for up to six months (up to certain limits).
• Special equipment or home modifications – if you need to purchase specialised equipment, prosthetic devices or make alterations to your home or vehicle as a result of a disability, your mortgage protection cover will reimburse those costs (up to certain limits)
• Specific injury cover – payment of a monthly benefit for a specified minimum period, regardless of whether or not you return to work within that time frame if you suffer from a covered specific injury. If your injury prevents you from working for longer than the specified minimum period, the normal monthly benefit will continue to be payable.
• Specific illness cover – payment of a monthly benefit for a specified minimum period, regardless of whether or not you return to work within that time frame if you suffer from the following specific conditions:

If your disability lasts longer than six months the normal monthly benefit will continue to be payable.

Mortgage protection cover gives you the flexibility to structure your plan to suit your needs. You have a choice of 6 waiting periods (the period of time before your monthly benefit begins after becoming ill or disabled). You also have a choice of two cover terms, either to age 65 or 70, and six payment term options of three, six or twelve months, two or five years, or to the end of the cover term.

I can will assist you to understand the implications of these options to enable you to make the best choice for your personal circumstances. Mortgage protection will continue to cover your mortgage payments even if you are on ACC.

Optional Redundancy Benefit:

This product can only be taken under the Mortgage Repayment cover or House hold expenses cover it is not a standalone product but an option…

You have the option to purchase the redundancy benefit which will provide for up to six months of mortgage repayment being paid on your behalf in the event that you are made involuntarily redundant by your employer (up to certain limits). This option is not available for payment terms shorter than six months.