Learn about protection
Having enough protection to meet your ongoing financial commitments is an important part of planning for your future. It's really important when you have a mortgage.
You may already have protection for your car, your home, your contents and any other big possessions.
But what about the one thing that pays for all those possessions? What about protection for your greatest asset...yourself?
Protection is something a lot of people spend very little time thinking about...until they need it.
If you or your partner (if you have a joint mortgage) died would someone be able to pay off what's left of your mortgage? If you die, life protection may help pay off what's left of your mortgage and any other debts and leave something behind for your family.
For life protection, your family or your nominated beneficiary will receive a lump sum payment if you die.
If you couldn't work because of injury or illness, could you keep up with your mortgage repayments? If you can't work because of injury or illness, income protection may help you keep up with your financial commitments while you get back on your feet.
For income protection, you will receive a monthly payment (for a maximum of 12 months, if you can't work because of injury or illness for more than 30 days. |
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