Have you ever thought about what would happen to your family home if you were no longer able to meet your mortgage repayments? The fact is, many homeowners are just one pay check away from losing their home. Mortgage Protection Insurance covers your mortgage repayments when you can’t: in the case of a major illness, redundancy or even death. Here’s what you need to know.
Topics: Insurance, Home Loan Protection Plan, Home Loan Advice, Mortgage Protection Insurance, Home Loan Insurance
When things are going well, it’s hard to imagine your life changing drastically. But all too often, families are left stranded when the breadwinner is unable to continue working. With the start of a new year, it’s a good time to take a closer look at your insurance cover. Would your family manage financially if you were unable to continue working? How would you pay your mortgage or rent? And how much insurance cover do actually you need?
Topics: Insurance, Income Protection, Mortgage Repayment Cover, Health Insurance, Life Cover, Trauma cover, Total or Permanent Disablement Cover
Most people are pretty savvy when it comes to ensuring their valuable possessions, like a car, house or boat, because not insuring them means taking a sizeable financial risk. In fact, around 95 per cent of New Zealanders are covered against loss due to disaster, accident or theft. But when it comes to life insurance, many have little or no insurance cover. Are you covered? Here are seven insurance mistakes you could already be making.
Topics: Insurance Advisers, Finance Update, Insurance, NZ Finance
