- World Wide cover
- Recurrent Disability Benefit
- Vocational Training Benefit
- Home modification of Equipment Support.
- Waiver of Premiums
- Suspension Cover Benefit
- Back to work payment
Protect your mortgage and rent payments
Mortgage protection cover can provide you with a regular monthly mortgage payment if you are unable to work due to sickness or injury.
Why Mortgage Protection?
For many people their house is their most valuable asset. If you are unable to work due to an illness or injury, Mortgage Protection Cover can provide you with regular monthly payments so you won’t be worried about your mortgage or rent payments when you would be better off focused on regaining your Independence.
- You can choose to cover up to 115% of your contractual mortgage repayments on your residential property.
- Up to a maximum of 45% of your gross income.
No offsets apply. Mortgage protection does not have ACC offset.
The length of time between you becoming disabled and the time when you are eligible to receive a claim payment can vary to suit your personal requirements. Longer waiting periods can decrease yourmonthly premiums. We can offer waiting periods from 4- 104 weeks.
Benefit Payment Periods
You can select the amount of time you receive payments. Selecting a shorter benefit payments period can decrease your premiums. We can offer from 1 - 5 year payment periods with options for your policy to end at ages 65 or 70 years old.
If you are made redundant, you’ll be covered with monthly payments for up to six months.
Retirement Protection (KiwiSaver)
Under this benefit you can keep contributing to your KiwiSaver while you’re on a Total Disability claim, helping you to continue receiving the member tax credit. This contribution is an addition to your monthly benefit.
Mental Health Limitation
This option will reduce your premiums and you will receive payments for only two years throughout the life of your policy should you make a claim for mental health.
Dependent Care Benefit
This option will provide you with a proportion of a monthly benefit should you need to give up work to provide full-time care for a relative who can no longer take care of themselves because of total disability.
Your sum insured will increase every year according to the CPI, (New Zealand Consumer Price Index). This helps your sum assured stay in line with inflation.