01
Life cover
Generally designed to provide a lump sum if you die, subject to the policy terms.
Mortgage protection insurance
Protect the mortgage and the people paying it.
Mortgage protection is a useful way to think about the financial impact of death, serious illness or being unable to work. It is not one policy: life, income, trauma and disability cover each have a different role.
The building blocks
One mortgage. Different risks.
A mortgage does not disappear if life changes. The right approach starts by separating the risks: death, a serious illness, a temporary inability to work and permanent disability can each affect a household differently.
We help people understand how their existing life insurance, income protection and trauma cover fit together before discussing any changes.
02
Income protection
Generally designed to provide a monthly benefit while you are unable to work, subject to the policy terms.
03
Trauma and disability cover
May provide a lump sum for a covered serious illness or permanent disability, subject to the policy terms.
A practical review
Start with the commitments already in place.
A useful review looks at the mortgage, other household costs, income sources, sick leave, savings and existing cover. It should also distinguish between cover intended for a short absence from work and cover intended for a permanent loss or a serious diagnosis.
The aim is not to add every possible policy. It is to understand the gaps and the trade-offs before making a decision.
Questions people ask
General information before a proper review.
Is mortgage protection a separate type of insurance?
Not usually. It is a common description for considering life, income, trauma and disability cover around mortgage commitments. The policy types and their terms are different.
How much cover should I have?
That depends on the mortgage, other debt, household income, savings, dependants and the purpose of the cover. A financial adviser can help you consider those factors, but general information cannot determine an appropriate amount for an individual.
Can I review cover after refinancing?
Yes. Refinancing, a new home, a change in household income or a change in family circumstances are all sensible times to review how existing cover works with the mortgage.
See how your existing cover works around your mortgage.
Start with a no-obligation conversation about your current policies and household commitments.