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Mortgage Protection Insurance

When buying a home there are a lot of additional responsibilities. 

Little things like mowing the lawns and general upkeep of the property, and then there are the big things like paying the mortgage, rates and insurance. It’s not only a commitment that affects you, but also your family. The last thing you'll want to see is your home repossessed, if for some reason you can’t meet your mortgage repayments.Keep your home safe from events outside of your control.

Ask yourself this - What would happen if you were unable to work for a period of time or worse still, were no longer around? Would you have the resources available to keep paying off your home loan, and safeguard your family’s future?
If you have a mortgage, it’s a good idea to protect yourself against all eventualities. Advanced Insurance Solutions offers a range of ways to ensure your home stays safe and in your hands.


Mortgage Protection insurance helps cover your monthly mortgage installments if your earning capacity is seriously affected by illness, disability or redundancy.

Other Mortgage Repayment plans are also available such as a recurrent disability benefit, so if the same disability or illness occurs within 12 months the waiting period is waived for the second episode. Plus, you’ll get an unemployment benefit that pays a monthly income if you become unemployed.

It’s reassuring to know that you have something to fall back on when life isn’t running so smoothly.

Mortgage Protection Insurance

Is your largest expense your Home Loan? How long did it take you to work towards owning your home?

If your household suffered a loss of income due to critical illness or disability, how would you keep a roof over your head?

In these unfortunate circumstances, income can cease or reduce but your home loan repayments don’t! Government assistance can be a struggle to apply for when you are unwell and the amount you may receive is likely to be significantly less than what you have become used to.

What is Mortgage Protection Cover?

Mortgage and Rent Cover pays you an agreed amount of money each month if you can't work in your usual job due to illness or injury. It is designed to cover your mortgage or rent payments. You can also choose to cover yourself against redundancy/bankruptcy.

Mortgage and Rent Cover pays you a regular monthly payment if you're unable to work because you're sick or injured. This is designed to ensure you can go on living in your home while you're not receiving your salary or wages.

The benefits of Mortgage Protection Insurance

Mortgage Protection Insurance provides you with a monthly payment to help you cover the bills if you’ve suffered from injury or illness. It’s easy to apply for by contacting Scott on 03 980 4541 or by email on  

Other benefits for Mortgage protection include: 

•        Receive up to 110% of your Mortgage Repayments, every month you're off work - for up to age 65.           

•        Select how long you have to be off work before you receive payments

•        Choose a payment period to suit you

•        Access to lower premiums for a longer wait period

•        In most cases no offsets against ACC and ongoing passive income 

Common questions about Mortgage Protection Insurance

How much Mortgage protection cover do I need?

The level of Mortgage protection cover you choose will depend on your needs. Things you'll need to consider:

•        Do you have mortgage payments to cover?

•        How about credit card bills or hire purchases?

•        Is your Mortgage covering all your regular spending such as groceries,
          electricity bill etc. or does your spouse or partner work and contribute

Can I use my Mortgage Insurance benefit money on anything?

If your claim is accepted, it's up to you to decide how to use the money. Maybe you'll need to cover bills - such as your mortgage, day-to-day bills, or to ensure that your family's lifestyle is less affected by your inability to work.

Can my spouse/partner be covered too?

We don't offer joint Mortgage protection cover but your spouse/partner can apply for Mortgage Protection from Cigna separately.

If you take a static Mortgage of $50,000.00 per annum for a person 30 years of age with 30 years until retirement, at 65 years of age the loss of Mortgage would be $1,500,000.00.

For more information on Mortgage Protection Insurance please contact us at Advanced Insurance Solutions so we can help you with any questions you might have, and to assist you into the best option for your personal circumstance.

To see how insurance cover would best suit you and your circumstances feel free to contact:

Shane Blummont

M: 021 343 655

Ph: 03 662 9058

Contact us to get free personal mortgage and home loan advice

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