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mortgage protection insurance

Get mortgage protection insurance here compare 8 major mortgage protection insurers

Protect your home with Mortgage Protection Insurance and save money with us

We bring you the best priced mortgage protection available in the market

Mortgage protection insurance will pay out the money you need to look after the mortgage, and safeguard your most important belonging… your home

Not all Mortgage Protection policies are the same, find out which policies are the best in the market

We get claims paid when you need it, we want our clients to get the most they can from their mortgage insurance

Don’t waste your time looking through many websites if you want the best policies at the best prices and someone who will look after you for many years to come then….

Fill in the form and get quotes and information for MortgageProtection Insurance.

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We quote and organise your Mortgage Protection Insurance with these insurers

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Why Buy Mortgage Protection insurance from Ease

The insurance services we provide are designed to ensure that our clients get the very best deals possible, whatever their personal situations or requirements may be. If you like the idea of being able to safeguard your family’s future no matter what may happen to you, by keeping a roof over their heads, mortgage protection insurance from New Zealand insurers is something that will definitely be of interest to you. However, because there are many different types of policies, each with their own unique benefits, you will need to choose your mortgage protection insurance carefully if you want to ensure that it offers comprehensive protection for you and your family. We can guide you through the maze of products currently available and help to ensure that you get exactly what you need.

 

Your Mortgage Protection Insurance Auckland Experts

We have a team of highly experienced professionals who specialise in this type of insurance, enabling us to pinpoint suitable policies and obtain competitive quotations in no time at all. If you would like to arrange mortgage protection insurance in New Zealand as quickly as possible, you will not find a more efficient broker than us. Call or email us today to tell us what you need and our experts will make sure they find the perfect policy for you without delay.

 

We Make Arranging Mortgage Insurance a Simple Task

From soliciting competitive quotes for mortgage protection insurance in NZ to organising the cover you need and making sure your claims are paid on time, we offer a full range of services to our clients in all areas of the country. We promise that we will always be there to help and support you when you most need us and we will do whatever it takes to protect your interests and get you the best deals possible on the policies you require.

To find out just why so many people trust the mortgage protection insurance Auckland experts at Ease to look after their interests, get in touch with us today. You will not be disappointed with the service you receive!

Get your mortgage protection quotes now


We quote and organise your Mortgage Protection Insurance with these insurers

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Not sure about Mortgage protection? Don’t know which insurance company to take ? We are here to help

Click here to get QUOTES and we’ll call you back to explain and answer any questions you may have about mortgage protection insurance

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Mortgage Protection Insurance will keep a roof over your families head and keep your most important asset

Have you ever thought about what would happen to your house if you became unable to work for a long period of time.  Would you have enough money to keep your home loan payments up to date?

What would happen if you were no longer around? How would your family be able to afford to keep the house if there is still money owing on it ?

You’re probably on this page because you have a mortgage or are about to get one. It makes good financial sense to have a solid financial plan in case the worst should happen.

Having Mortgage Protection Insurance will safeguard your home and make sure you can keep it when things go wrong.

Mortgage Protection Insurance will do one or both of the following.

  • Pays you a monthly amount so you can keep the Mortgage Payment up to date if cannot work due to sickness or injury
  • Pays out a lump sum so your home loan is repaid should you were to pass away

 

The Facts:

  1. Each day, Four working NZer’s will have a stroke and cannot work
  2. One in eight males and one in twelve females over the age of 30 will die before they reach age 65.
  3. Over the past five years, one in seven households has experienced a serious illness resulting in an inability to work for three months or more.
  4. After sick leave and annual leave have been used, it would only take one month for 55% of Kiwi households to be unable to pay their expenses.  Are you one of these households ? Mortgage Protection Insurance will pay your mortgage payments if you cannot work due to Sickness or Injury (or redundancy optional).
  5. Most people only get 5 paid sick days per year, if you are too sick to work your employer will stop paying you when you run out of sick pay,
  6. No-one will pay you if you are self employed and are not working.

If you are sick and not working it is it likely that you will not be able to make the monthly mortgage payment.

Your bank will only be your friend for a little while before they start to make formal demands on you to catch up on any missed payments.

 


What will my bank do if I get behind on my mortgage payments ?


 If you cannot catch up on missed mortgage payments the bank will then proceed to sell your house, this is known as a “Mortgagee Sale”.
DO NOT BE FOOLED, the banks do actually do this even when people are sick. This is not something you would want to face when you are unwell.

If you can’t pay your mortgage you are likely to get a bad credit rating and eventually the bank will sell your house, this will affect your ability to borrow money or get another mortgage in the future.

Mortgage Payment Insurance will pay your mortgage even if you are receiving A.C.C. (ACC only pay 80% of your income).

When does Mortgage Protection Insurance Start Paying my MortgageYou have to be unable to work for a period of time before Mortgage payment protection insurance starts paying your mortgage.  This is called the waiting period and can be either 1,2 or 3 months.

The wait period is the length of time you have been unable to work in your current job.
(All Mortgage Protection Insurance arranged with us is based on being able to work in your normal job which is different to being able to do any job)
A longer wait period will make the cost of mortgage protection insurance lower.

 


 How long will my Mortgage Protection Insurance pay my mortgage for?


You have to decide how long you want the policy to keep paying you, this is decided when you arrange to policy.
The policy will continue to pay you until you are able to return to work in your usual occupation.

When arranging the policy you have to decide what length of time it is set to pay you for.  This can be up to 2 years, up to 5 years or even to age 65 or 70.

This is the length of time your mortgage protection insurance NZ will keep on paying while you are unable to work.

 


Can you afford to be uninsured ? The first stage is to get quotes for Mortgage Payment Insurance


Mortgage Life Insurance (Pay off the mortgage if you die)

This will pay off your mortgage if the insured person were to die due to Sickness, Accident or Terminal Illness (where your Doctor says you will not live beyond 12 months) A mortgage is approved by the bank based on all the borrowers being able to work, if any of those borrowers were to die then the mortgage needs to be paid back to the bank.

Without Mortgage Life Insurance you or your family may be left having to sell the house if there was an unexpected death. Can you imagine what that would be like for your family ?

Mortgage Protection Insurance is the solution and provides you with certainty if the worst happens. Start with your Mortgage Protection Quotes Now

 


What is mortgage protection insurance?


Mortgage protection insurance (MPI), is also called mortgage payment protection insurance (MPPI) or also Mortgage Repayment Insurance (MRI). It’s the same as life insurance and allows you to  pays your mortgage if a certain event, such as death, disability or job loss occurs. The cost of mortgage insurance depends on factors such as the amount of your mortgage and your age and health. For disability MPI, costs also vary depending on your occupation.

Many people confuse Mortgage Protection Insurance with Mortgage Insurance charged by the banks on Low Equity Home Loans. You are required by the bank to pay a Low Equity Fee if you put less than 20 percent down to purchase your home,. It has nothing to do with disability, job loss, or death. Low Equity Insurance pays the bank if you’re foreclosed on.

If you purchase mortgage protection insurance that pays off your mortgage when you die, the insurance company can send a cheque directly to your mortgage company, leaving your family with a home which has no mortgage. You will also receive payments to cover the mortgage payment to your mortgage company if your policy pays upon disability or job loss, but only for a certain period, typically two or five years or to age 65. There will be a waiting period before payments kick in. Disability or job-loss policies pay only the principal and interest on your mortgage. But you can add additional insurance cover to pay for living expenses and other bills that have to be paid when you are not or cannot work.

 


Rent Protection

Did you know that a mortgage protection insurance policy can also be taken out to cover the RENT?


Some of the companies we use have called their Mortgage Protection Insurance policy ‘Mortgage and Rent Protection”.  This means that you can take out a policy which will pay your rent if you are dick and disabled due to sickness and accident.

  • This policy starts paying your rent when you have been off work for more than 4 weeks, or you can take an 8 week or 13 week wait.
  • Your rent will be paid until you are able to return to work, and the policy has a maximum payment term of either 2 years, 5 years or to age 65 or 70.
  • You can also be getting payment from ACC (which is only 80% of your income) and your policy will still pay out over and above ACC.

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Case Study – Vince

Vince was a 46 year old Truck Driver, married and a father of two. Life was good, they owned a house and spent many weekends around the house enjoying the times they had. Vince then had a stroke, this was completely unexpected, fortunately he did not die. However he was rushed to hospital and was unable to work for many months. Because he’d had a stroke and for obvious medical reasons his truck driving licence was revoked.

He was now too sick to work, even if he did want to work he could not. It took over 2 years before he recovered enough to be able to work again. Several months were spent at home worried about how he could pay his mortgage, friends and family could only offer a small amount of financial help and the sickness benefit he received from the Government was used to buy food for the family. Although very understanding of the situation the bank could only wait for so long, they foreclosed on his mortgage as he had no way of making the payments, the house went to mortgagee sale and was sold for much less than market value.

There was only enough money to pay off the mortgage leaving Vince with no money, no home for his family and a bad record with his bank. If he had mortgage payment insurance they would still be in their house today.

Case Study - Vince September 30, 2015


 Get your Mortgage Protection Insurance Quote Here

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