Mortgage Protection Insurance
Mortgage protection is essentially a life insurance package that's tailored to cover at least the cost of your mortgage repayments. Most mortgage protection plans usually include income protection, total and permanent disability (TPD) or trauma cover in the package, so that no matter what happens, your family home is safe.
You may have been offered a package when you took out your home loan, but it's worth shopping around for a better deal. Lenders often get kickbacks when you purchase mortgage protection with your home loan, which means you pay extra. When you compare policies through Lifebroker, you'll see the different features every insurer offers at their best price for your circumstance.
Get a quote with Lifebroker to find out how much you could be saving. Find out more: