Mortgage protection- looking after what may be your biggest Physical Asset
For most people their mortgage will be the biggest debt they will ever take on in their lives. Of course, at the same time the family may well be the biggest asset they will ever own.
Have you ever felt that your mortgage, or the prospect of one, was like a weight on your shoulders? Well, imagine how much heavier that weight would feel if you were unable to work and couldn't meet your monthly mortgage repayments. Consider that you might be forced to sell your home- something nobody wants to face when they are unwell.
Have you ever felt that your mortgage, or the prospect of one, was like a weight on your shoulders? Well, imagine how much heavier that weight would feel if you were unable to work and couldn't meet your monthly mortgage repayments. Consider that you might be forced to sell your home- something nobody wants to face when they are unwell.
Protecting your mortgage- just like protecting your income- is common sense. It's the one thing that you can do to ensure that no matter what happens to you, your family home is secure. (For more about protecting your income click here.)
For most people their greatest asset is their ability to produce an income. Protecting it is critical, and if you have a mortgage it is important to consider whether a blend of a range of disability income products might be a better option than adopting a single solution approach. As you will have seen elsewhere (click here) on this site there are other products which, taken in conjunction with each other, might prove to be better for you.
Of course mortgage protection is not just about protecting your mortgage repayments. In the event of your death or total and permanent disability with the right benefits you could settle your mortgage, providing great security for your family.
For most people their greatest asset is their ability to produce an income. Protecting it is critical, and if you have a mortgage it is important to consider whether a blend of a range of disability income products might be a better option than adopting a single solution approach. As you will have seen elsewhere (click here) on this site there are other products which, taken in conjunction with each other, might prove to be better for you.
Of course mortgage protection is not just about protecting your mortgage repayments. In the event of your death or total and permanent disability with the right benefits you could settle your mortgage, providing great security for your family.
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So what are the chances?
Please do look at the commentary on income protection as to the likelihood of your financial security being jeopardised by a disability. As mentioned the research findings released in October 2012 show that after just 4 weeks of no income more than 50% of households would be unable to meet their mortgage payments. Please also look at the information provided under trauma cover as to the serious incidence of traumatic events, particularly in the health areas of cancer, heart and stroke to see how important it is to consider how such an event could impact on you, particularly if your greatest asset- your ability to earn an income- has been limited or severely curtailed. |
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What does this mean to you?
You don't want to be put in the position of losing your home. Having the right cover in place can make an enormous difference to the financial security of you and your quality of life post such a disability happening to you. How many of those 60,000 stroke survivors in New Zealand needing significant daily support are unable to work and therefor unable to generate an income? There is no reason to put you and your family at risk by "doing it tough", or by making the mistake others have made in thinking "ACC will sort it.". If you would like help to evaluate that or see what you can do click here to email us, or call on on the numbers listed below.
You don't want to be put in the position of losing your home. Having the right cover in place can make an enormous difference to the financial security of you and your quality of life post such a disability happening to you. How many of those 60,000 stroke survivors in New Zealand needing significant daily support are unable to work and therefor unable to generate an income? There is no reason to put you and your family at risk by "doing it tough", or by making the mistake others have made in thinking "ACC will sort it.". If you would like help to evaluate that or see what you can do click here to email us, or call on on the numbers listed below.
