What is Mortgage and Rent Insurance?
Mortgage and Rent Insurance will give you regular monthly payments if you’re unable to work due to illness or injury. And your payments won’t be affected by any ACC support you receive.
There are several ways Mortgage and Rent Insurance can be used:
Residential property - can cover up to 110% of your mortgage repayments, this allows a little extra to help with rates, insurance or maintenance
Investment property – can help you cover mortgage payments on your investment properties
Your rent – can help you cover your rent payments
Mortgage and Rent Insurance benefits
Pays you a monthly benefit if you become totally disabled and can’t work
Pays you a monthly benefit if you become totally disabled and remain partly disabled over time
Pays you a monthly benefit if you suffer the same sickness or disabled within a year
Allows you to claim again if you suffer a related sickness or injury
Rehabilitation and retraining support
Helps you with your rehabilitation and retraining costs
Pregnancy premium waiver
We’ll pay your premiums if you become pregnant
The above information is about the Asteron Life product on 19/03/2018. There are also optional benefits not noted here.