Mortgage Protection Insurance
For many consumers, having a mortgage means great responsibility with the need to have a sustainable cash flow to fund this, but what happens if you or your family suddenly find it difficult to meet the loan repayments due to death or a serious illness? At Greenspan, we are ready and able to help you ensure that you are never forced into a position where you feel the only way out is to sell your home.
We offer our clients the peace of mind and security in knowing that their mortgage is protected no matter what happens, whether it is a sudden death or serious illness and can no longer afford to pay the home loan.
Many people already know what Life Insurance is all about, but should you be diagnosed with a serious illness or sudden fatality, mortgage protection can help assist you and your family with the financial stress ahead.
Mortgage Protection Insurance works by you being paid out as soon as it happens. It is intended to protect you, not the mortgage lender. It essentially helps you pay out your mortgage and ease the stress of financial hardship on you and your family. It helps to provide you with the dignity, control and financial support you need in stressful times.
Mortgage Protection Insurance makes sense if you are a home owner. It provides you with the assurance that if something were to happen to you, your obligations are covered and your family is supported financially.
Mortgage protection covers the below incidents:
• Terminal illness
• Living benefits – Meaning the benefit is paid if you are diagnosed with a specific serious medical condition
Although it’s not something everyone likes to talk about, it is a real fact of life that anything can happen at any time and should you or your family be in a hard position where the loan can simply no longer be paid, you would like to know that you have taken care of it and that they will be able to make ends meet during that demanding period. Having a good Mortgage Protection insurance plan in place is imperative in order to protect your assets and loved ones.
At Greenspan Home Loans, we strive to ensure that we provide the highest quality financial products and services to better the lifestyle of our customers and helping you make the right financial decision to benefit both you and your family. If you think that Mortgage Protection Insurance is something you would like to look into, please do not hesitate to contact us to obtain a free, no-obligation quote.
Call us on 1300 500 300 or fill in the form below – When You’re Ready!