:: Mortgage Protection Insurance

PROVIDING PROTECTION FOR YOUR MORTGAGE

An important step in arranging your mortgage is ensuring you carefully consider whether you have adequate protection in place for your mortgage.

• About 10 minutes will be spent arranging protection for you.

This includes:

• determining whether you are eligible;
• explaining the features of the cover; and
• completing an application form.

• The protection is provided free for the first 3 months to give you plenty of time – while you are covered – to further consider your needs and the cover that has been provided.

• Australian Life Insurance will write to you to let you know when your cover has been accepted. They will also send you a letter in about two months time to remind you when your premiums are about to commence.

• You will want to carefully consider the financial consequences for you and your family should something unforeseen happen – such as a serious illness or death – and how your mortgage would then be repaid. Financial hardship at these times can be devastating, and obtaining protection may be essential to your financial security.

• Within the first 3 months, you will need to read the material provided, consider your circumstances and contact Australian Life Insurance with any queries or changes.

If you choose to cancel within the 3 month free period you will not pay any premiums.

How do I find out more information?

Contact us for a personalized quote or more general information on mortgage protection insurance.

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