Safeguard Your Home & Your Loved Ones
Mortgage Protection with My Mortgage Group
Buying a home is one of the biggest financial commitments you’ll ever make. But what happens if the unexpected occurs? Mortgage protection insurance ensures that your mortgage is paid off if you pass away or become critically ill, providing security for your family and peace of mind for you.
At My Mortgage Group, we help you find the right mortgage protection plan to ensure your home remains in safe hands, no matter what life brings.
What is Mortgage Protection Insurance?
Mortgage protection insurance is designed to cover your outstanding mortgage balance in the event of:
Death – Ensures your mortgage is paid off so your family can stay in their home.
Critical Illness – Provides a payout if you’re diagnosed with a serious illness that prevents you from working.
Income Loss Due to Illness or Injury – Protects your mortgage payments if you’re unable to work for an extended period.
types
Types of Mortgage Protection Cover
Decreasing Term Life Insurance
- Covers your mortgage balance, reducing as you pay off your loan.
- Ensures your mortgage is paid off in full if you pass away.
- Typically the most cost-effective option for mortgage protection.
Critical Illness Cover
- Provides a lump sum if you’re diagnosed with a serious illness.
- Helps with mortgage payments, medical bills, and living expenses.
- Covers conditions such as cancer, heart disease, and stroke.
Income Protection Insurance
- Pays a monthly income if you’re unable to work due to illness or injury.
- Ensures you can keep up with mortgage payments and household costs.
- Offers long-term financial stability for you and your family.
Why Mortgage Protection is Important
Without mortgage protection, your loved ones could face financial difficulties in the event of your death or an unexpected loss of income. With the right policy in place, you can:
- Ensure your family stays in their home, free from mortgage debt.
- Reduce financial stress during difficult times.
- Protect your investment and financial future.
- Gain peace of mind knowing your home is secure.
Why Choose My Mortgage Group for Mortgage Protection?
- Independent & Whole-of-Market Advice – We compare policies from multiple providers to find the right protection for you.
- Tailored Cover to Fit Your Needs – We assess your circumstances and recommend the right level of cover.
- Affordable, Flexible Policies – Choose a plan that works for your budget and lifestyle.
- Expert Guidance – Our advisors simplify the process and handle the paperwork for you.