Planning & insurance

Insurance can help protect borrowers and their families from being forced into selling their home or investment property, if they are unable to meet their mortgage repayments as a result of death or serious illness.

As part of the service we provide, our mortgage consultants are able to make insurance protection available to their clients at the same time as applying for their mortgage.

Mortgage Repayment Protection is designed to provide financial assistance where you have suffered a serious illness or injury that is likely to prevent you from making your mortgage repayments for 6 months or more.

A lump sum is paid in the event of suffering from any of 52 crisis events, including cancer, heart attack, stroke, liver failure, paralysis and death. The lump sum can be used to reduce your mortgage, help you with medical expenses, for money to live on, or for any other purpose.

Quick and simple to apply, no medical exams required.

3 months free cover

If for any reason you cancel during the first 3 months, you will not have to pay any premiums.

Mortgage Repayment Protection is issued by TOWER Australia and supported by Australian Life Insurance.

Australian Life Insurance is a specialist risk insurance business committed to providing people with access to quality insurance products in the most convenient way possible.

Talk to your mortgage consultant about Mortgage Repayment Protection!

Your mortgage consultant will be able to provide you with information about the product together with a Product Disclosure Statement at the time you apply for your loan. The Product Disclosure Statement contains the detailed information on Mortgage Repayment Protection and this should always be considered in deciding whether you wish to apply for the product. Mortgage Consultants offering Mortgage Repayment Protection are doing so as the Authorised Representatives of Australian Life Insurance Distribution Pty Ltd (AFSL 226 403).