Mortgage Protection

Sometimes called Mortgage Protection, other times referred to as Life Insurance, Mortgage Protection is a Life Insurance policy that pays off your mortgage should you and/or any other mortgage holders pass away before the mortgage is cleared.

Your mortgage provider will insist you have this cover so that your home loan is protected. Normally it's sold as part of your Finance Package when buying your home - and you're probably paying more than you need for this insurance. As a result it is worth reviewing, to ensure you aren't paying too much.