Mortgage protection is a combination of insurance products that include Life Insurance, Trauma Cover, Total and Permanent Disability Cover, and Income Protection.
You can also get standalone mortgage repayment cover, which pays your regular mortgage payments if you're unable to work because of sickness or injury. There's an initial stand down period of at least 4 weeks before the payments start.
The price for mortgage protection insurance is usually similar to standard insurance policies. It's best to talk through your options with us to find what's best for you.