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Mortgage & Living Insurance

A comfortable lifestyle is the result of hard work, it makes sense to protect it right?

What is Mortgage and Living Insurance?

With Mortgage and Living Cover you’ll receive regular payments if you’re unable to work due to sickness or injury to help cover everyday expenses, like mortgage payments. 

There are many ways to structure your cover and premiums, allowing you to tailor cover to your needs, lifestyle and importantly, budget!   It’s flexible too, so you can adapt it as your financial circumstances change.  

Offering agreed level of cover, gives you certainty about how much you could receive if you need to claim – there’s also a more cost effective option that offsets any other payments you might receive such as ACC.

 

Mortgage and Living cover is packed with features and you can boost the cover further with optional benefits.

Mortgage and Living benefits 

Income support

Pay you a regular benefit if you’re unable to work because of illness or injury

Rehabilitation & retraining support

Helps you with your rehabilitation and retraining costs

Recurrent disability

Pays you a regular benefit if you suffer the same sickness or disability within a year

Family assist

We’ll pay for a nurse or family member to look after you at home for up to 6 months

Dependent relative

We’ll pay you a monthly benefit for up to 6 months if you have to stop work to undertake full time care of a family member.

Return to work

Pays you a bonus benefit if you are able to return to work

Income or mortgage update

Increase your cover up to 10% each year without any medical underwriting, if your income or mortgage payments increase

Transition from Stepped to Level premiums

Ability to change how your premiums are structured

Optional benefits you can choose to include:

If you have an existing policy with Asteron Life, your policy may be different from our current on-sale products, so it’s a good idea to check things with your adviser.

There are terms and conditions that apply to all benefits within Mortgage & Living Insurance. Don't worry though, your adviser can take you through these and what they mean.

Other types of cover

Another option you could consider is Workability Insurance which also provides a monthly benefit. Workability Insurance is a form of Income Protection but it doesn’t have all the bells and whistles so can be a great cost effective option.

Workability Insurance

Unsure?

Talking to an adviser will help you focus on what’s important to you, and it's even more effective with a little preparation.

Use our handy LifeSnap tool to prepare for your conversation with an adviser so you don't have to think on your feet!

Simon Evan’s had always insisted that Multiple Sclerosis was never going to define him. Thanks to his Income Protection Cover with Asteron Life it never has.

Ready to speak to an adviser?

If you would like to know more about Mortgage & Living Insurance we can put you in touch with an adviser who can explain the different options available.

Speak to an Adviser