From sickness, to death and involuntary unemployment, Aussie’s mortgage protection plan is about protecting you and your family during tough times.
We’ll give you financial support if you experience any of these serious medical conditions:
- Heart attack^
- Coronary artery bypass^
- Alzheimer's and Dementia
- Kidney failure
- Severe burns
- Loss of independent existence
- Total loss of hearing
- Total loss of sight
Death and terminal illness benefit
In the event that you die or become terminally ill, you’ll receive a lump sum benefit that you can use for any purpose. It’s paid to you or your estate – not the lender. Here’s a look at the benefits:
- You can cover your total loan amount or whatever amount you choose to a maximum of $750,000
- Your cover operates independently of your loan
- You can spare your family hardship by leaving a debt-free asset
Involuntary unemployment benefit
Being out of work unexpectedly is tough. But our mortgage protection plan is here when you need it most. That’s why we’ll pay up to three months of cover for involuntary unemployment# during the first five years of your policy.
Accidental injury benefit (optional)
Financial assistance while you're on the mend. Three months' benefits when you can't work for 30 days or more due to accidental injury*.
Hear from our customers
Meet Kerrie. Only seven months after taking out a mortgage protection plan, her husband Allan suffered a stroke.
Kerrie, who also happens to be an Aussie broker, acted early and submitted a claim – which turned out to be the right decision.
To give you an idea of how Kerrie’s mortgage protection plan helped her deal with Allan’s illness, we got in touch with her.
Kerrie makes a life-changing claim
"Well it’s taken a great strain off the financial concerns that we had. Because with him not working, even though we’ve got income protection, the income protection is nowhere near the amount of income he would normally bring in. It was almost half. So the money we have got from this insurance has just been a great back up. We have been able to pay out debts that might just continue on. I’ve just paid them out so we don’t have to worry about any repayments for those debts. The rest of it has gone on the mortgage."
“Without an MPP, there would have been an awful lot of tears – I really don’t know. Simply because I often get other companies calling up offering a similar type of insurance and I always say I’ve got cover. Because of our ages it gets quite expensive.”
“Insurance is only good if you ever need it. I still wanted some kind of cover, so I worked out what we could afford and that’s how we got covered. All we need now is for Allan to recover.”