0800 141 889After sick leave and annual leave have run out, it would take only one month for 55% of Kiwi households to be unable to pay all their expenses and maintain their lifestyle.
Are you one of these households?
How much is redundancy insurance
A common misconception is that Redundancy Insurance is a very expensive type of insurance. However the price of Redundancy Insurance will vary depending on how much insurance you arrange.
Most insurance companies will only allow you to take out redundancy insurance protection if you also have sickness and accident income protection.
The additional cost of adding redundancy protection isn’t alot, and there are good reasons why you should also combine any life insurance you have or need into the redundancy income protection policy.
Why do I need Mortgage Protection Insurance
Mortgage protection insurance is group of insurance policies designed to take care of your mortgage when something unexpected happens to you.
Mortgage Protection is an insurance taken out on the mortgage borrower (you, the person who is responsible for repaying the mortgage).
If the borrower for some reason cannot meet their obligations of paying the mortgage to the bank, the mortgage protection policy will take care of those obligations.
What is Mortgage Protection Insurance?
Wondering what is mortgage protection insurance? Mortgage protection insurance is a group of insurance policies designed to take care of your mortgage when something unexpected happens to you.
This insurance is taken out on the mortgage borrower (you, the person who is responsible for repaying the mortgage).
If the borrower for some reason cannot meet their obligations of paying the mortgage to the bank, the mortgage protection policy will take care of those obligations.
What is redundancy insurance
Redundancy Insurance Protection is an insurance policy that will pay you a monthly income if you get made redundant from your job.
It will not pay you if you get fired, or decide you don’t want to work anymore, you must get made redundant to be able to make a claim.
If you took out Redundancy Insurance at some point in the past and you are made redundant, the insurance company will start paying you money at the beginning of every month to help keep you afloat financially until you get another job.
