Your biggest asset over your lifetime is actually your earning ability. How long could you and your family survive without an income if you were sick or injured?
Income Protection cover relates specifically to illness or injury and is there to help look after your responsibilities when you can’t. Depending on your level of cover, Income Protection can help give you peace of mind that your home loan, debts and other costs will be taken care of should you get sick or be injured.
Mortgage Protection cover also relates specifically to illness or injury. This is a more specific type of cover that will look after your home loan repayments if you are unable to meet them due to illness or injury. Mortgage Protection helps protect one of the biggest financial commitments most of us will ever make.