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Protect your family home against unforseen misfortune

30 NOV 1999 • By Phillip Tarrant • 2 min read • Tax & Legal

Have you ever thought about what would happen to your mortgage if you had an accident or become seriously ill and could no longer work?

family

Not a nice thought, but one that should be considered – for all mortgage holders.

All too often families experience hardship when unplanned circumstances impact on their ability to pay their mortgage. Should the unexpected strike, maintaining mortgage repayments may mean dipping into your savings, but with less income your reserves can rapidly disappear.

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So what can you do to protect yourself and your family against the unforeseen? Mortgage protection is one shield that’s well worth considering.

Mortgage protection insurance works in a number of ways. For accident, illness or disability, it can cover the total amount or a portion of your mortgage repayments for a set period of time.

 
 

Some providers will cover to up to 30 months in repayments.

Some policies will also cover you in the event of death – where the outstanding balance of the mortgage will be paid in full. For many mortgage holders this can provide peace of mind knowing that loved ones will not be evicted should disaster strike.

So how can you arrange mortgage protection insurance?

There are a number of ways. The internet is a good source of information about the companies that provide mortgage protection insurance but it can become confusing when trying to compare different policies and services.

If you’d like to explore your options it’s well worth giving me a call. As well as providing advice on mortgages and other financial products, I’m also well placed to assist with your mortgage protection insurance. We can discuss your requirements and find a policy that best suits.

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Phillip Tarrant

Phillip Tarrant

AUTHOR

Phillip Tarrant is executive editor – Real Estate at Momentum Media. He is also an investor with a large property portfolio.

He leads the content strategy and corporate growth for a range of market and business intelligence platforms at Momentum Media, including Smart Property Investment – the authoritative voice for Australia’s property investment community.

As head of the Smart Property Investment Podcast Network, he also steers the largest network of property podcasts in Australia, which collectively generates nearly 2 million downloads every year.

There are over 2.6 million investment properties in Australia, with over 2.1 million Australians (or around 8 per cent of all Australians) owning one or more investment properties. A vibrant and critical sector for creating wealth for Australians, the property investment sector is expected to remain a pillar to the national economy.

For nearing a decade, under Phillip’s stewardship Smart Property Investment has been informing and educating property investors on the tactics and strategies to create wealth through property.

Trusted by over 100,000 Australians each month as the turn-to independent resource for property market insights and information, the brand supports the mantra of "for investors", by investors’, drawing on the unique position that Phillip and Smart Property Investment share, warts and all, its own journey through property.

The Smart Property Investment Show, part of the Smart Property Investment Podcast Network, is one of Australia’s most popular podcasts, forming the keystone of an integrated digital platform delivering daily property updates, live broadcasting, insights, opinion and data to property investors across the nation.

Underpinned by a content team universally recognised for their knowledge of the sector and approach for clear and concise communication, Smart Property Investment has become a central part of Australia’s property community.

About Momentum Media

Momentum Media is a leading media and market intelligence company, and the business behind Smart Property Investment, REB and RPM.

Guided by a strong sense of purpose to support our communities, Momentum Media has forged its place as one of Australia’s most influential media and professional development businesses.

We have been equipping Australia’s corporate, investor and SME sectors with market and business intelligence for over a decade.

Across an integrated business supported by digital, events, broadcast, research, print and social platforms, we are guided by the purpose: Be Better informed.

This passion for informing, educating and inspiring drives us to build more engaged communities, delivering greater leadership to the markets we connect to and forging closer relationships with our audiences.

Being at the forefront of media innovation, backed by a pioneering spirit, has been central to Momentum Media’s growth.

We’re an evolving, forward-thinking business based on a purpose that supports corporate Australia and the markets critical to our nation’s economic prosperity and security. We’re also focused on delivering exceptional value to our commercial partners.

We adapt on a daily basis to rapidly changing market places; we’re a fluid media business, unanchored to any particular technology, channel or tone of communication.

With a reach spanning nearly 2 million professionals, high-net-worth individuals and SME business owners, we’re connected to the rapidly changing preferences and attitudes of our communities – and we’re making a positive contribution for our communities to thrive.

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