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Redundancy & Home Loan Protection
Redundancy & Home Loan Protection
Protect your mortgage if your income suddenly stops.
Home Loan Protection can help cover your minimum mortgage repayments if you lose your job through no fault of your own, including involuntary redundancy.
Eligible policyholders may receive their minimum home loan repayment, up to $10,000 per month for up to 90 days. Cover can also include protection if you are unable to work due to illness or injury, with optional life cover available.
Eligibility
You generally need to:
- be aged 18 to 59
- have an eligible home loan between $30,000 and $1 million
- live primarily in Australia
- meet residency requirements
- work at least 20 hours per week for employment-related benefits
Eligibility, waiting periods, exclusions and policy terms apply.
Find out if you’re eligible
We can help you understand whether Home Loan Protection is suitable for your circumstances and explain your available options.
