When you’ve worked hard to get where you are, you want to protect your lifestyle – even if you’re on a limited budget.
We understand this, so we developed TOWER Life 360® Mortgage Repayment Cover. This policy is designed for people who want their lifestyle to continue, even if an illness or injury means they can’t work. It means you can continue to pay your bills and expenses without worry, and focus on getting better.
$710 is the average fortnightly mortgage repayment for New Zealand households*.
How long could you afford to pay that amount if you were off work due to illness or injury?
This policy is similar to an income protection policy in that if you’re off work due to illness or injury, you’ll receive a monthly payment. The difference is that this policy has a lower sum insured – meaning a policy with more affordable premiums that can help get you through the hardest months.
What’s more, you don’t even need a mortgage to take out this policy – we’ll simply agree a cover level with you based on your current income.