Protecting yourself from life’s unexpected turns

Owning a property - and the home loan that comes with it - is a huge responsibility. Although you might be in a strong position to meet your mortgage repayments today, the reality is we don’t know what’s around the corner.

It might seem unlikely right now, but it’s important to consider the ‘what ifs’ in life, especially when it comes to your finances. If your life took an unexpected turn, and you were unable to work for a period of time, how would you and your family cope financially?

The good news is that there are options out there to protect you from life’s tragedies and give you peace of mind that no matter what, you’re covered. Having the right insurance in place can really make a significant difference and that’s why personal risk insurance exists.

The primary purpose of personal risk insurance is to protect you and your family in the event of death, serious illness or critical injury.

There are different insurance products available that cover different circumstances.

Life insurance

Although there are different policy options with varying levels of cover and affordability to suit different needs, life insurance covers you in the event of being diagnosed with a terminal illness or death.

Living insurance

There are several scenarios that are covered under different living insurance policies including:

  • If you suffer a serious illness such as a stroke or heart attack
  • If you’re injured resulting in a permanent disability
  • Income protection in the event you’re unable to work for an extended period of time
  • Loan protection in the event an illness or injury prevents you from meeting your mortgage repayments.

At Loan Market, we can confidentially discuss your personal circumstances and identify insurance options that are most suitable for your needs.

We have access to Insurance Market, which provides personal risk insurance products to our clients to make sure that everyone we help get into a new home is also protected from the unpredictability of life.