Browse Forums Home Finance Re: Mortgage Protection Insurance Vs Income Protection Insurance 11Sep 10, 2009 9:31 pm First let me say, I have the qualifications to give the advice elastic, however that was not what I was trying to do, merely explain the difference between the cover types. If you require either, it depends on your personal situation as to which is best for you. Discuss it with whoever you are taking out your loan with to see which suits you. Bottom line, it sucks to pay for insurance.............. until you need to claim on it. Its like car insurance, there are so many options and hidden elements to it, but would you drive your car without it??? Some cover is better than no cover Re: Mortgage Protection Insurance Vs Income Protection Insurance 12Sep 11, 2009 7:46 pm I also can advise on cover but have only given factual information that is contained in any brochure on the products. The prices are a lot but when you pat $100 per month for foxtel or similar when something happens and you don't have any cover it can be very scary. I have seen this occur many times. Speak to the ANZ if they are your bank and ask for advice. Harribeka Re: Mortgage Protection Insurance Vs Income Protection Insurance 13Sep 11, 2009 8:44 pm We have income protection/trauma/death/partial or permenent disability insurance and I think it's great. Our financial advisor set this up for us and it comes out of our super, for now! And it's not as expensive as you may think! My advice would be to call a financial advisor and speak to them about what YOU need and can afford, this is the easiest way as they dealt with all the paperwork for us also and got it all done without much fuss. I would steer clear of banks for this sort of insurance, JMHO! Best of luck! Building Thread viewtopic.php?f=31&t=13002 Site start: 8th July 2009 Handover: 11/12/2009! 5 months total build time. 40 sqs of luxuary...Bliss! Re: Mortgage Protection Insurance Vs Income Protection Insurance 14Sep 11, 2009 9:05 pm Thanks for providing draft of people about mortgage. Re: Mortgage Protection Insurance Vs Income Protection Insurance 15Sep 13, 2009 7:41 am pinkfairymagic We have income protection/trauma/death/partial or permenent disability insurance and I think it's great. Our financial advisor set this up for us and it comes out of our super, for now! And it's not as expensive as you may think! My advice would be to call a financial advisor and speak to them about what YOU need and can afford, this is the easiest way as they dealt with all the paperwork for us also and got it all done without much fuss. I would steer clear of banks for this sort of insurance, JMHO! Best of luck! Hopefully you don't have the trauma insurance in your super. Hi , I'm currently going through this now within the Whitehorse council which has a similar set of restrictions. We're having to make compromises with our floor plan due… 3 30578 Yes, neither is termite damage that is not covered by your house insurance. 3 6570 |