Mortgage Insurance pays off the mortgage in the event of your death.
It keeps a roof over the heads of the people you leave behind, by paying off the debt directly to the lending institution.
If you have Mortgage Insurance with us we’ll pay a tax free lump-sum to your nominated mortgage lending institution if you die, or earlier if you’re diagnosed with a terminal illness.
If you’re looking for something that will pay your mortgage and bills if you can’t work due to illness or injury, check out our Income Protection.
Or if you are wanting to cover more than your mortgage, take a look at our Life Insurance.
Get in touch by email or phone, and we can see what we can do. During the time your premiums are on hold, you won’t be able to make a claim.
If you miss three payments within 24 months without catching them up, your policy will end the next time you miss a payment. The three payments don’t need to be consecutive.
It depends on your answers to the health and lifestyle questions that we ask to offer you cover. For many people, we can assess their information fully online, and they will have Life Insurance in less than 10 minutes.
If we can’t accept your application online immediately, we’ll be in touch to let you know the next steps.
If that means we need more information from you, then the process may take another day or two. If we need information from your GP, it will depend on how quickly your GP responds to our request. Some doctors respond within a week, and others can take two to three weeks or longer.
We do everything we can to make your application as quick and easy as we can. If you are worried your application is taking longer than it should, please get in touch by emailing us at ask@pinnaclelife.co.nz or phoning 0800 22 22 23.
Use our tool to do your own advice. No need to talk to anyone (that means you can do it in your pajamas).