Personal insurance advice: Operating under IFO Peace of Mind Advice Limited.
What we can explore
- Mortgage commitments and other household expenses
- How monthly benefits or lump sums may differ
- Waiting periods, exclusions and benefit terms
- How existing income or life cover may overlap
Questions you may have
Does mortgage protection repay my mortgage or cover repayments?
Many mortgage-repayment products provide an ongoing benefit for eligible inability to work, rather than automatically clearing the mortgage balance. A lump sum may instead come from another type of cover, such as life or TPD insurance.
How is mortgage protection different from income protection?
Mortgage protection often focuses on a defined repayment-related benefit. Income protection is usually linked to a portion of earned income. Definitions, claim triggers and payment limits differ across insurers.
Can I still receive a benefit if I cannot work because of illness?
Many products are designed to respond to qualifying illness as well as injury. The policy definition, waiting period, employment status and exclusions determine whether a particular claim qualifies.
How should I choose a waiting period?
Think about available sick leave, savings and how long the household can cover repayments without earnings. A longer waiting period may lower premiums but increases the period you must fund yourself.
How we work
We begin by understanding your needs and existing protection. Sharleen explains relevant options through the advice process operating under IFO Peace of Mind Advice Limited.
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