What is paid on claim and what is involved

Life Cover Features:

• - Death
• - Terminal Illness

Mortgage Shield gives mortgage brokers the support and back office service to be able to competently offer insurance to their clients in a variety of ways.

1. Our No Advice Loan Protection policy is available for new home loans under $500,000.

2. Through our experienced advisers, we can assist in placing insurance with a large range of insurers. With our easy to refer system, just send us the details of the individual and we will work out the appropriate advice and policies for them.

3. We can assist in helping you become a fully qualified insurance adviser through industry partners.

Mortgage Shield is a partnership with AMP Life Ltd and is derived from the Life Insurance product from the ‘AMP Personal Protection Portfolio’. The following is an explanation into the AMP Life Cover Insurance:

What is Loan Cover Insurance?

You insure yourself for the amount of your loan. Then if you die whilst the policy is in force, AMP will pay your beneficiaries the nominated amount. If you have no nominated beneficiaries, AMP will pay the benefit to your estate.

What else is covered under Loan Cover Insurance?

Terminal Illness - is any illness that, in the opinion of an appropriate specialist physician approved by AMP, is likely to lead to your death within 12 months from the date AMP are notified in writing by the approved physician.

If you are diagnosed with a terminal illness while the policy is in force, AMP will pay the amount insured to a maximum of $500,000.

What insurers do you use?

We have access to many insurers which include the following:

To find out how you can further service your clients in a professional way, please CONTACT US