Buying a house
Buying a home is not only incredibly exciting, it’s also likely one of the largest purchases you’ll ever make. And depending on your circumstances, you’ll need to take a number of costs into account, including the deposit, transfer costs, home loan repayments, rates bills, maintenance costs, and more. When taking on a financial commitment of this size, it’s a good idea to put safeguards in place to ensure that, whatever happens, you and your family can cover your home loan payments and maintain your standard of living.
Make sure they're protected
Would your family be able to live the life you planned for them if you were no longer here? While it’s not an easy question to ask yourself, now is the time to plan ahead to ensure that your dependents will be financially secure should something happen to you. Having sufficient life cover in place will protect your family financially and help and help them to cover expenses like home loan payments and home maintenance costs.
Safeguard your family from debt
If you’ve taken out a large loan like a home loan, you may want to consider credit life cover, which provides security for your loan. Credit life cover can help you and your family maintain the lifestyle you planned if you become disabled and cannot make your loan repayments. And it will ensure that your loved ones are not left with debt should you pass away.
Plan for the unexpected
When you’re in the process of buying a house, the possibility of becoming disabled and being unable to work as a result is likely the furthest thought from your mind. But life is unpredictable and it’s worth planning for the unexpected. With disability cover in place, you’ll have peace of mind that you can cover your expenses and loan repayments as well as maintain your standard of living should you become temporarily or permanently disabled.
