Mortgage Protection Calculator
Cover that pays your mortgage if you can't.
NZ$
Indicative monthly premium
$3.15
Covers $3,500.00/month repayment
| Monthly benefit | $3,500.00 |
|---|---|
| Annual benefit | $42,000.00 |
| Indicative monthly premium | $3.15 |
About this calculator
Mortgage Protection pays your monthly mortgage repayment for a benefit period if you can't work. Cheaper than full income protection but tied directly to the loan repayment.
- Sum insured = monthly repayment, not the loan balance.
- Falls away once the mortgage is paid off — often paired with a separate income protection policy.
Frequently asked questions
Is this the same as a bank-sold mortgage repayment insurance?
Similar concept — but standalone insurer products almost always price better and have wider definitions of disability than bank-branded ones.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.