Monthly mortgage repayment cover.

Monthly mortgage repayment cover.

Monthly mortgage repayment cover can help to keep your home your happy place.

What is Monthly mortgage repayment cover?

It’s one the biggest regular payments you’re likely to make, so having cover to pay your mortgage if you can’t is a good idea. After all, these things won’t stop if you get sick or injured and can't work.

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  • Entry age is from age 16 to 59.
  • Your insurance ends at age 65, if you keep paying your premium.
  • You can pay fortnightly, monthly, quarterly, half-yearly or yearly.
  • You can choose to help protect your cover against inflation by having the amount you’re insured for increase each year.
  • We always recommend chatting with an adviser about the right insurance for you
  • Insurance is age related, with payments fixed for one year at a time.
Read our Monthly mortgage repayment cover customer brochure.

More about Monthly mortgage repayment cover.

  • What is it?
  • Why should you get it?
  • What’s the deal?
  • Anything else?

What is it?

Our Monthly mortgage repayment cover gives you peace of mind that your mortgage is covered for up to 45% of your gross income, 115% of your usual mortgage repayments or 115% of your usual rent payments. You can even choose how long you’d like the payments to last from 2 years, 5 years or to age 65.

Why should you get it?

Well, the debts and bills don't stop even if you have to because of illness or injury. To get you back on your feet and earning again, this cover can also help with things like rehabilitation.

What’s the deal?

You pay an amount of money (called a ‘premium’) for a policy. The policy is a contract so you know exactly what we’ll pay out for. If you keep paying for your insurance with us, and the policy terms and conditions have been met, we’ll pay out for everything we agreed.

Anything else?

If your mortgage repayments increase, you could increase the value of your cover any time before the age of 50 without needing to give us medical evidence (check out the Monthly mortgage repayment info sheet for details as there are a few conditions). (You can apply to increase your cover at any time up to age 59 though, but we may need to do health and financial checks.)

Life insurance 101 guide.

Visit our easy-to-read and plain-English life insurance 101 guide, to help you learn about what protection you might need.

Discover more.

Questions? Start here.

We’ve compiled a list of the most commonly asked questions about this cover.
For a good overview of the ins and outs, it’s worth reading the info sheet.

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Get in touch.

It’s easy! Drop us a line and an adviser will get hold of you for a no-obligation chat.

Get started.

Why choose Fidelity Life.

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* Fidelity Life has an A- (Excellent) financial strength rating from A.M. Best. The rating scale that this rating forms part of is available for inspection at our offices. For more information please visit Fidelity Life's financial strength page.

1 – ‘How long could you survive without an income?’

Disclaimer – the information contained in this webpage is a summary of the key points of this insurance policy and is general in nature. It is not, and is not intended to be, a policy document.

Details of definitions, benefits, standard exclusions/limitations, terms and conditions are contained in the full policy documentation which is available from your financial adviser. Please refer to current policy documents for specific details. This webpage does not provide a personalised financial advice service.