Fidelity Life announce mortgage cover enhancements

Written By Kelly O

Fidelity Life has enhanced their Monthly mortgage repayment cover and Mortgage Protection Cover. From 20 June, the insurer is lifting the offsets thresholds for these covers from $5,000 to $7,500, providing greater certainty at claim time for customers with high incomes or large mortgages.

In addition, customers can choose to base their cover on 115% of their rent payments.

Chief Commercial Officer Bronwyn Kirwan says

“These enhancements deliver more support and security for customers, whether that’s through keeping more money in their pockets before offsets start to apply, or offering greater support for renters. By providing more options, we aim to help more New Zealanders get the cover that works for them.”

 

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Kelly O
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