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Home loan insurance can help you make your mortgage repayments if you die or are unable to work due to disability or redundancy.
More info on our insurance range
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| Our Flexicover home loan insurance policy |
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can help repay your home loan if you die, or can't work because of terminal illness, total disability, redundancy, or bankruptcy |
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has premiums automatically adjusted to match your age and loan balance |
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can cover up to 8 home loans under one policy |
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can make your premium payments match your mortgage payments. |
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| Home loan insurance can repay your Westpac home loan if you die, or are diagnosed as terminally ill. |
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| It can also pay the standard regular payments if you become |
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totally disabled - for up to 30 months. At the end of the 30 months, if you can’t perform certain daily living activities, your loan can be repaid in full |
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involuntarily redundant or bankrupt - for up to six months. |
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| If joint home loan customers apply for insurance |
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you'll get a discount and extra benefits e.g. Flexicover can pay out twice if you both die—or are disabled—at the same time. |
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| Payments will generally start 42 days after you become totally disabled, or should you be made redundant they will start after 42 days, or after the period covered by your redundancy pay (whichever is the longest). |
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| You are entitled to a free look period of 30 days from the date you receive your Westpac Bill Protection policy document. |
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| If you decide this cover is not for you within the free look period, please advise Westpac Life in writing (PO Box 27031, Wellington) and we’ll refund any premiums you’ve paid. |
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| To apply for home loan insurance contact any Westpac branch or call 0800 177 277 (Monday to Friday, 8am to 8.30pm; Saturday, 9am to 3pm). |
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