Keep the home,
clear the bond
Bond life protection pays out a lump sum to settle your home loan if you die, so your family is never forced to sell the home to pay the bank.
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Explore Your Options
Whatever you need to protect, we'll help you compare the right cover.
Life Insurance
A one-off tax-free lump-sum payment for your loved ones in the event of your death.
Learn moreCritical Illness Cover
A tax-free lump sum if you are diagnosed with a serious illness like cancer, heart attack or stroke.
Learn moreIncome Protection
Monthly tax-free payments if you are unable to work due to long-term sickness or injury.
Learn moreHow Bond Life Protection Works
Match cover to your bond
Set your cover amount and term to your outstanding home loan balance and repayment period.
Choose how cover behaves
Pick cover that reduces as your bond is paid down, or stays level if you want a buffer.
Pass underwriting
Answer health and lifestyle questions so the insurer can confirm your premium.
Bond is settled on a claim
If a covered event happens, the payout is used to settle the outstanding bond.
Key features at a glance
Sized to your home loan
Cover amount and term are set around your bond, so you are not paying for more cover than you need.
Decreasing cover available
Cover that reduces in line with your bond balance often costs less than level cover.
Cover for joint bonds
Protect both borrowers on a joint bond, through a joint policy or two separate policies.
Optional illness and disability cover
Add severe illness or permanent disability cover so the bond can be settled after a serious diagnosis, not only on death.
Frequently Asked Questions
What is the difference between bond life protection and homeowner's insurance?
Bond life protection settles your home loan if you die (or suffer a covered illness or disability, if you add that cover). Homeowner's insurance protects the building itself against damage such as fire. You generally need both.
Do I have to take the cover my bank offers?
Banks often offer their own home loan protection and may ask for life cover as security for the loan, sometimes by having a policy ceded to them. You can compare independent cover before you decide. Your adviser can explain your options and what your bank requires.
Should I choose decreasing or level cover?
Decreasing cover falls as your bond balance falls, which usually keeps premiums lower. Level cover keeps the payout fixed, which leaves a surplus after the bond is settled and can help if you plan to extend or increase your bond. Your adviser can model both.
What happens to my cover if I sell the home or pay off the bond early?
Your policy is usually separate from the property, so it does not end automatically. Depending on the policy, you can keep it, reduce the cover, or cancel it. Speak to your adviser before making changes.