Etiqa ePROTECT mortgage: Safeguarding Your Home and Family's Future

When you're searching for mortgage insurance, you're likely feeling a mix of excitement about your new home and concern about protecting your family's future. You might be wondering, "How can I ensure my loved ones won't lose our home if something happens to me?" or "Is there an affordable way to cover my mortgage without breaking the bank?" These are common and valid concerns that many homeowners face. Etiqa's ePROTECT mortgage is designed to address these worries and provide you with peace of mind. Let's dive into the details of this policy and see how it can help secure your family's future.

Etiqa ePROTECT mortgage is a comprehensive mortgage reducing term insurance policy . In simple terms, it's a safety net designed to protect your home loan. If something unexpected happens to you, like death, total and permanent disability, or terminal illness, this policy ensures that your family can keep the roof over their heads by paying off the remaining mortgage.

Let's break it down with a simple example:

Meet Paul:

• Age: 35 (next birthday)

• Non-smoker

• Recently bought a condominium with a $1 million loan

Paul's ePROTECT mortgage Policy:

• Coverage amount: $1 million (matching his loan)

• Policy term: 30 years

• Chosen interest rate: 3% (to match his mortgage interest rate)

• Annual premium: $1,060

• Premium payment term: 27 years (90% of the policy term)

In this scenario, Paul pays $1,060 per year for 27 years. In return, he gets the assurance that if anything happens to him during the 30-year policy term, his family can repay the bank loan and keep their home.

The coverage amount reduces over time, mirroring the decrease in Paul's mortgage balance. At the start of the policy, the coverage is $1 million. By the end of the 30-year term, it reduces to zero, just like his mortgage would if he made all his payments.

• This policy is underwritten by Etiqa Insurance Pte. Ltd., a member of the Maybank Group.

• The information provided here is for reference only and not a contract of insurance. Always refer to the actual policy contract for full details.

• Buying life insurance is a long-term commitment. Early termination usually involves high costs and the surrender value (if any) may be less than the total premium paid.

• This policy is protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC).

Etiqa ePROTECT mortgage offers a straightforward and affordable solution to protect your home loan and secure your family's future. By providing comprehensive coverage that aligns with your decreasing mortgage balance, it ensures that your loved ones can keep their home even if the unexpected happens. The flexibility in policy terms and interest rates, coupled with the limited premium payment period, makes it an attractive option for many homeowners.

However, as with any financial decision, it's crucial to consider your specific circumstances and needs. While ePROTECT mortgage can provide valuable protection, it's important to understand its features, benefits, and limitations fully.

Ready to take the next step in protecting your home and family? Don't rely on just one perspective. Get expert insights tailored to your unique mortgage situation. Sign up now to receive 5 expert opinions on mortgage insurance. These professionals will review your specific needs and provide personalized recommendations, helping you make the most informed decision possible.

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By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your home and family. Don't leave your family's future to chance – get the expert advice you deserve today.

Remember, your home is more than just a financial investment – it's where your family's memories are made . Protecting it is one of the most important decisions you can make. Take the time to explore your options and find the coverage that gives you and your loved ones the peace of mind you deserve.