Group Mortgage Protection
This product is mainly targeted at corporates that offer mortgage loans to their staff members.
How it works:
A Group Mortgage Protection scheme is a contract entered into between Zimnat Life Assurance and a loan provider, usually an employer, for the benefit of the mortgage holder, in which Zimnat Life Assurance pays out a lump sum benefit equivalent to the outstanding mortgage loan, on the death of the mortgage holder.
- Eliminates the corporate stigma of repossessing a late employee’s dwelling.
- Eliminates the need for immediate family members to service a mortgage left behind by the deceased.
- Employer can use this benefit to attract and retain high calibre staff.
- Premiums paid decrease in direct correlation with repayments made.
For more information, request a call back from one of our financial advisers by visiting our contact us page