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.

Product Benefits:

  • 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

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