Fidelity Life makes mortgage cover enhancements

Fidelity is lifting the offsets thresholds for these covers from $5,000 to $7,500, providing greater certainty at claim time for customers with high incomes or large mortgages.

Customers now also have the option to base their cover on 115% of their rent payments, alongside the existing measures of gross income or mortgage repayments.

Chief Commercial Officer Bronwyn Kirwan says the enhancements come in response to advisers’ feedback and are the latest example of Fidelity Life’s push to make life easier for advisers.

“We’re constantly reviewing our products to ensure they meet New Zealanders’ evolving needs, and our north star is the feedback we receive from advisers.