Loan Repayment Insurance

It often takes us years of hard work to obtain the things we value, whether this is the family, the family home and contents, or a car.

An integral part of any financial planning is ensuring that the things you value are protected and one of the most important is your ability to continue paying your loan commitments in the event of an unfortunate event occurring.

We can offer you top quality cover through our arrangements with St Andrew's Insurance.

Mortgages or personal loans are often long term commitments, so it makes sense to protect them with Credit Protection Insurance. Credit Protection provides you with the peace of mind that if an unfortunate event occurs, such as your death, or an accident or sickness, your assets will be safe and your loan repayments will be protected.

Highlights

• Cover applies 24 hours a day, 7 days per week
• Death benefit up to $750,000
• Disability benefit up to $4,000 per month
• Claim payments made in addition to Workers Compensation Insurance

Policy Options

• Bronze: Life Cover Only or
• Silver: Life and Accident & Sickness Cover

Life Cover

Credit Protection Insurance will repay the outstanding balance of your loan up to a maximum of $750,000 in the event of your death. There are no medical questionnaires or examinations required to obtain the cover and all members aged 18 years and over and under 61 years of age are eligible to apply. Please refer to the Product Disclosure Statement (PDS) below for policy terms and exclusions.

Accident & Sickness Cover

If you are unable to work for more than 30 days because you have suffered an injury or sickness, Credit Protection will cover your minimum loan repayments after the first 30 days up to a maximum of $4,000 per month for up to 36 months. Please refer to the Product Disclosure Statement (PDS) below for policy terms and exclusions.

Credit Protection Insurance Product Disclosure Statement (PDS)

Important Information

Credit Protection is issued by St Andrew's Insurance (Australia) Pty Ltd ABN 89 075 044 656, AFSL 239649 and St Andrew's Life Insurance Pty Ltd ABN 98 105 176 243, AFSL 281731, Collectively referred to as St Andrew's Insurance.

The information above is general and does not consider your individual needs; you should consider this and refer to the Product Disclosure Statement (PDS) before deciding whether Credit Protection is suitable for you.

Questions?

If you have any questions or you would like a quote, please contact us