Loan Protection Insurance
Bad luck needn't see you stuck.
In addition to assisting you with a Home or Personal Loan, Credit Union SA can also help you secure your ability to repay it.
Our Five Year Mortgage Repayment Insurance, Loan Cover Insurance and Continuous Credit Insurance, issued by Allianz Australia, can cover you and/or your family against a range of unforseen circumstances that could potentially cause financial hardship.
- Disability - covers your loan repayments while you're unable to work due to injury or illness*
- Involuntary Unemployment - covers your loan repayments until you find a new job*
- Death - pays the outstanding balance of your loan in full should you die.*
You can choose any one of the following combinations of cover:
- Death, disability or unemployment,
- Disability and unemployment,
- Death and disability,
- Disability only, or
- Death only.
The premium is simply added to the overall loan amount and covered in your repayments. So you don't need to worry about finding an extra lump sum up-front.
If you think you and your family would rest easier with this added peace of mind, be sure to ask about protecting your loan when enquiring about, or applying for, your Credit Union SA Home or Personal Loan or Visa Credit Card.
Or, if you'd like more information right now:
- Call us on 8202 7777, or 1800 018 227 (country SA).
- Visit any Credit Union SA branch.
Allianz Australia Insurance Limited (Allianz) AFS Licence No. 234708 ABN 15 000 122 850, 2 Market Street Sydney NSW 2000. Allianz Australia Life Insurance Limited (Allianz Life) AFS Licence No. 296559 ABN 27 076 033 782, 2 Market Street Sydney NSW 2000. “Part 2 - Disability cover” and “Part 3 - Unemployment cover” are issued by Allianz. “Part 1 - Death cover” is issued by Allianz Life. Allianz acts as Allianz Life’s agent in offering and administering the Part 1 - Death cover. In arranging this insurance Credit Union SA Ltd. ABN 36 087 651 232 AFSL//Australian Credit Licence Number 241066, acts as an agent for Allianz and not as your agent.
*Policy terms, conditions and exclusions apply.. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. Before making a decision about it please refer to the Product Disclosure Statement, available from Credit Union SA by calling 8202 7700 or by visiting your local branch. If you purchase any insurance product, Credit Union SA Ltd will receive a commission that is a percentage of the premium depending on the product. Ask us for more details before we provide you with any services on this insurance.