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Loan Repayment Insurance

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Mortgages and Personal Loans are often long term commitments, so Loan Repayment Insurance is your safety net and helps you cover your repayments should misfortune strike.

Loan Repayment Insurance covers you for disability, involuntary unemployment or death, relieving the financial burden for you and your family when you need it most.

Through Allianz, we offer two loan protection products:

Mortgages - Allianz Five Year Mortgage Repayment Insurance

Features include:

  • Cover 24 hours a day, 7 days per week
  • A death benefit of up to $750,000*
  • A monthly disability benefit for up to 24 months
  • Involuntary unemployment benefit up to $3,000 per month for up to 120 days to a maximum of $10,000

Personal Loans - Allianz Loan Cover Insurance

Features include:

  • Cover 24 hours a day, 7 days per week
  • A death benefit of up to $80,000
  • A monthly disability benefit/involuntary unemployment benefit for up to 120 days to a maximum of $10,000
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For detailed information on the cover and limits provided, you should read the Product Disclosure Statement.

 

*The total combined cover for all Consumer Credit Insurance policies issued by Allianz Life cannot exceed $750,000.

Allianz Australia Insurance Limited (Allianz) AFSL 234708 ABN 15 000 122 850 of 2 Market Street, Sydney NSW 2000 provides the Disability and Unemployment cover. Allianz Australia Life Insurance Limited (Allianz Life) AFSL 296559 ABN 27 076 033 782 of 2 Market Street, Sydney NSW 2000 provides the Death cover. In arranging this insurance My Credit Union Limited AFSL 246941 ABN 59 087 650 584 acts as an agent for Allianz, not as your agent. A Product Disclosure Statement (PDS) for insurance products can be requested by calling 1300 655 116 between 9am and 5pm Monday to Friday. Any advice here does not take into consideration your objectives, financial situation or needs, which you should consider before acting on our recommendations. You should read and consider the PDS before deciding whether to acquire any product mentioned. We receive commission on these insurance products as a percentage of the premium paid for each policy ranging from 20%.

 

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