Home, personal or car loans can add up to be substantial commitments, so it makes sense to consider Loan Repayment Insurance. This insurance offers you and your family the security of knowing that, should the unexpected occur your loan repayments can be taken care of. A summary of the features of each of the types of cover is offered below:
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Features |
Loan Insure | Continuing Credit Insure | Mortgage Insure | Mortgage Insure Plus |
| To cover: | Personal loans and car loans | Overdrafts and credit cards | Home loans | Home loans |
| Cover in the event of death | Up to $250,000 | Up to $100,000 | Up to $350,000 | Up to $500,000 |
| Cover in the event of a defined trauma | Up to $50,000 | N/A | Up to $50,000 | Up to $50,000 |
| Cover for disability | Up to $1,500 per month | Up to $1,500 per month | Up to $3,000 per month | Up to $3,000 per month |
| Cover for involuntary unemployment | Up to $1,500 per month ($5,000 policy limit) | Up to $1,500 per month ($5,000 policy limit) | Up to $3,000 per month ($10,000 policy limit) | Up to $3,000 per month ($10,000 policy limit) |
| Premiums financed with loan or product | ![]() |
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In addition:
Insurance policies have certain conditions, limitations and exclusions. Any advice provided has not considered your personal objectives, financial situation or needs. Before acting on the advice and deciding to acquire or continue to hold an insurance product(s), you should carefully read and consider the Product Disclosure Statement(s) (PDS) and the Supplementary Product Disclosure Statement(s) (SPDS) and consider whether the advice provided is appropriate to your personal objectives, financial situation or needs. PDSs are available from SERVICE ONE Members Banking or the CUNA Mutual Group. Products are issued by CUNA Mutual General Insurance, a business name owned by CUMIS Insurance Society Inc ABN 72 000 562 121, AFSL 245491 (Incorporated in Wisconsin U.S.A. The Members of the Society have no liability).
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