If you had a sudden and unexpected change in your health or loss of your income you may find yourself struggling to make your new loan repayments. Loan Protection Insurance helps protect you against the unexpected by paying some or all of your loan payments while you focus on getting back on your feet again.
Why take out this benefit as part of your loan?
It can make your loan repayment for you if you lose your job or are unfit for work due to sickness, injury, or disease.
It can pay the balance on your loan should you die, which means that you do not leave behind costly payouts to financiers for your family to deal with.
Premiums can be included as part of the total loan repayment amount that you borrow and are generally rebated back to your loan if you pay your loan out early so you only end up paying for the cover while you need it.
To find out exactly what you can be covered for and to read all the small print, just ask one of our Accredited Insurance Consultants to provide you with a product disclosure statement that can outline all of the benefits of Loan Protection Insurance.
Or if you have some more questions and you would like to speak with one of our experienced insurance consultants you can also Free Call us;
1300 769 177
We are here to help!