Consumer Credit Insurance
There is no certainty in life and although it make sense to expect the best, it pays to be prepared for the worst. If you lost your job or suffered an injury and you were unable to work, could you cover your loan repayments? If the worst did happen and you lost your life, would your family be able to cover your debts?
If the answer is no, and you are considering taking a loan with QPCU or you have an existing loan with us, loan protection and mortgage protection insurance may be the answer with a range of cover options to suit your needs.
In the event of your death the outstanding balance of your loan will be paid in full including any arrears in monthly repayments, up to two months.
In the event of contracting a major diagnosed disease or condition such as:-
- chronic kidney failure
- heart attack
- coronary artery surgery
- stroke, or
- major organ transplant.
you will automatically be covered for $10,000 and this cover can be increased to a maximum of $50,000.
If you're unable to work because of a disability, illness or injury this ensures that your loan repayments will be met.
If you involuntarily lose your job this type of loan protection will cover your loan repayments for up to 120 days.
To obtain a quote call our Member Service Consultants on 13 77 28.
Download a Mortgage Protection Product Disclosure Statement.
Download a Loan Protection Product Disclosure Statement
Terms, conditions and acceptance criteria apply. Cover limits and waiting periods apply as set out in the policy wording. This material does not take into account your personal needs, objectives and financial circumstances and you should consider whether it is appropriate for you. Please read the product disclosure statement available at QPCU to decide if a product is right for you. PDSs are also available from QPCU branches or upon request.
Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545 for Disability and Involuntary Unemployment and OnePath Life Limited ABN 33 009 657 176 AFSL 238341 for Life and Trauma.