Credit Union Loan Repayment Insurance - Community First Credit Union
|At Community First, we offer two different types of loan repayment insurance:|
|Personal Loan Repayment Cover|
|Essential Cover Loan Repayment Insurance gives you financial peace of mind that should the unexpected happen, for example sickness, accident or death, your personal loan repayments will be met. |
We offer a range of cover options, so we can tailor your policy to suit your needs. Essential Cover Loan Repayment Insurance cover also offers additional benefits*.
|Involuntary Unemployment Cover|
|Essential Cover Loan Repayment Insurance provides you with a replacement income during periods of illness or injury, up to a maximum of $3,500 per month for a maximum of 180 days.*|
|Essential Cover Loan Repayment Insurance is all about protecting your lifestyle and giving you some choices when unexpected illness strikes. It provides a lump sum amount on the diagnosis, or occurrence of specific illnesses such as heart attack, cancer or stroke.* It can also help you to pay for unexpected medical costs or even repay large debts such as a mortgage.|
|For more information or to apply by phone|
|Please call Community First Direct on 1300 13 22 77, visit your local Community First Financial Services Store, or send an email to arrange to have a Member Service Officer contact you|
|View the Essential Cover Loan Repayment Insurance Product Disclosure Statement >|
|Trauma Cover insurance is underwritten by The National Mutual Life Association of Australasia Ltd ABN 72 004 020 437. Disablement insurance is underwritten by CGU Insurance (Aust.) Pty. Ltd. ABN 80 000 886 680.|
We will receive a commission from CGU Insurance for arranging this policy. Details of the commission we receive can be found in our Financial Services Guide. Community First does not guarantee the payment of benefits under the policy or the repayment of any premium.
Community First Credit Union acts under our own Australian Financial Services Licence and under an agreement with the insurer, CGU Insurance Limited ABN 27 004 478 371 (CGU), the issuer of these products. The insurer of the Life and Trauma cover is National Mutual Life Association of Australasia Ltd ABN 72 004 020 437 AFSL No. 234 649 (NMLA) a member of the AMP Group. CGU administers the Life and Trauma cover on behalf of NMLA and CGU’s liability under that policy is limited to the administration of that cover including the management of claims. This information is general advice only and does not take into account your objectives, financial situation or needs (your "personal circumstances"). Before deciding whether to buy this product you should consider the relevant Product Disclosure Statement (PDS) as appears on this website and your personal circumstances.
If you have Loan Protection Insurance it may, depending on your cover, assist you to meet your loan repayments in the event of your Disablement, Hospitalisation or Involuntary Unemployment, or to pay the outstanding balance of your loan if you die. It can also pay you a benefit if you suffer a Trauma.
Please refer to the "Essential Cover" PDS on this website or your PDS and Policy Schedule if you have purchased this product. For further detail or if you wish to make a claim, please contact CGU on 1800 CGU CCI (1800 248 224).