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At Community First, we put our members before profit.

Loan Repayment Insurance



Mortgage Repayment Cover

Essential Cover Loan Repayment Insurance gives you financial peace of mind that, should the unexpected happen, such as a serious sickness or an accident, your mortgage loan repayments will be met for up to 30 months. If you should die, your outstanding loan will be paid off. Our Essential Cover Loan Repayment Insurance is underwritten by Swann Insurance, a leading Australian insurance company.

We offer a range of cover options, so we can tailor your policy to suit your needs. This insurance the following additional benefits*:

Benefits

  • No medical examination is required to qualify for insurance unless you suffer a serious health problem or need cover above our automatic limit.
  • Premiums can be included in your loan
  • Monthly instalments are available
  • Amateur or professional sports (excluding professional motor racing) are covered
  • Joint cover is available at a reduced premium for the second borrower
  • World-wide cover
  • Work-related injuries are covered
  • Your policy will pay in addition to other benefits such as Workers' Compensation, etc.
  • Cover if you become involuntary unemployed - please refer to the policy booklet for full details

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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*.

Benefits

  • No medical examination is required to qualify for insurance
  • Premiums can be included in your loan
  • Monthly instalments are available
  • Amateur or professional sports (excluding professional motor racing) are covered
  • Joint cover is available for a reduced premium
  • World-wide cover
  • Work-related injuries are covered
  • Your policy will pay in addition to other benefits such as Workers' Compensation, etc.

 
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. *

Cash Assist (Trauma Cover)

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

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This page contains an outline of cover only. Full details are contained in the policy booklet available from Community First or click here for a copy of the policy. Any policy issued will be based on the full policy terms and conditions.

CashAssist insurance is underwritten by The National Mutual Life Association of Australasia Ltd ABN 72 004 020 437. Disablement insurance is underwritten by Swann Insurance (Aust.) Pty. Ltd. ABN 80 000 886 680.

Community First Credit Union Limited, ABN 80 087 648 938 acts as an agent of Swann Insurance (Aust.) Pty. Ltd. ABN 80 000 886 680 AFSL No. 238292. Contact number 1300 30 79 26.

We will receive a commission from Swann 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.

A Product Disclosure Statement (PDS) for this product is available at our offices. We will give you a PDS on application, which you should read and consider in deciding whether to buy or hold the product.

This is general advice only and does not take into account your individual objectives, financial situation or needs ("your personal circumstances"). Before using this advice to decide whether to purchase this insurance policy, you should consider the appropriateness of it having regard to your personal circumstances, plus obtain and consider the current Product Disclosure Statement for the particular insurance policy