What would happen if you could no longer pay your loan? Unemployment, redundancy, sickness or disability cause financial strain as the bills keep coming in even when the income doesn’t.
Depending you the cover chosen, Consumer Credit Insurance will meet your loan repayments (up to maximum policy benefits) if you become sick, have an accident or become involuntarily unemployed.
It is always a good idea to consider the Product Disclosure Statement from the product issuer to ensure the policy is right for you. Contact one of our finance and insurance specialists if you have any question.