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Loan Repayment Insurance

When you first take out a loan it’s because you know you can afford to. But a change in jobs, relationships or health can leave you struggling to make your repayments. Loan Repayment Insurance protects you against the unexpected!

Loan Repayment Insurance will assist you:

  • If you are off work due to sickness or an accident.
  • If you become involuntarily unemployed.
  • In the event of death.
  • In the event of trauma.

What is Loan Repayment Insurance?

Depending on the type of protection you have selected Loan Repayment Insurance* pays or contributes to your loan repayments if you are unable to work due to injury or sickness or in the event that you become involuntarily unemployed. In the event of your death, life cover will repay your outstanding loan balance. Essential Cover protects Home Loans and Express Credit facilities up to $500,000.

Questions?

If you have any questions, please contact us

* Loan repayment insurance is optional, although recommended by The Mutual. Loan repayments will be made for you (either in part or in full). Cover is also available for joint borrowers. Eligibility conditions may apply.

Insurance issued by  Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. This website contains general advice only and doesn't take into account what you currently have, want and need for your personal circumstances. It is important for you to consider these matters and read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS that may apply (which are all available from any branch of The Mutual) before you make a decision about an insurance product.