BSB 805 050

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BSB 805 050

Personal Insurances

Protecting your income, lifestyle and loved ones

Personal Insurances aren’t about saving for disasters you think will never happen; it’s a matter of protecting yourself, your family, dependents and your lifestyle against loss.

Many people insure their home, their personal possessions and their car, but fail to insure their most important asset; their ability to produce an income and safeguard future interests.

It’s probably not something you like to think about, but if you had an accident or became seriously ill and were unable to work, would you have enough savings or insurance to deal with the financial consequences?

If you suffered a major illness and needed extensive medical treatment, time off work or modifications to your home, could you afford these expenses?

If you died, would your family or other dependents cope financially?

There are generally three main considerations; insurance to cover your debts so they’re not passed onto your family; insurance to cover medical expenses and short term drops in income; and, if your income is important to your family’s lifestyle, insurance to provide an income stream if you can no longer work.

To learn more about Personal Insurance as part of your Financial Planning journey with us,  download our brochure here. 

Our Financial Planners can help you with a range of Personal Insurance options including:

  • Income Protection
    • Provides an income when you're unable to work due to sickness, injury or accident
    • Arguably one of the most important types of insurance
    • Income protection can pay up to 75% of your salary for a pre-determined benefit period
    • Premiums are generally tax-deductible, depending on your individual circumstances
  • Life Insurance
    • Provides a lump sum payment if you die or become terminally ill
    • Paid to your beneficiaries or estate
    • Can be used to pay off debts and provide for your dependents
    • Premiums can be paid through Superannuation to minimise out of pocket expenses
  • Trauma Insurance
    • Provides a lump sum if you survive for 14 days after some serious medical conditions (such as heart attack, cancer, stroke)
    • Can cover 40+ medical conditions depending on the product chosen
    • Can be used to cover medical and related expenses and top-up lost income
    • Helps relieve financial worries so you can focus on getting better
  • Total and permanent Disability Insurance
    • Provides a lump sum if a sickness or injury leaves you totally and permanently disabled and unable to work
    • Not related to any specific illnesses or injury
    • Generally used to cover medical costs and lifestyle changes
    • Ensure financial peace-of-mind in the face of no future income

You can enquire about Personal Insurance online, over the phone by calling 1300 132 982  or by visiting your nearest branch.

Most popular questions...

More questions...

  • When should I see a Financial Planner?

    Generally, the main reasons most people seek financial advice is to either protect themselves and their family in the event of serious illness or injury, grow their wealth through their working years and plan for retirmement.  We can help with all of this and more, but above all , we can help provide peace of mind so that you can enjoy the important things in life.  It is never too late to seek advice from a Financial Planner, but it is always better to start early.  Remember, the best time to invest was 20 years ago, and in 20 years time, the best time to invest would be today.  Our experienced Financial Planners can help you plan for your future and protect your family at any time or at any stage of your life.

  • Why did People’s Choice partner with BT?

    Historically, People’s Choice Credit Union has used multiple service and product manufacturers to provide financial solutions for our members. Given our size, the decision was taken to use this scale to secure a competitive fee structure for our members’ superannuation, investment & insurance needs.
    We will also benefit from BT’s experience more broadly in terms of working in partnership with a large financial institution as we continue to build a stronger Credit Union.

  • Why did People’s Choice select BT?

    People’s Choice chose to partner with BT following a rigorous tender process, because we are determined to provide the greatest benefit across a number of key criteria to our members now, and into the future.
    BT Wrap is also currently the largest Wrap platform in the country when measured by funds under advice, and has won the Smart Investor platform of the year for 2011, 2012 and 2013.

  • Who is BT?

    BT is the investment arm of Westpac. They have been helping Australians create and manage wealth since 1969 and today is one of Australia’s leading wealth managers with over $144 billion in funds under management and administration.

  • Who do I refer queries to?

    All queries should be made via a qualified Financial Planner. To make an appointment today please visit our website or contact the Financial Planning Support Team on 1300 132 982 or at [email protected]

  • What is a WRAP?

    A WRAP allows you to hold all of your investments in a single and tax effective vehicle. It provides tax calculations to investors at an individual account level, allowing them to receive the true benefit of their investments and transactions.

  • What are the key member benefits?

    People's Choice Credit Union has now formed relationships with both retail and industry superannuation funds. This allows our advisers to select the best investments to meet our members needs and long term goals. 

People's Choice Credit Union - BT Login

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Please call us on 1300 132 982 from 9am - 5pm, Mon – Fri (ACDT) to arrange for a Financial Planner to contact you. Alternatively you can enquire online.

The information above is not intended to constitute financial advice and does not take into consideration your personal objectives, financial situation or needs. Before deciding whether a financial product is appropriate for you, you should obtain and consider the Product Disclosure Statement (PDS) for the product, and all other relevant documents, and consider obtaining financial advice. You can speak with a People’s Choice Financial Planner to obtain further information, financial advice or copies of the PDS for any financial product we distribute or make available. Contact us on 1300 132 982, or email [email protected] to make an appointment.

People’s Choice Credit Union, a trading name of Australian Central Credit Union Ltd ABN 11 087 651 125 (People’s Choice), acts under its own Australian Financial Services Licence (AFSL 244310) and Australian Credit Licence (ACL 244310). In Western Australia, our Financial Planning is provided through Financial Solutions Australasia Pty Ltd ABN 36 008 939 599 AFSL 244308 (Financial Solutions), a wholly owned subsidiary of People’s Choice. Financial Solutions is not an authorised deposit-taking institution and its obligations do not constitute deposits or liabilities of People’s Choice and are not guaranteed or supported by People’s Choice.

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