BSB 805 050

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BSB 805 050

Mortgage Protection Plus

Protect yourself from unexpected changes with insurance cover for disablement, involuntary employment, life and trauma

Mortgage Protection Plus

Dont let a setback put your home in jeopardy

Meeting home loan repayments is an important responsibility. But if you were unable to work due to illness or injury, lost your job involuntarily or if you passed away, how would your family cope with the repayments? That’s why People’s Choice has partnered with QBE to offer Mortgage Protection Plus, to assist members in protecting their home and lifestyle from life’s unexpected events.

If you are applying for a home loan or have an existing home loan with People’s Choice, get a quote today by calling one of our Mortgage Protection Specialists on 1300 854 059.

Need more information? Click on the FAQ tab at the top of this page for eligibility criteria and key exclusions or refer to the Product Disclosure Statement (PDS).


What are my cover options?

  • Disablement due to illness or injury - up to $3,000 per month until you are able to return to work or the claim reaches its benefit limit being the lesser of 36 months or when the loan balance has been repaid. A waiting period of 28 days applies before a claim of disability can be made.
  • Involuntary unemployment - up to three (3) months in any consecutive twelve (12) month period. The maximum amount we will pay is $10,000 during the first five (5) years.
  • Life cover – the loan balance/credit limit as at the date of death or $500,000, whichever is lesser
  • Trauma cover (in the event of Trauma e.g. Heart Attack, Coronary Artery Surgery, Stroke, Major Organ Transplant, Chronic Kidney Failure, Cancer) – automatic cover of $10,000 which can be increased up to $50,000 depending on your loan amount.

Please refer to the Product Disclosure Statement (PDS) for full eligibility criteria, details of cover limits, exclusions and terms and conditions.

 

 

Most popular questions...

More questions...

  • How long does Mortgage Protection Plus policy cover me for?

    Mortgage Protection Plus is offered as a 12 month policy and prior to the anniversary date, a renewal will be offered, contingent on the insured continuing to meet the eligibility criteria.

    If your Mortgage Protection Plus policy is paid via instalments, your policy will continue following the renewal date unless the policy is cancelled.

    Mortgage Protection Plus is portable and can be transferred to another People’s Choice home loan if you are refinancing.

    Refer to the PDS for a full list of events that will end your cover early.

  • What options are available to pay the Mortgage Protection Plus premium?

    Premiums can be paid by:

    • Periodic instalments from your bank account or credit card
    • One annual payment by credit card or BPAY

     

    Your premium and how you’ve chosen to pay it is set out on your policy schedule.

hi…

Thank you for your enquiry. Unfortunately we don’t have a branch in this area, so please call us on 13 11 82 to see how we can still help you.

Subject to the product issuer’s underwriting rules and acceptance guidelines. Terms, conditions and exclusions apply and are available upon application. Excess periods may apply. Refer to the Product Disclosure Statement (PDS) for more details.

The PDS is issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 and Integrity Life Australia Limited ABN 83 089 981 073 AFSL 245492 on behalf of the insurers. QBE Insurance (Australia) Limited and Integrity Life Australia Limited each take full responsibility for the contents of the whole PDS. The insurer of disability and involuntary unemployment covers is QBE Insurance (Australia) Limited. The insurer of life and trauma covers is Integrity Life Australia Limited, except where trauma cover is selected but life cover is not. If trauma cover only is selected then QBE Insurance (Australia) Limited is the insurer.

The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Product Disclosure Statement (PDS), other Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

Commission of 20% of the premium is paid to People’s Choice Credit Union. It is not an additional charge to you and it is included in the premium payable.

People’s Choice Credit Union, a trading name of Australian Central Credit Union Ltd ABN 11 087 651 125 AFSL 244310, acts under its own Australian Financial Service Licence and under an agreement with the insurers, QBE Insurance (Australia) Limited and Integrity Life (Australia) Limited.

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