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No one can tell exactly what will happen in the future but death, disability and unemployment are unfortunate events which can affect anyone, at any time in one’s life.
They are events you should take into account when taking out a loan. It would be very reassuring to know that your family will be looked after if you're not able to yourself. For instance, if you were injured or suddenly fell ill and were unable to work, how would you meet your financial commitments? The good news is, if the unexpected happens and you can't work due to injury, disability or unemployment, you can get help.
As the people you rely on to look after your money, it's our job to assist in protecting you and your finances. Through our preferred insurance provider,Allianz, we offer Consumer Credit Insurance to help cover your Big Sky mortgage or loan repayments.
An Allianz Consumer Credit Insurance (CCI) policy offers a range of benefits, helping you to meet your loan or mortgage payments when circumstances may not allow you to.
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- Mortgage Repayment Insurance Covers your mortgage repayment(s) in the event of unforeseen circumstances up to a maximum of $500,000
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- No Medical required to apply
- Premium is included in the total loan amount and covers you for a 5 year period
- Your choice of five cover options
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- Loan Cover Insurance meets your personal or motor vehicle loan repayment(s) in the event of unforeseen circumstances up to a maximum of $80,000.
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- Premium is included in the total loan amount and covers you for the term of the loan
- Your choice of five cover options
- If there is a general increase to the interest rate resulting in the term of the loan being extended, the period of insurance will be extended by up to 6 months at no-extra cost.
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- Continuous Credit Insurance covers your minimum monthly Credit Card payment in the event of an unforeseen circumstance up to a maximum of $35,000
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- Premium is only payable when a balance is due on your credit card
- Your choice of five cover options
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- If you do make a claim, all benefits of Allianz Consumer Credit Insurance are paid directly to Big Sky, saving you from having to arrange the payment yourself.
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Related information
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Loans
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Allianz Australia Insurance Limited (Allianz) AFS Licence No. 234708 ABN 15 000 122 850 is the insurer of the disability cover and unemployment cover and is only responsible for these covers. Allianz Australia Life Insurance Limited (Allianz Life) AFS Licence No. 296559 ABN 27 076 033 782 is the insurer of the death cover and is only responsible for this cover.
Big Sky Credit Union act as agent for Allianz and Allianz Life not as your agent. A Product Disclosure Statement (PDS) for the insurance products can be requested by calling 1300 654 321, between 9:00am and 5:00pm Monday to Friday. Any advice here does not take into consideration your objectives, financial situation or needs which you should consider before acting on our recommendations. You should read and consider the PDS before deciding whether to acquire any product mentioned. Any advice here does not take into consideration your objectives, financial situation or needs which you should consider before acting on our recommendations. You should consult the Product Disclosure Statement for each product and the Financial Services Guide before making a decision to apply for products with Big Sky Credit Union. We receive commission on these insurance products as a percentage of the premium paid for each policy ranging from 10% -20%.
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