ANZ

The ANZ website contains the following categories:

Education

Consumer Credit Insurance

There are a number of options available:

Mortgage Protection Insurance

Mortgage Protection Insurance ensures that if you have an unfortunate accident, your mortgage is taken care of. Your mortgage repayments are paid should you be unable to work due to illness, injury or involuntary unemployment. Your mortgage is paid in full if you were to die.

Why would I need Mortgage Protection Insurance?

Taking out a mortgage can be one of the biggest financial decisions you will make in your lifetime. It makes sense to ensure you are able to meet your mortgage repayments and keep your house should you suffer an accident and be unable to work.

How much cover do I need?

The amount of cover is determined by the amount of your loan and loan repayments. Depending on eligibility criteria, you will generally have the choice of opting to cover the loan amount in the event of your death, the loan repayments if you are unable to work, or both.

Points to consider...
  • Taking out a mortgage protection policy will provide protection for your mortgage, but remember there are other financial commitments you would need to meet in times of strife. Consider what requirements you have for life insurance in addition to debt protection

  • How long a disability or involuntary unemployment claim will be paid for

  • How long you have to wait before a benefit is paid

  • How long is the policy term

  • What is the eligibility criteria

  • Do you have a choice funding the premiums into the loan or paying by the month?

Consider these statistics

  • According to the Institute of Actuaries, 1 in 3 Australians aged 30 will suffer a long-term disability of three months or more before age 65 (Report of the Disability Committee, May 1997).

Find out more about Mortgage Protection Insurance.

Loan Protection Insurance

Loan Protection Insurance ensures that if you have an unfortunate accident, your mortgage is taken care of. Your loan repayments are paid should you be unable to work due to illness, injury or involuntary unemployment. Your loan is paid in full if you were to die.

Why would I need Loan Protection Insurance?

Taking out a loan can be a significant burden on your finances. It makes sense to ensure you are able to meet your loan repayments and maintain a good credit rating should you suffer an accident and be unable to work.

How much cover do I need?

The amount of cover is determined by the amount of your mortgage and mortgage repayments. Depending on eligibility criteria, you will generally have the choice of opting to cover the mortgage amount in the event of your death, the mortgage repayments if you are unable to work, or both.

Points to consider...

Find out more about Loan Protection Insurance.

Credit Card Insurance

Credit Card Insurance ensures that if you have an unfortunate accident, your credit card balance is taken care of. Your credit card repayments are paid should you be unable to work due to illness, injury or involuntary unemployment. The outstanding balance on your credit card is paid in full if you were to die or become permanently disabled.

Why would I need Credit Card Insurance?

A credit card can be a significant burden on your finances. It makes sense to ensure you are able to repay your outstanding balance and maintain a good credit rating should you suffer an accident and be unable to work.

How much cover do I need?

The amount of cover is determined by the outstanding balance of your credit card.

Points to consider...

Find out more about Credit Card Insurance.