Mortgage Repayment Insurance
The financial commitment undertaken when you obtain a new Wide Bay Australia home loan can be worrying - especially during the early years of your loan when the equity in your home is low.
Mortgage Repayment Insurance* means that if the unforeseen happens, your monthly repayments will be made(up to the policy limits).
| Disability cover |
|
Helps you meet your Wide Bay Australia mortgage
repayments if you are unable to work due to injury or illness - up
to a maximum of 24 months and $500,000 in total |
| Unemployment cover |
|
Helps you meet part of your Wide Bay Australia mortgage repayments
if you become unemployed through no fault of your own - up to a maximum
of 4 months for each period of unemployment and $3,000 per
month |
| Death cover |
|
Pays the outstanding balance of your Wide Bay
Australia mortgage if you should die - up to a maximum of $500,000
in total
|
| Choice |
|
You choose your own cover combination:
- Death, disability and unemployment
- Disability and unemployment
- Death and disability
- Disability only, or
- Death only
|
| Flexibility |
|
Cover may be held singly by one borrower or by each borrower |
*This insurance is only available to new Wide Bay Australia home loan customers who apply prior to loan settlement and who meet underwriting criteria. All benefit payments are made direct to Wide Bay Australia Ltd.
**
This is a summary of features only – full details of cover, limits and exclusions are available in the relevant Product Disclosure Statement.
This insurance is available from Wide Bay Australia Ltd ABN 40 087 652 060 (AFSL: 239686) ("Wide Bay Australia Widecover") - in offering this insurance we act as an agent of Allianz Australia Insurance Limited ABN 15 000 122 850 (AFSL:234708) ("Allianz") - not as your agent. Allianz is the underwriter of the "Disability" and "Unemployment" Covers available on this policy. "Death Cover" is provided by Allianz Australia Life Insurance Limited ABN 27 076 033 782 (AFSL: 296559) ("Allianz Life"). Allianz acts as Allianz Life's agent in offering the Death Cover. To help make an informed decision about whether to acquire an Allianz insurance product through Wide Bay Australia Widecover you should read our Wide Bay Australia Financial Services Guide (PDF, 281KB) and the Product Disclosure Statement. We do not provide advice about the policy based on any consideration of your personal objectives, financial situation or needs. To decide if it is right for you please carefully read the Product Disclosure Statement (PDF, 271KB)
