Disability, Life & Trauma Insurance

Do you wish to manage the risks inherent to being a responsible party to a loan?

Illness doesn’t discriminate – Would you and your family cope? More than three out of four Australians will be diagnosed with a serious illness in their working life. One in five working age parents will die or become seriously ill or injured. One third of women and a quarter of men will suffer from some form of cancer during their lifetime.

You can’t predict it. Often you can’t prevent it.

 

Life events and loan serviceability

Everyday life events can impact your ability to meet your loan repayments.

As part of responsible lending legislation, Naritas has a duty to ensure you have the capacity to service your loan without undue hardship. We take this obligation seriously.

It’s about protecting your way of life.

 

How would you meet your loan repayments if you lost your job or suffered a serious injury, illness or even death?

  • Use savings
  • Use super
  • Family would assist
  • Rely on partner’s income
  • Sell home or other assets
  • Not Sure?

Many Australians with mortgages do not have adequate cover in place to service their loan in the event they lost their job, suffered a serious illness, injury or death.

 

Loan Protection Plan benefits at a glance:

  • Death and Terminal Illness Benefit (12 months life expectancy). Pays the loan amount rounded up to the next $10,000 this is subject to a minimum of $50,000 and a maximum of $750,000
  • Living Benefit covers 11 serious medical conditions. Pays 30% of the Death Benefit
  • Up to 3 monthly benefits for involuntary unemployment occurring within the first 12 months of the policy (a one month waiting period applies)
  • 30 days free cover – valuable time for you to evaluate your protection needs
  • Multiple borrowers can be covered including non-applicant spouses of borrowers
  • No medicals required and cover available for all occupations
  • Benefits are paid directly to you and can be used for any purpose

Why choose Naritas to assist with your insurance needs?

 

Next steps

It’s important that you take the time to consider how you would meet you loan repayments should the unthinkable happen. Loan Protection Plan is an affordable solution that provides peace of mind by helping protect you and your family, your assets and your lifestyle.