MemberCare Mortgage Insure, underwritten by CUNA Mutual Group*, covers your mortgage repayments or may even pay out your mortgage for you, with affordable premiums packaged into your home loan.
Benefits at a glance:
- Cover you can tailor to meet your needs
- Choose death and/or disability cover with an option to add involuntary unemployment benefits
- Up to $500,000 cover in the event of death
- Up to $50,000 cover if you suffer trauma
- Covers your mortgage repayments for up to 36 months in the event you are disabled
- Up to $10,000 benefit during the period of insurance for involuntary unemployment with a maximum of 3 monthly mortgage payments in any 12 month period
- Best of all, you have the peace of mind of knowing that, should you suffer any of the above events, your loan repayments can be taken care of while you and your family can concentrate on getting on with life.
Taking up MemberCare Loan Insure is easy.
To obtain a quote, simply ring 1300 13 23 28.
Any advice provided has not considered your personal objectives, financial situation or needs. Therefore, before acting on our advice and acquiring this insurance product, and as insurance policies have certain conditions, limitations and exclusions, you should review the Product Disclosure Statement (available from any of our branches or by phoning 02 1300 13 23 28) and consider whether the advice provided is appropriate to your financial situation, objectives and needs.
The Australian Defence Credit Union Limited (ADCU) can issue, vary, and cancel MemberCare Mortgage Insure under a binder given to it by the insurers CUNA Mutual Group*, CUNA Mutual Life Australia Limited (death and trauma coverage) and CUNA Mutual General Insurance (involuntary unemployment and disability coverage). A binder allows ADCU to enter into contracts that are risk insurance products on behalf of the insurer as insurer. This means that the insurance policy issued to you by ADCU is binding on the insurer just as if it had issued the policy itself.
