LOAN PROTECTION
What It Is and Why Its Important
Austalia Life Insurance Group ( ALI Group ),
Provide cover to protect customers from Life Circumstances that may affect their financial ability to repay their Mortage Repayments.
Please Watch Video (A) on Right
Which Explains what a Loan Protection Policy Is.
What Many People Don't Realise is,
The Moment they set up a Mortgage,
it is also the same time they should consider setting up a Personal Protection Plan,
Momentarily after one obtains a Mortgage,
In terms of Monthly Commitments, this is the point when they are at the peak of their Financial Vulnerability,
And Until the Mortgage is paid out or for the remainder of its 30-year term their Financial Vulnerability may only further escalate should they get further in debt or decide to raise a family.
Should they suffer an Injury or Tragedy,
And Do Not have any form of Personal Protection in place,
They are potentially leaving themselves exposed to not being able to meet their Mortgage Repayments should the Unexpected Strike.
Until one has been placed in such a situation
The realisation of understanding the severity of not having cover may be too late as such an event may have dramatically altered their way of living.
But it doesn't have to be that way.
That's where setting up a Personal Protection Plan comes into play and is an Essential Part of the Home Loan Application Process.
The ALI Group provides Zebra Financial with an
Easy, Simple and Affordable solution to assist customers in setting up a Personal Protection Plan and provide protection for their loan, giving them Peace of Mind.
Loan Protection provides cover against Known Probabilities that We All Must Face at Some Point in our Life.
The only thing is that we don't know, is When?
Loan Protection Cover Includes Cover For:
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Death & Terminal Illness,
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Living Benefits
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Involuntary Unemployment
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Accidental Injury (Optional)
Did you know that 83% of Australians have comprehensive car insurance and 77% have home or contents insurance?
Yet, only 4% of Australian families have the recommended amount of life cover.
81% say life insurance is not affordable.
However, 61% overestimate the cost.
With ALI Group Loan Protection, you're given the ability to adjust your level of the cover according to what is affordable to you.
If you have a set maximum amount that you would like to pay for your cover, Such Protection can be varied according to your budget.
Protect Yourself When You Need It The Most!
Please Watch Video (B) on Right
Explaining Importance of Setting Up Cover.
Please Watch the Below Video
Video (A) - EXPLANATION TO LOAN PROTECTION
Pricing Example per $100,000 Life Insurance Cover
Pricing examples quoted below, don't include the $7 monthly administration fee that applies to a policy and as such you must factor this in when calculating your premium.
Please note that the table below is a condensed version of the full pricing list which can be found on the back of the Product Brochure issued by the ALI Group.
AGE
Please Watch the Below Video
Video (B) - IMPORTANCE OF LOAN PROTECTION
Benefits of Cover
1. Death and Terminal Illness Benefit
A lump sum benefit to help keep the roof over your family’s head:
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Payment of up to $750,000
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Operates independently of loan
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Benefit is paid to joint policy owner or your estate, not the lender
2. Living Benefit
Get financial support during time of a crisis for eleven serious medical conditions:
Cancer*, heart attack*, stroke*, coronary artery bypass*, Alzheimer's and dementia, kidney failure, paralysis, severe burns, loss of independent existence, total loss of hearing and total loss of sight.
Pre-existing condition exclusions apply, and a 3 month exclusion period applies to those conditions marked with *.
3. Involuntary Unemployment Benefit
Be paid up to three months' benefits for involuntary unemployment occurring during the first five years of our Loan Protection policy – a financial helping hand while you look for work.
4. Accidental Injury Benefit
'OPTIONAL EXTRA'
In cases where you are unable to work for 30 days due to a disabling injury, you will be provided with up to 3 months benefits. This benefit seeks to provide you with financial assistance while you recover.
For more information regarding these products, please feel free to contact us or visit: https://www.aligroup.com.au/Types-of-cover/Loan-Protection-Plan/loan-protection-plan
Important Documents to Print and Read
PDS
Product Disclosure Document
Important Brochure Explaining All Terms and Conditions of the Policy
FSG
Financial Services Guide
Document providing information on service provided
SIGNING PAGE
Acknowledgment Form
Client Response to Either Accept or Decline Policy
The Facts
More than 75% of Australians will be diagnosed with a serious illness within their working lives.
Approximately one third of women and a quarter of men will suffer from some form of cancer during their lifetime.
One in five parents will die or become seriously injured in the duration of their working lives.
Welcome Video
HOW TO ADVISE INSURER OF A PRE-EXISTING CONDITION
1. Call ALI GROUP Mon – Fri 9:00am – 7:00pm AEDT on 1800 006 776
To Advise of Pre Existing Condition that you are Concerned About
2. During the Phone Call, the Advisor will advise you if Pre-existing condition will act as an Exclusion on Your Policy
You’ll also be notified of what other information’s required for your claim.
3. You will receive via Email outcome of Call in writing if Exclusions will apply to your policy.
4. From there, you then decide whether you still wish to have the applicable cover, less any Excluded Items.
1. Call ALI GROUP Mon – Fri 9:00am – 7:00pm AEDT on 1800 006 776
To Advise which type of benefit you plan to claim on and they will send documents to you to start the claims process.
2. The claims documents you shall receive may include forms for both you and your medical practitioner to fill in.
You’ll also be notified of what other information’s required for your claim.
3. Once the documents are returned they will then commence working on a claim outcome.
They may require more information from you or your treating doctor and shall keep you updated along the way.
4. Once a Decision has been made by the insurer, they will be in touch with your claim outcome.