MemberCare Mortgage Insurance

It's hard to imagine that you could become sick or injured and be unable to work, or that you could suddenly lose your job. Hardest of all to imagine is that you might die? If the worst was to happen, could you and your family continue to meet your mortgage repayments?

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

Death Cover
• The benefit payable is the outstanding balance of your loan contract up to a maximum of $350,000
• For a policy in joint names, only one claim is payable

Disability Cover
• The maximum monthly benefit is the lesser of the insured repayment amount selected by you as shown in your policy schedule and $3,000 per month, no matter how many claims are made by all covered persons.
• The maximum benefit payable is for a period equivalent to 36 monthly loan repayments but only if the policy remains in force during that period.

Involuntary Unemployment Cover
• The maximum monthly benefit is the lesser of the insured repayment amount as shown in your policy schedule and $3,000 per month, no matter how many claims are made by all covered persons.
• The monthly benefit is paid for a maximum period of 3 months during any consecutive 12-month period.
• The maximum benefit payable for all claims during the period of insurance is $10,000.

Trauma Cover
• The benefit is the lesser of the outstanding balance and $50,000.
• Only one claim can be made during the period of insurance.

At Claims Time
We know how difficult it is when the time comes to make a claim, so CUNA Mutual Group have made the claims process as easy and stress-free as possible. The Claims Service Centre is accessible Monday to Friday, 8.30am to 5.00pm EST and the claims team will be there to support you throughout the claims process.

(Download the MemberCare Mortgage Insure PDS)

Taking up MemberCare Mortgage Insure is easy. To obtain a quote, simply ring our Member Contact Centre on 1300 365 7 24 between 8am and 6pm, Monday to Friday.

*Terms and Conditions apply. Before making a decision about your insurance needs, please refer to the Product Disclosure Statement available by calling Holiday Coast Credit Union AFSL 240782 issued by CUNA Mutual General Insurance AFSL 245491 and/or CUNA Mutual Life Australia Limited AFSL 245492.