Everyday lfe events can impact your ability to make your loan repayments. Making you aware of loan protection is Pioneer's moral responsibility so you can make an informed decision.
Pioneer's Loan Protection Plan
- First 30 days of cover FREE
- No Medicals
- Flexible & Affordable Premiums
- All Jobs Covered
It's important to take the time to consider how you could protect your way of life and find the right solution for your family. Pioneer can provide you with more information about how our Loan Protection Plan product can help you should something happen. Loan Protection Plan is a simple life insurance produt that provides peace of mind if the unthinkable happens.
- Equal to 30% of the Death & Terminal Illness Benefit
- Paid if the insured person suffers from a pre-listed condition during the term of the insurance (refer to PDS by calling us on 1300 977 680 )
*A three month exclusion period from the commencement of the policy may apply to certain conditions.
Death & Terminal Illness Benefit
- Total loan amount protected*
- Operates independent of loan
- Lump sum benefit can be used for any purpose - paid to joint owner of estate not lender
*Based on the loan amount rounded to the next $10,000 (min $50,000 and maximum $750,000).
Involuntary Unemployment Benefit
- 3 months cover for involuntary unemployment occuring during first year of policy (paid at the rate of 1% of the Death Benefit per month* (max. $2,500 per month) ).
- A helping hand while you look for employment
*A one month waiting period applies.
This information has been prepared by Australian Life Insurance Distribution Pty Limited (ABN 31 1031 57811) which holds an Australian Financial Services License (AFSL 226 403). Pioneer's loan consultants act as authorised representatives of the licensee in offering to arrange for you to obtain cover.
Pioneer's Loan Protection Plan is issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484 (Death, Terminal Illness and Living Benefit) and QBE Insurance (Australia) Limited ABN 78 003 191 035, (AFSL 239545) (Involuntary Unemployment Benefit). Pioneer may receive commission for each policy sold. For more information about our remuneration, please refer to the FSG available by calling us on 1300 977 680 . Any advice provided is of a general nature only and does not take into consideration your objectives, financial situation or needs. You should consider the Product Disclosure Statement (available by calling us on 1300 977 680 ) when deciding if this product is appropriate for you.
Please call us on 1300 977 680 at any time for more information regarding this product.
Loan Protection offers a simple & affordable life insurance at the time you apply for a loan. You can even obtain cover when you have previously suffered from a serious illness or injury! Choose the cover to suit your needs and adjust the level of cover to suit your budget - it's that easy!
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