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Mortgage Protection

Tailor your Mortgage Protection policy to provide cover for a range of situations.

Mortgage Protection

A new roof over your head? Cover your home loan at the same time

A nest, a castle, a crash pad or a retreat? A new home represents something different to everyone. And for nearly all of us, it will become one of our most significant assets and a long term commitment. Even if you are refinancing or topping up your current mortgage, there’s a fair amount of stress, involved in taking on the responsibility. Plus we all know that, sometimes the unforseen or unexpected can happen in our lives, and it is good to have some peace of mind.

Competitive, convenient cover, backed by QBE

Mortgage Protection Insurance is one of a comprehensive range of insurance solutions WAW offers through our association with QBE Insurance.

Founded in 1886, QBE is one of Australia’s leading insurers. It’s because of QBE’s experience, security and strength – as well as its prompt, efficient and friendly claims service – that we’ve made it our general insurance provider.

This partnership enables us to deliver WAW customers great value and quality insurance products, with all the convenience of still keeping your finances under the same roof.

A choice of cover options

Depending on your own circumstances and dependents, you can tailor a Mortgage Protection policy to provide cover for a range of situations.

A Choice Of Cover Options
Life (Loan Protection) In the event of your death, the outstanding balance of your loan will be paid in full. Cover available up to a maximum of $500,000
Trauma Pays the amount of cover selected by you in the event of positive diagnosis of any of the listed diseases such as chronic kidney failure, heart attack, coronary artery by-pass surgery, stroke, major organ transplant and cancer. Automatic cover or $10,000. You may elect to increase cover in multiples of $5,000 up to $50,000.
Waiting period of 90 Days
Disability For each day you are unable to work due to illness or injury, Disability cover will pay to your Financial Institution 1/30th of your minimum monthly repayment until you are able to return to work. Maximum payable regardless of number of claims made during the period of insurance is $200,000
Waiting period of 30 days
Involuntary Unemployment Should you involuntarily lose your job, for each day you are unemployed, Involuntary Unemployment cover will pay to your Financial Institution 1/30th of your minimum monthly repayment for up to 120 days or until you return to work, whichever occurs first. Maximum payable regardless of number of claims made during the period of insurance is $15,000
Waiting period of 30 days

Sign up now, with flexible payment options.

With WAW you can arrange both your mortgage and Mortgage Protection Insurance at the same time, giving you one less thing to worry about.

For convenience, your premium can be included with your loan repayments. Or, you can pay by cash, cheque, credit card, or in monthly instalments – Whatever suits you best.

To apply, or find out more about this and other insurance solutions, talk to your nearest WAW Service Centre or call us now on 1300 368 555.
 

Easy to arrange, simple to claim

The convenience of having Mortgage Protection Insurance under the same roof as your financial services isn’t the only way we make life easier.

From making your application to making a claim, WAW ensures things are as straight forward as possible.

You can apply online, by phone on 1300 368 555, or at any WAW Service Centre. Flexible payment options include fortnightly, monthly or annual direct debit or credit card payments (excluding Diners Club).

If you do need to make a claim, we won’t make you wade through paperwork. QBE have a 24-hour emergency claims number, and in most cases, you need just provide details over the phone.


Download the Mortgage Protection insurance Product Disclosure Statement here. 

Download the Supplementary Mortgage Protection Product Disclosure Statement here.
 

WAW may receive commission on the sale of this product, please refer to our Financial Services Guide for more details.


Important notes

Terms, conditions and acceptance criteria apply. Cover limits and waiting periods apply as set out in the policy wording. This material does not take into account your personal needs, objectives and financial circumstances and you should consider whether it is appropriate for you. Please read the product disclosure statement available to decide if a product is right for you. 

Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545 for Disability and Involuntary Unemployment and OnePath Life Limited ABN 33 009 657 176 AFSL 238341 for Life and Trauma.