Yellow Brick Road Loan Protect is an affordable solution and can give you peace of mind for less than a cup of coffee a day.
With our loan protection insurance, you’ll be taking a simple, affordable precaution that could have enormous benefits if the unforeseen occurs.
Your loan protection insurance can continue even after you have paid off your home loan, as it operates independently of your loan. You can use the payout for any purpose, as it is paid directly to you.
We cover you when you need it most
You or your family are covered up to $1 million if the worst happens, such as terminal illness with less than a year to live, or worse.
Below is an overview of the policy, if you want more detail, please feel free to contact a Yellow Brick Road Wealth Manager to walk you through our loan protection insurance.
If you do not have work
If you are made involuntarily redundant for more than 30 days, you can be paid up to $2,500 per month for three months in the first year of your policy.
When your health is affected
If you are diagnosed with any of one of the below medical conditions, you can be paid a lump sum of up to 30% of your death and terminal illness benefit.
- Heart attack1
- Coronary artery bypass surgery1
- Alzheimer’s disease
- Kidney failure
- Severe burns
- Loss of independent existence
- Total loss of hearing
- Total loss of sight
1 We do have a three month exclusion period with these medical conditions.
We have covered people for death, war injuries and cancer up to $260,000.
*3 month exclusion period applies to cancer, heart attack or stroke. Some cancers excluded. Please read the full definition of each insured condition. See Policy Document for details.
Yellow Brick Road Loan Protect is issued by MetLife Insurance Limited ABN 75 004 274, 882 AFSL 238096 (MetLife) (Death, Terminal Illness & Critical Illness Benefit) and Chubb Insurance Australia Limited ABN 23 001 642 020 AFSL 239687 (Chubb) (Involuntary Unemployment Benefit). It is distributed and marketed by Authorised Representatives of Yellow Brick Road Wealth Management Pty Limited ABN 93 128 650 037, AFSL 323825, a wholly owned subsidiary of Yellow Brick Road Group Pty Limited ABN 58 124 415 194.
The information provided is of general nature and cannot be relied upon or construed as any form of advice. The information provided does not take into account your objectives, financial situation or needs. You should consider if the information is appropriate for you before making a decision. You should always seek independent financial and legal advice before making a decision in relation to a financial product.
Read the Product Disclosure Statement (PDS) and the Financial Services Guide (FSG) before making a decision.