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Loan Protection Insurance

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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 your family continue to meet your loan commitments?

CGU Essential Cover insurance…protection for you and your family.


  • Cover can be taken out at the time your loan is established
  • Premium can be added onto your loan or direct debited from your account monthly
  • Policy covers you for a term of five years and you will receive a rebate if your loan is paid out earlier
  • Disablement and hospitalisation – assists in meeting loan repayments
  • Involuntary unemployment – assists in meeting loan repayments
  • Life – pays out the outstanding balance of the loan in full or the overdraft or Line of Credit limit up to the policy limit
  • Trauma – a pre specificied lump sum payment paid, up to $50,000, in the event of a trauma (available in conjunction with other covers)

We can help you choose the level and combination of covers that best suits your individual needs. Contact us today for further information or visit your local Warwick Credit Union branch.


If you have any questions, please contact us


Essential Cover Loan Repayment Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance (CGU).  The insurer of the Life and Trauma cover is AMP Life Limited ABN 84079300379 AFSL No. 233671. CGU administers the Life and Trauma cover on behalf of AMP and CGU's liability under that policy is limited to the administration of that cover including the management of claims. Before making a decision on this product, you should read the relevant Product Disclosure Statement. You can obtain a copy of the Product Disclosure Statement(PDS) by contacting CGU or any WCU branch.