Welcome To Appropriate Finance solution

It’s important that you take the time to consider how you would meet your loan repayments should the unthinkable happen. There are simple, easy to understand and affordable solutions that provide peace of mind by helping protect you and your family, your assets and your lifestyle.

So much emphasis is placed on insuring our cars, property and homes that we rarely consider how we’d pay for all these things if we were to lose our health, life and ultimately our ability to earn an income – our most important asset!

Everyday life events can and will impact your ability to meet your loan repayments. Having a good loan protection policy can ensure you have the capacity to service your loan without undue hardship. This is an important matter and must be taken seriously. It’s about protecting your way of life.

Simple Income Protection

Simple Income Protection has been designed to protect you against an unforeseeable loss of income due to illness or injury. It replaces some or all of your income in the event an illness or injury prevents you from working. The policy benefit payments may help maintain your lifestyle by providing funds to cover expenses such as:

Rent or mortgage repayments
Medical costs
Other insurance premiums – car, house, life etc.
Everyday household bills
Child’s education
Transportation

Who can apply?

Customers can apply for Simple Income Protection if they are:

aged between 18 and 60 years (inclusive);
an Australian or New Zealand citizen or permanent resident residing in Australia; and
currently employed or self-employed.
Simple Income Protection is a single life policy and the insured person must be the policy owner. Transfer of ownership is not permitted.

For more information about any kind of loan, email us at info@a-f-s.com.au

Loan Protection Plan

LPP provides simple, easy to understand loan protection

All borrowers between 18 and 59 years are eligible, no medicals or health questions. No occupational restrictions.

Death & Terminal Illness

Initially the loan amount determines the default levels of cover. Death & Terminal Illness Benefit pays the loan amount rounded up to the nearest $10,000 subject to a minimum of $50,000 and a maximum of $750,000
Spouse or partner of applicant/borrower can obtain cover
Suicide is not covered in first 13 months
Pre-existing conditions are excluded
Some adverse family medical exclusions apply i.e. bowel, breast or ovarian cancer
Death cover can be taken without trauma
Sum Insured can be increased (over the phone) or decreased (on application) to suit needs and budget
Ownership: Joint applicants are joint owners

Living Benefit / Trauma

Cover for 11 serious medical conditions:

Heart attack
Coronary artery bypass
Alzheimer’s and Dementia
Loss of independent existence
Severe burns
Total loss of sight

Cancer
Stroke
Kidney failure
Paralysis
Total loss of hearing

Involuntary Unemployment

Cover for involuntary unemployment occurring during the first year of the policy
Benefit period = 3 months
Waiting period = 1 month
Benefit amount = 1% of the Death & Terminal Illness Benefit per month
Capped at $2,500 per month
Excluding existing unemployment and situations deemed ‘voluntary’
Cover extends to self employed and people on fixed term contracts

*Information here subject to change at any point of time