Important things are worth protecting and that stands true when you get a loan in Geelong.
What happens if something happens to you and you can’t meet your payments? How will you or your family cope? That’s why it is vital to make sure you’ve got adequate loan protection insurance to cover you and your loan in the face of disaster.
This type of insurance is all about peace of mind – for you and your loved ones. And it’s also practical. If you get injured or sick, and you’re the main breadwinner in your household and are unable to work, it’s comforting to know loan protection insurance will help pay off your loan for you. It’s like a financial lifeboat, stripping away stress and providing some financial security in a sea of trauma.
At Konnect Financial Services, we are happy to talk to you about the importance of loan protection insurance. It’s available to clients with any sort of home loan. You can pay the premium in a lump sum when setting up your home loan or over the loan’s term by adding the premium to the amount being borrowed.
While people can choose whether they want loan protection insurance, it’s worth asking yourself whether you can afford not to have it if something goes seriously and unexpectedly wrong, including death? How will your family cope with loan repayments? Do you have other assets that can help meet repayments? And what will the financial toll be?
If you are considering getting a loan in Geelong and would like to discuss loan protection insurance, please contact us Konnect Financial Services and let our professional team assist.