Insurance products

Insurance protects what you work hard to earn and save, and this is why it can be the critical component of any financial plan. To simplify things, it can help to look at insurance as falling into two broad categories – protection for the things you value and protection for the people you love.

Life insurance

Organising life insurance is important when planning for the future, as it can help your family carry on if an income earner is injured, ill or passes away.

Income protection

If you’re unable to work due to illness or injury, income protection can replace up to 75 per cent of your regular income and cover your regular super contributions.

Total and permanent disability cover

Provides a lump sum payout if you become totally and permanently disabled.

Trauma cover

Trauma cover provides peace of mind should you suffer a major illnesses or injuries, such as heart attack, stroke, cancer or blindness.

• Important Information
  As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this advice.   Loan Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809. A Product Disclosure Statement (PDS) (PDF 856kb) for Loan Protection is available here, from any Commonwealth Bank branch or by calling 13 10 56 (from overseas call +61 13 10 56) and should be considered in making any decision about Loan Protection. The offer made in this PDS is currently available only to persons receiving this document within Australia. Applications from outside Australia will not be accepted.