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Will my Loan Protection premium increase as I get older?

See all Loan protection FAQs

Last updated 27 November 2015


Loan Protection premiums are level, which means they don’t increase as you get older. This means you’ll be charged the same premium each month, unless you make a change to your policy.

When we review premiums we do so for every customer with the same policy, so you’ll never be singled out.


Important information: This advice has been prepared without considering your objectives, financial situations or needs. Before acting on the advice, please consider its appropriateness to your circumstances.

Loan Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) and is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124.  A Product Disclosure Statement (PDS) for Loan Protection is available online, from any Commonwealth Bank branch or by calling 13 3982 and should be considered in making any decision about Loan Protection. You can also download our Financial Services Guide (FSG).

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