Debt Insurance

Cover for making loan repayments in the event of unforeseen circumstances

Have greater peace of mind knowing that your debt repayments will be covered, should the unexpected happen.

For most of us, home loan or personal loan repayments are the largest financial commitments we may have and if making your repayments depends on you being able to work, then thinking about what would happen if you were unable to work is vital.

Debt Insurance is a way of helping to meet your debt obligations if something unexpected occurs - taking the financial and emotional stress out of meeting your debt repayment obligations in the event of:

  • Death (including terminal illness)
  • Disability
  • Critical illness
  • Involuntary unemployment

Why MLC Debt Insurance?

Bank First has partnered with MLC life insurance to provide our customers with access to Debt Insurance. Contact us if you are interested in finding out about Debt Insurance cover and we will arrange a convenient time for you to be contacted by an MLC Debt Insurance specialist to discuss the insurance options and arrange a quote.


Home or Personal Loans

You can cover any home loan or personal loan from an Australian registered Financial Institution. You won't need to cancel your policy if you change lenders.

Money Transfer

Flexible cover options

Flexible cover options and pay-by-the-month premium.

Health Care

24/7 coverage through MLC

Enjoy peace of mind knowing you're covered 24 hours a day, 7 days a week – anywhere in the world.

Bank First does not provide advice about MLC Debt Insurance and our service is limited to referring you to MLC Limited. You can contact MLC Limited for any questions on 1300 280 133. Bank First receives a commission of 20% of the first year’s premium for an insurance policy that is issued to you following a referral. This information does not take into consideration your objectives, financial situation or needs. Therefore, you should firstly consider the appropriateness of this information and refer to the relevant Product Disclosure Statement (PDS).The issuer of the MLC Debt Insurance product is MLC Limited ABN 90 000 000 402 AFSL 230694, trading as MLC Life Insurance. MLC Limited uses the MLC brand under licence. MLC Limited is part of the Nippon Life Insurance Group and not a part of the NAB Group of Companies.