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Insurance Loan The importance of loan insurance

For many consumers, loan insurance is an unnecessary expense in addition to the monthly repayment of their debt. When you are young and enjoying good health, it is normal to feel invulnerable and say, "It cannot happen to me." However, statistics on cases of death and disability serve us a warning in this regard.

Did you know that:
  • Each year, the number of Canadians injured accidentally exceeds six million people.
  • The leading cause of death for Canadians aged 45 and under is accidents.
  • The amount paid by Canadian insurers for disability insurance benefits exceeds $ 230 million in bonuses paid as part of their insurance plan.
  • In the age group 25-45 years, one in four is disabled for a period of 90 days.
Our loans insurance

REMEMBER THAT YOU ARE TO RESTORE YOUR CREDIT INSURANCE AND THAT MAY BE SUITABLE TO AVOID LATE PAYMENT

We can offer you four types of loan insurance: life insurance, disability, critical illness and job loss. All insurance can be added to your financing and is repayable in proportion in the case of a cancellation for early repayment. So even if you finance a premium for your full term and you pay quickly, you will have to pay only for what you use.

If you die suddenly, you could leave your family in a precarious financial situation, as it will have to pay living expenses, education of your children and other expenses. Insure the financial support of your family! You never know: you could suddenly be no longer there to help. Life insurance associated with a car loan provides the full repayment of the loan balance in the event of death of the insured during the coverage period. *
In case of serious illness diagnosis, the insurance will reimburse the outstanding balance of your insured loan. Examples of serious illness? Heart attack, cancer, stroke *, etc.
If you become completely disabled during the period of coverage, disability insurance associated with your loan provides for reimbursement of monthly benefits for the full amount or a portion of the monthly loan repayment. It guarantees the repayment of your car when you need it most. *
In the event of involuntary unemployment, the loss of employment insurance will pay your monthly payment over a period of nine months. *

* A distribution guide will be given to all aspects of insurance coverage and exclusions.

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