Who should get this insurance?
Borrowers who need coverage to help pay off their line of credit debt in the event of death or disability.
Features
| Amount of insurance |
Choose:
- Life insurance: at least $10,000.
- Disability insurance: no minimum amount.
|
| Coverage |
Includes:
- Life insurance to ensure full or partial repayment of the insured line of credit balance in the event of the borrower's death.
- Disability insurance to cover the amount of debt associated with the line of credit in whole or in part while the borrower is totally disabled.
|
| Premium |
Calculated based on the amount insured.
|
| Insurance benefits |
- Benefits are paid in the event of death or disability, regardless of the line of credit balance or the amount of debt associated with the line of credit.
- Disability insurance benefits are not reduced by income from other private or public insurance plans.
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Line of Credit Insurance is a product of Desjardins Financial Security Life Assurance Company.
