Who should get this insurance?
Borrowers who need coverage to help pay off their loans in the event of disability or death. Getting the insurance is easy: in most cases, you simply have to answer a few questions when you take out your loan.
Features
| Coverage |
Includes:
- Life insurance to ensure repayment of the loan in the event of the borrower's death.
- Disability insurance to cover the insured portion of loan payments payable to the branch while the borrower is totally disabled.
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| Premium |
Calculated based on the loan balance (so you pay a fair premium for the real risk your loan represents).
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| Benefits |
Insurance benefits can be paid for as long as the total disability persists or until the loan is completely repaid.
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Loan Insurance is a Desjardins Financial Security Life Assurance Company product.
