Insurance Products

Loan Repayment Insurance

You're no doubt going to enjoy your new vehicle, whether it's new or used, for a very long time. You've chosen wisely and budgeted carefully. However, the one option you may have overlooked is Loan Repayment Insurance...an option that will protect your investment in case there's a financial breakdown.

When sickness or injury prevent you from being able to perform your job, the financial side effects can be substantial. In the event of untimely death, your family can face overwhelming financial obligations. Protecting your investment by insuring your monthly loan payments, is a sound decision.

Some people feel that even at a low price, Loan Repayment Insurance is unnecessary. The attitude that 'It couldn't happen to me.' is understandable for healthy people in the prime of their life but the statistics on death & disability can't be ignored.

• Of all delinquent loans in Canada, 3% are due to death, 50% are due to disability
• Canadians aged 20 to 65 have a 50% chance of having a disability that lasts longer than 3 months
• 55% of working aduly Canadians have no disability coverage
• Accidents are the leading cause of death in Canadians aged 45 and under
• More than $230 million are paid out each year in disability benefits

Call one of our F&I Managers for more information on this Insurance product.