Creditor Insurance.
Creditor Insurance to suit your financial needs.
What is Creditor Insurance?
Creditor Insurance offers optional coverage for life, accidental death, disability, and involuntary unemployment. Designed to help you and your loved ones meet your financial obligations during life-altering events.
Statistics show that up to 40% of Canadians become disabled for 90 days or longer before age 65. While you may physically survive an unforeseen event, could you survive it financially?
NOTE: Program details may vary across Canada. Please contact your Dealership or local sales representative for more information.
Credit Insurance Features
In the event of your death, Creditor Insurance Life and Accidental Death coverage are designed to reduce or pay off the balance of your lease or loan. This ensures that the vehicle you purchased remains with your beneficiary or estate, alleviating concerns about losing your vehicle due to a life-altering event.
If you become disabled for a covered medical reason, Creditor Insurance Total Disability covers your monthly lease or loan payments until you recover, whether the incident occurs at work, at home, or during leisure activities.
If you become disabled due to an accident or if you face unemployed through no fault of your own, Creditor Insurance Accidental Disability and Involuntary Unemployment covers your monthly lease or loan payments.
This coverage helps you stay in control while you seek new employment and re-enter the job market.
Creditor Insurance provides:
- Coverage up to 69 years of age
- Terms up to 96 months
- Coverage up to $200,000
- Easy claims process
- 48-hour claim turnaround time
- Protection of your credit rating