This insurance plan is designed to meet your needs in every aspect.Besides, it is very easy to enroll in this plan, you can simply do so at the Caisse; you don’t even need a middleman to enroll. In addition, the insured is guaranteed to receive his benefit no matter the balance of credit on the line of credit.
Desjardins line of credit insurance has two plan options, life, and disability insurance. The life insurance option pays off the benefit (minimum of $10,000 and maximum of $10,000,000) in the event the insured’s death. For the disability insurance option, the monthly amount indicated in the insurance application will be paid to the insured in the event of disability. The maximum for this benefit is $7,500 for each month.
Learn more about your other financial options from these informative articles.