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A Reliable Loan Option

Canadians take out loans for several purposes but everybody wants to make the most of his loan and ensure that the loan is secure; Desjardins loan insurance is the right way to secure your loan. Taking out a loan could be risky. Borrowers may find it increasingly difficult to pay off their loans if disability occurs but the difficulty can be surmounted with an appropriate loan insurance plan. Desjardins loan insurance plan provides you appropriate financial support if you are diagnosed with cancer. It also provides you an absolute coverage if you are disabled or in the event of death. The most interesting thing about this insurance plan is that you don’t need a middleman to apply or leverage it. You can apply for the plan at a Caisse.

Features and Benefits

Desjardins loan insurance is a comprehensive package with its premium proportional to the risk involved. It also guarantees to pay the insured premiums throughout the time he is disabled. The plan includes two coverage options, namely life insurance, and disability insurance; these options determine the features covered by the policy.

  • It is super-easy to enroll in the plan. There is absolutely no need for a middleman. You just have to apply at the Caisse.
  • The coverage includes two options, life insurance, and disability insurance. These options determine the features included in the policy.
  • The life insurance option covers the insured in the event he is diagnosed with cancer or in the event of death.
  • With the disability insurance option, the insured would be covered if he becomes ill or involves in an accident.
  • The insured has free access to some telephone assistance services such as psychological assistance, legal assistance, and convalescence assistance – case management.
  • The plan also includes non-taxable benefits that are not reduced by any amount.
  • To choose the life insurance option, you must be under 70 and for disability insurance option, you must be under 65.
  • The insurance premium is calculated on the basis of the coverages selected, loan balance, smoking habits, number of insureds, sex and ages of the insureds, loan percentage selected by the insured, the amortization period and loan amount.
  • You also have the option to enroll for life insurance as well as the disability insurance. This is known as the double coverage advantage. This qualifies you for a discount on life insurance.

 

 

Additional resources

Learn more about your other financial options from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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