Loan Insurance – Versatile Line of Credit

Why Desjardins Loan Insurance – Versatile Line of Credit Is the Best for You

The benefit for this plan can only be paid to the borrower, spouse or guarantor. The insured must be below 65 and 70 for the disability and life insurance options respectively. You will be asked a few questions before applying for this plan and the answers you give will determine if you are eligible or not.

• It is very easy to enroll in the plan. There is absolutely no need for a middleman.
• 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 falls sick 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, smoking habits, number of insureds, sex, and ages of the insureds, loan percentage selected by the insured, the linked loan amortization period (for disability insurance option).
• 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.

Ask your Broker about Desjardins Loan Insurance Quotes and Compare!