Loan Life Insurance
This insurance will pay off the insured balance of your line of credit, loan or mortgage in the event of death.
Loan Disability Insurance
This insurance will cover the insured portion of your scheduled loan payments while you are disabled and unable to return to work. In the case of a mortgage, this insurance can also pay for other expenses related to your home during your disability period, such as taxes, electricity, heating, etc. Insurance benefits are paid for as long as the disability lasts or until the debt is paid off.
Coverages and premiums vary based on the product chosen and your personal profile.