Life happens, thats why we have insurance. Family, Credit and VRC protection is an important option to discuss when purchasing a vehicle, luckily our Finance Managers are well versed on eligibility and coverage.
First Canadian's life insurance is designed to protect your family from the financial risks of an untimely injury or death. Should either of these tragedies occur, our insurance ensures that the financial obligation on your vehicle is reduced or eliminated, depending on your coverage, sparing your family the expense and worry of paying out the loan.
Terms are flexible. Protection is available for the entire duration of the loan or shorter terms to accomodate your personal needs.
Administration is direct between First Canadian and the credit granting institution so premiums are low and claims are easy. A few simple health questions may be required, however no physical exam is necessary to qualify.
What are the Benefits?
- Benefit payments are tax-free, paid directly to the lender and never have to be re-paid
- Creditor Insurance pays over and above any additional insurance.
- Premiums are calculated based on your financed amount NOT on your age.
- No medical exam is required.
- Enrolment is voluntary and made available at the time your loan or leasing agreement commences, so premiums can be included in financing as an easy payment option.
- Plans are available to both the customer and the co-signer
Interested in more information? Contact our finance team today to schedule an appointment!