Be free of financial worries.
Purchasing a vehicle over time through a loan or lease is a great way
to get what you’ve always wanted, but unfortunately it commits you
to a monthly payment plan that can last for years.
How would you make these payments if you were to become disabled or
involuntarily lose your job? How would the beneficiaries of your estate keep them up
in the event of your death? By including Global Credit Insurance protection in your
monthly payments, you and your family can be free of financial worries.
If you don’t think it could happen to you, think again!
One in three people, on average, will be disabled for 90 days or more at least once before age 65.
Fatal accidents, which occur every 52 minutes, are the fifth leading cause of death in Canada.
The Canadian Life and Health Insurance Association Inc.’s A Guide to Disability Insurance, disabilitycanhappen.org, LIMRA
Credit insurance benefits
Credit insurance includes three types of coverage and one option.
GLOBAL ci™ Life Insurance
In the event of your death, the Insurer will pay your creditor the amount payable according to the terms of your credit insurance certificate.
GLOBAL ci™ Disability Insurance
In the event of total disability, the Insurer will make the monthly payments due to your creditor, subject to the terms of your credit insurance certificate.
GLOBAL ci™ Involuntary Loss of Employment Insurance
In the event of involuntary loss of employment after the effective date of your credit insurance, the Insurer will make the monthly payments due to your creditor, subject to the terms of your credit insurance certificate.
IMPORTANT NOTE : You must take out Life Insurance or Disability Insurance to be eligible for this coverage.
For full details on Global Credit Insurance, see your certificate of insurance.
Peace of Mind.
Payment & Asset Protection.
Asset & payment protection designed to;
- Pay outstanding loan balance in the event of your accidental death*.
- Pay a set number of monthly payments in the event of accidental disability*.
- Pay a set number of monthly payments in the event of involuntary job loss*.