Rest Assured with Loan Payment Protection

Loan Payment Protection can help reduce your financial burden when the unexpected happens

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Involuntary Unemployment

  • Without cause and if you have been employed for 90+days (minimum 25 hours per week) and are eligible for EI
  • Up to 12 monthly payments 
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Disability

  • Injury or illness.  If you are unable to work for 30+ consecutive days
  • Up to 12 monthly payments
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Critical Illness

  • If you are diagnosed with a life-threatening cancer or suffers a stroke, heart attack, kidney failure, or a major organ transplant (for the first time)
  • 100% of the remaining or outstanding loan amount
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Death

  • If you unfortunately pass away
  • 100% of the remaining or outstanding loan amount

The certificate of insurance contains full details of your coverage, including benefits, eligibility conditions, limitations and exclusions. Your certificate of insurance will be provided to you with your loan documentation, or you can click here to review now.  Full refund of premiums if coverage is cancelled within 30 days of enrollment. 

Payment Protection insurance is underwritten by Trans Global Insurance Company/Life Insurance Company 1-844-930-6022.