I want to purchase loan insurance, but ... which one should I choose?

I want to purchase loan insurance, but … which one should I choose?

Woman using her insurance to cover her loan
Since 2001, we have helped hundreds of thousands of Quebecers and Canadians find their insurance products at the best price.

You want to take out any insurance for a loan, but do not know which one to choose …

Perhaps you are hesitating between loan insurance offered by the credit union, or that of the bank? Maybe it’s the dealer’s insurance, or the insurance your credit card offers? Or, who knows, insurance from Cosco, Canadian Tire or CAA?

The problem, and you will quickly understand it, is thatthey are often expensive. And why is this so? In fact, it is simply because these insurances cover only one need, without forgetting that the premium is most of the time fixed for a short period of short duration

Rather than taking out several small insurance coverage here and there that will give you the false impression that you are paying less, we suggest that you agree to only one and the same contract. In doing so, thanks to this “debt insurance”, all of your needs will be covered should you ever have to suffer from a disability or, worse, die.

Here is a good example:

  • Your mortgage costs you $ 800 / month, your car loan $ 500 / month, not to mention that you are paying close to $ 200 / month for a personal loan.
  • By purchasing “debt insurance” for an amount of $ 1,500 / month. In the event of disability, the financial institution will therefore give you the same amount each month ($ 1,500 / month) to cover your debts, for as long as you are unable to work according to the chosen plan.

If you want, you can also purchase insurance at a lower cost (especially if you are covered by your employer, or have personal salary insurance).

In summary, why take out a few types of insurance if you have the possibility of taking out a single insurance that will cover all of your needs, and… at a lower cost?

To ask the question, is to answer it.

In order to see more clearly, we invite you to submit a quote, completely free of charge, through the independent premium comparator SoumissionAssuranceVie.ca. Please note that the latter does not encourage any particular financial institution, doing business (since 2001!) With prestigious companies such as Desjardins, Industrial Alliance, Sun Life, Manulife, BMO, RBC, La Capitale, Empire Vie, Ivari, Croix Bleue, Union-Vie, SSQ or Canada-Vie, to name a few.

Like hundreds of thousands of other Canadians before you, do not wait any longer and make a quote! And if you would like more information, please do not hesitate to contact our Customer Service by calling toll free at 1 866 370-7677 (7 a.m. to 8 p.m. Monday to Friday, and 9 a.m. to 3 p.m. Saturdays and Sundays).

We’ve been here to help since 2001!

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