In the event something unexpected happens ( i.e. death) it pays out the insured balance of your financial obligation to the lein holder. Premium costs are the same for all ages and occupations.

Pays off the remaining insured balance of the loan obligation to the financial institution if diagnosed with any of the following – Life Threatening Cancer, Heart Attack, Coronary Artery By-Pass, Stroke, Major Organ Transplant or Paralysis

Your vehicle’s real value will decline faster than the balance you owe on your loan. This could leave you liable for thousands of dollars of financial liability (or negative equity) in the event that your vehicle is written off due to fire, theft or accident that is over and above what your insurance policy will payout.