Product Knowledge (Loan Protection)

Can the in-store credit be transferred to someone else?
No, the in-store credit can only be used by the contract holder and co-registrant.
Mon, 1 Mar, 2021 at 12:36 PM
What documents must we provide to a client when selling an Insurance product in Quebec?
In Quebec, dealerships must adhere to the AMF checklist to ensure all appropriate documents are provided to the customer when selling Loan Protection or Rep...
Tue, 17 Nov, 2020 at 1:59 PM
What is the maximum benefit per month for Disability coverage on the Essential Plan?
The maximum benefit is $500 per month for up to 6 months.
Tue, 10 Nov, 2020 at 5:51 PM
In what instances would the waiting period be waived for a Disability claim?
The waiting period will be waived if a disability reoccurs within 6 months.  *Please note it cannot be claimed if the customer is already receiving loss...
Tue, 10 Nov, 2020 at 5:43 PM
How many hours must the customer work per week before making a Disability claim?
The customer must work 20 hours per week, 2 weeks consecutive, at the time of the claim. *Please note that there are some differences between Disability...
Tue, 10 Nov, 2020 at 5:39 PM
What is the maximum benefit for Life coverage on the Carefree plan?
The maximum benefit for Life coverage is $100,000 (loan balance).  The maximum benefit for Critical Illness is also $100,000 (loan balance) under the Ca...
Wed, 11 Nov, 2020 at 8:51 AM
What is the maximum benefit per month for loss of employment coverage on the Carefree plan?
The maximum benefit is $1,500 per month for up to 6 months.
Tue, 10 Nov, 2020 at 5:33 PM
What is the maximum benefit per month for Disability coverage on the Carefree plan?
The maximum benefit is $1,500 per month for the loan term.
Tue, 10 Nov, 2020 at 5:30 PM
What is the maximum benefit for Life coverage on the Essential Plus Plan?
The maxmimum benefit is $20,000 (negative equity).
Tue, 10 Nov, 2020 at 5:28 PM
What is the maximum benefit per month for loss of employment coverage on the Essential Plus plan?
The maximum benefit is $1,000 per month for up to 6 months.
Tue, 10 Nov, 2020 at 5:23 PM