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C.U. for loan insurance. We C.U. so you can have the peace of mind knowing your financial responsibilities are covered in the event of illness, accident or death. Illness and Accident When you have a loan, line of credit, or overdraft the last thing you want to worry about is making payments in the event of illness or accident. If you are off work for more than 30 days due to accident or illness, enjoy peace of mind knowing the insurance will make your loan payments until you return to work. Outstanding balances on personal loans, lines of credit, overdrafts, or mortgages are paid off leaving your loved ones debt free. Premiums are low, just pennies a day, and convenient. Plus, they're included in your regular loan payment. For lines of credit, and overdraft, premiums are paid on the first of each month based on the average daily balances of the line of credit or overdraft. Claims are paid in addition to any other insurance company protection you may carry and are tax-fee. No physical exam is required when coverage is added at the time of borrowing. The maximum coverage on a line of credit is $100,000. The maximum coverage on loans is $100,000 and is underwritten by SunLife Assurance Company of Canada Life Life Insurance protection eliminates the outstanding balance on personal loans, lines of credit, overdrafts or mortgages leaving your loved ones debt free. A personal loan insurance premium is included in regular payments. Lines of credit, equity lines and overdraft premiums are paid out monthly based on the average daily balance. Affordable joint coverage is available to those who qualify. In fact, it's just pennies a day. Mortgage loan insurance premiums are paid monthly through a pre-authorized debit and life insurance is mandatory unless you provide your own on loans.
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