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60 Millennium Parkway Belleville (Ontario)  K8N 4Z5   Tel.: 613 962-9236  Toll Free: 1 800 267-3325

Loan Protections

Why do I need loan insurance?

Many feel that, even at a low price, loan repayment insurance is an unnecessary addition to their monthly loan payment. The "it could never happen to me" attitude is understandable when your health is good and you're in the prime of your life, but the statistics on death and disability add a different perspective:

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Industrial Alliance Pacific

SAL Group has been providing Canadians with quality products for over 40 years. Through our economical group insurance products, you can be assured that the financial obligations that come with your vehicle purchase are secure and protected. To learn more about our Creditor Life & Disability products, please CLICK HERE.

Chart Overview
  • Over 6,000,000 Canadians a year will suffer an accidental injury.
  • Accidents are the leading cause of death for Canadians 45 years of age and under.
  • One in four Canadians between 25 and 45 years will be disabled for at least 90 days.
  • Canadian insurers pay disability benefits under loan insurance plans in excess of $230 million per year.

Sources: Statistics Canada; ICBC; CLHIA; Canadian Institute of Actuaries

Features And Benefits
  • Life Insurance Coverage up to $150,000
  • For a lease contract or a contract with a balloon/residual component, add residual Life Insurance for complete coverage
  • Single and Joint Coverages Available
  • Credit Health Coverage up to $2500 monthly benefit
  • Select your waiting period to meet your current coverage needs
  • Requires no medical examination
  • Companion Plus Life Option includes Accidental Dismemberment Coverage
  • Peace of Mind that your financial obligation is always protected
  • Affordable "Group Rate" Premiums
  • Repair Protection
  • Environmental Protections
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