At Performance Protection, we understand the importance of protecting you and your family from unforeseen events and expenses. This is why our Creditor Group Insurance Program offers you the most comprehensive level of protection for easily affordable premiums that are incorporated right into your finance or lease payments. Our Companion line of creditor programs are underwritten by Industrial Alliance Insurance and Financial Services Inc. (“Industrial Alliance”).
Life insurance will pay off the insured portion of your car loan to your financial institution if you pass away. This will relieve your family from the loan and allow them to keep their vehicle.
Critical Illness insurance will pay off the insured portion of your loan to your financial institution if you are diagnosed with a serious illness. This includes heart attack, malignant cancer, organ transplant, paralysis, stroke, and bypass surgery. Critical Illness insurance is a ‘Living Life’ benefit, and frees you from making payments during your recovery period.
Accident and Sickness
Our Accident and Sickness benefit makes monthly loan payments to your financial institution if you become unable to work due to an illness or injury. This enables you to focus solely on getting better knowing that your payments are all being taken care of.
This benefit will make your monthly car loan payments if you involuntarily lose your job, and will continue as long as you are collecting Employment Insurance (EI). It gives you freedom to use your car as you search for another opportunity, and peace-of-mind knowing that your payments are all being made on time.