What is Loan Protection Insurance?

Loan Protection Insurance in Canada is an insurance against default in any loan’s premium payment. They protect your monthly premiums in case you witness any unfortunate circumstance such as an accident, sickness or inability to work. Usually, Loan Protection Insurance protects premiums of your home loan or car loan, but there are a few plans which also cover your personal loans. Harpreet Puri, a renowned Loan Protection Insurance Broker in GTA can help you select a Loan Protection Insurance with the right features, for you.

Hence by purchasing a Loan Protection Insurance, you can take care of your EMIs and other loan premiums. You can ensure your Home loan, Car loan, Personal loan or even your new Credit Card. In Loan Protection Insurance, the cash benefit value decreases as the outstanding loan decreases. Being experienced for Loan Protection Insurance in Brampton, GTA for more than two decades now, we can assure you with any required assistance at any step.
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WHY SHOULD YOU HAVE LOAN PROTECTION INSURANCE?

-To cancel your debt in case of your demise or disability to work, so that you are able to protect your family from any financial constraint.

-To reduce any financial burden in case of unemployment or inability to work.

-To cover you and your partner in case of a joint loan. Both will have the reassurance that if either of you should be faced with redundancy, illness, have an accident or even die, your repayments will be made for you