SecureDrive Loan Protection
SecureDrive Loan Protection is designed to protect you from the impact of unforeseen life events. Should you become unable to maintain a financial commitment due to an accident or an unexpected health condition, SecureDrive Loan Protection will make the payments for you up to the remaining balance of your loan. By making a simple and affordable up-front financial investment, you will have the comfort of knowing that your credit standing will be protected and many of life’s critical challenges will not potentially take your asset away from you or your family.
SecureDrive Loan Protection provides various coverage options to best suit your need for peace of mind.
Life
In the event of your death, SecureDrive Life coverage will pay out the balance of your loan to ensure the asset you purchased remains with your beneficiary or your estate. With SecureDrive Loan Protection, both you and your family need not worry about the potential loss of an asset as a result of the loss of life.
Eligibility –
Issue Ages 18 through 59: up to $500,000
Issue Ages 60 through 71: up to $200,000
- Accelerated death benefit – if medically diagnosed as terminally ill, the life insurance benefit is paid immediately
- Only 12 month pre-existing condition clause for Life coverage
Life & Critical Illness
Combined with the benefits of SecureDrive Life, Critical Illness coverage protects your financial commitment in the event you suffer a heart attack, stroke or are diagnosed with life threatening cancer. Should one of these ailments afflict you, or in the event of death, SecureDrive Loan Protection will be there to make your payments to ensure your vehicle stays with you and your family.
Eligibility –
Issue Ages 18 through 59: up to $500,000
Issue Ages 60 through 71: up to $200,000
- Only 12 month pre-existing condition clause for Critical Illness coverage
Critical Illness Coverage (available with the purchase of Life coverage) includes:
- Heart Attack
- Stroke
- Life Threatening Cancer
Disability
In the event you are disabled for a covered medical reason, SecureDrive Disability will make the monthly payments of your loan until you get back on your feet; regardless if the critical incident is at work, at home or at play.
Disability Coverage –
Issue Ages 18 through 65: up to $4,500 per month
- Choice of 6 waiting periods – 14 day retro, 14 day non-retro, 30 day retro, 30 day non-retro, 60 day retro, 60 day non-retro
- Only 12 month pre-existing condition clause for Disability coverage
