Loan Protection

Loan Protection provides life, critical illness, loss of employment, and disability coverage when it’s needed most. If an unforeseen life event occurs leaving a customer unable to service their financial commitments, this coverage is in place to provide peace of mind and protect consumer credit standing.


To help you get back on your feet, up to 6 monthly payments per claim are made in the event you become disabled; regardless if the incident occurred at work, at home, or at play.

Loss of Employment

If you become unemployed through no fault of your own, you can rest easy knowing that you have up to 6 monthly payments per claim while you are looking for your next opportunity.


The negative equity portion of the loan will be paid, up to $20,000, in the event of death.

Carefree helps protect your family by paying out the balance of your loan upon death, ensuring the vehicle you purchased remains with your estate.

Critical Illness

Purchased with life coverage, Carefree pays out the balance of your loan if you are diagnosed with a covered critical illness. Your vehicle remains with you and your family.

This is not a contract. It is intended for informational purposes only. Essential and Carefree plans contain many valuable features and benefits which are described in greater detail in the certificate of insurance. Please read the certificate carefully as it sets out the terms, conditions, definitions, and exclusions.