Lease/Loan Protection Now Available Through Canadian Equipment Finance
Canadian Equipment Finance (CEF) is excited to announce a new product offering available exclusively to our customers – Lease/Loan Protection (including life, disability and critical illness coverage) through Trans Global Insurance.
At CEF, we pride ourselves in taking a customer-first approach in everything we do, and this new insurance offering is no different. We have added it to the CEF product line-up because it provides exceptional value to our customers by way of protecting their business, their investment in their equipment, and their families, if anything unexpected were to happen.
How This Plan Helps Our Customers
This product is underwritten as a group policy, so we are able to offer up to $250,000 of coverage guaranteed, without requiring a medical examination or tedious questionnaires.
Also, because it is group underwritten, the expanse of coverage is generally more favourable to our customers than other plans found elsewhere. For example, our insurance policy covers neck and back injury, where many other policies do not.
We always work alongside our customers to choose the right lender, structure and product to best meet their needs. This new product is another example of how we deliver better deals and better experiences.
Why You Should Consider Lease/Loan Protection
Lease/Loan Protection offers piece of mind that should the unthinkable happen, you and your family will be financially secure.
This insurance policy is triggered on the occurrence of a life, disability, or critical illness event.
For disability coverage, if you were to become disabled, your monthly loan or lease payment could be covered for up to 12 months per occurrence, with a monthly benefit up to $6,000 per month. This is also a surefire way to help protect your credit rating.
For life and critical illness coverage, this plan also provides a lump sum payment to cover your outstanding loan or lease balance if you are diagnosed with a covered critical illness, or if you unfortunately pass away. As we know, accidents and illnesses are a part of life; they can happen to anyone at any time.
Program Advantages
No health questions for any selected coverage for ages 18 to 64
Guaranteed issue up to $250,000 for life insurance (covers both accidental, sickness/illness related death and accidental)
Guaranteed issue up to $250,000 for critical illness coverage (covers life threatening cancer, heart attack, stroke, coronary artery bypass graft, kidney failure and major organ transplant)
Guaranteed issue up to $6,000 per month for disability coverage (no restrictions on back, neck, mental, nervous or psychiatric conditions)
During the claim process with monthly payment plans, premiums will be paid by the insurer
Fast and easy claim process
The team at CEF is proud to offer this exceptional product to our customers. Protect yourself, your family, your business and your credit rating. Contact us today!