Patterson Toyota offers many options for life and disability insurance through First Canadian Insurance Corporation. Life and Disability are available together, Life only and Disability only are available as well as Joint life or Joint disability for you and your spouse. Patterson Toyota is proud to offer a variety of options so you can have which one works best for you.
Life Insurance
First Canadian's life insurance is designed to protect you from the financial risks of an untimely death. Should you die before the loan on your vehicle is fully re-paid, your family will be spared the expense and worry of paying out the loan. You are protected during the entire term of your loan or a shorter period if you select short term benefits. Because administration is direct between First Canadian and the credit granting institution, premiums are low and claims are easy. The insurance is guaranteed issue, as long as you are over the age of 18 and under the age of 68.
Disability Insurance
First Canadian offers disability insurance designed to protect you from the financial risks of an interruption in your ability to earn an income. This 24 hour accident and sickness insurance makes your payments for you during an extended period of disability. If you are sick or become injured (on or off the job) and are unable to earn an income, then your monthly obligation will be paid on your behalf by First Canadian.
Once the disability has continued beyond the waiting period, your monthly payment is automatically paid on your account. Benefits can even be paid retroactively from the first day of the disability if you elect that plan. Benefits continue for as long as you remain disabled as defined in the policy. You may claim as many times as necessary during the term of your loan.
All disability insurance programs protect the entire term of your loan or a shorter period if you select short term benefits. Also partial payment disability (PPD) benefits are available to allow you to tailor the coverage and the premium to your specific needs.
