Credit insurance is meant for self-employed and business owners who have or will have a debt. It will cover your repayments in the event of an untimely death or a disability, thereby shielding your family from a difficult financial situation.
When signing a contract, the lender will suggest or require that you purchase a Debt Insurance (also called Creditor Insurance or Credit Insurance). By purchasing this insurance with Lussier Dale Parizeau, you may be able to get better conditions.
With this insurance, you cover all of your financial obligations under one contract, including:
- Borrowed or rented vehicles
- Credit cards
- Credit margins
- Loan for investment
- Commercial loan
In other words, all debts in instalments with a recognized Canadian financial institution are eligible.
Because each situation is unique, Lussier Dale Parizeau’s financial advisors are here to guide you towards the insurance coverage that will meet your needs and ensure your peace of mind, and can offer you a free evaluation of your current insurance.