Take out Loan Insurance and protect yourself from the consequences of an accident

Did you know that, in the event of disability caused by an accident, Loan Insurance will cover your financial obligations of your personal loan, auto loan, mortgage or any other loan?

In fact, Desjardins Loan Insurance offers protection that ensures reimbursement of the loan in the event of disability or death:

• Life Insurance ensures repayment of the loan by the insurer in the event of the borrower's death so your debts won't become a burden to your loved ones.
• Disability insurance ensures that the insurer takes over the insured portion of loan payments, up to a total of $5,000 per month.

With the proper precautions, you will be able to continue repaying your loan in spite of any decreases in income caused by a disability. Without insurance, you may have to cancel any projects you might have had in order to keep making your payments.

Some facts

• Each year, 1 out of 15 Quebeckers suffers trauma that limits their activities or requires medical consultation¹, and 10% of hospitalization days are due to trauma.
• In 2004-2005, there were 196,865 short-term hospitalizations in Canada. Average length of stay: 10 days. Group mainly affected: men (53%)².
• Salary insurance generally covers only up to 66% of regular income. The remaining portion is taxable, while the amounts paid by Loan Insurance is not.

To find out more about Loan Insurance.

	At the caisse (Members and non-members)	Contact an advisor at a caisse.

1. Source: Institut national de santé publique du Québec (INSPQ)
2. Source: Canadian Institute for Health Information