First Canadian's creditor life insurance is designed to protect your family from the financial risks of an unexpected death.

If you die before your vehicle loan is fully re-paid, First Canadian will pay off the insured balance owing directly to your lender. This leaves your family with an asset instead of a liability.

You are protected during the entire term of your loan (or a shorter period if you select short-term benefits). Premiums are low and claims are easy. A few simple health questions may be required, however, no physical exam is necessary to qualify.

First Canadian’s disability insurance is designed to protect you from the financial risks of an interruption in your ability to earn an income.

If you become sick or get injured, on or off the job, and are unable to earn an income, First Canadian will pay the insured monthly vehicle payment on your behalf directly to your lender, subject to the terms and conditions of the policy. This allows you to focus on healing without the worry of making your vehicle payments.

Benefits continue for as long as you remain disabled (as defined in the policy) and you may claim as many times as necessary during the term of your coverage. Payments are made directly to the creditor monthly for each day of Total Disability. A waiting period after disability may apply, but benefits can be paid retroactively from the first day of disability if you choose that coverage. Partial payment options are also available to allow you to match your coverage and premium to your needs.