Why do I need protection?

If you lose your job, any group disability insurance coverage through work terminates, you and your family could be left without coverage.

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Typically, employers only provide coverage that amounts to 1 to 2 times your salary in the event of your death, and about two-thirds of your income if you become disabled.

• Would you be able to manage with a third less income and increased expenses?
• And, if you leave your job or become self-employed, you lose your coverage

LoanProtector life and disability insurance can take care of your debt while allowing your existing employee coverage to take care of your family.

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They could, but are those assets enough to cover your debts and look after your family's immediate and long-term needs? And what would happen if your family had to suddenly sell your assets in a down market to pay off your debts? LoanProtector life and disability insurance means that your existing financial plan can remain intact.

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Although your RSP loan or line of credit may be small, it is an additional liability. For just cents a day, LoanProtector life and disability insurance can pay off your debt in the event of your death or take care of your payments if you become disabled.

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It's true that term life insurance can provide for your family's future and may be an important part of your financial plan. But LoanProtector is a quick, convenient and cost effective way to ensure your debts are looked after. The cost of LoanProtector versus a term policy is usually much lower over the life of the loan. Other features of LoanProtector are:

• Coverage is usually automatic
• You only pay for the coverage you need
• Life premiums are based on the outstanding loan balance
• Offers you the protection of single or joint life and disability coverage

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