Creditor Insurance

Chubb Loan Security

S.I.G. Insurance is proud to offer – “Payment Protection Creditor’s Life Insurance underwritten by Chubb Life Insurance Company of Canada (“Chubb Life”)”

The Payment Protection plan that can make your loan/lease payments when you can’t!

Help Protect Your Credit Rating!

Your vehicle is one of the biggest purchases you will ever make and has an important influence on your financial security.  Why risk it to the misfortunes of untimely death, disabling injury, sickness or critical illness?

Payment Protection Creditor’s Life Insurance:

  • Pays off or reduces the balance of your loan/lease in the event of death, or a specified life threatening illness or condition
  • Pays a monthly benefit in the event of total disability due to injury or sickness.
  • These benefits are paid for the duration of your total disability or until coverage ends, whichever is earlier.
  • We do not reduce the benefit otherwise payable because of other life, health or accident insurance you may have.

Payment Protection Creditor’s Life Insurance provides exactly the amount of coverage you need and you only pay for the insurance necessary to protect your financing.

It is easy to apply for Payment Protection Creditor’s Life Insurance – just let the dealer arrange everything for you at the same time you arrange your financing!

Your coverage will stay affordable during your coverage period, as your premium will not increase!

Payment Protection Creditor’s Life Insurance is only available at the time you apply for your lease/loan.

No medical exam is necessary to apply.  We will give you the opportunity to examine your certificate in detail and if you are not completely satisfied, you may return it within 30 days for a full refund of any premiums paid. 

Chubb Life’s Payment Protection is underwritten by one of the world’s leading providers of insurance and financial services.

Chubb is a global insurance leader – the world’s largest publicly traded property and casualty insurer, with operations in 54 countries, exceptional financial strength, and a broad range of personal and commercial insurance products.  We combine the precision of craftsmanship with decades of experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families, and businesses of all sizes.

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Benefits at a Glance:

  • Comprehensive…coverage combines Life, Disability and Critical Illness.
  • Easy to obtain…no medical exam necessary to apply.
  • Once enrolled your premium will not change.
  • Convenience…premium is included in your financing…no need to remember to write a separate cheque.
  • Versatile Coverage…custom coverage to fit your loan/lease amount.
  • Makes your loan/lease payments when you can’t due to your disability, death, or critical illness…one less bill for you or your loved ones to worry about.
  • 30-Day Satisfaction Review Period