First Canadian Insurance

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Planning...Peace of Mind....Protection

First Canadian's Life and Disability Insurance options are designed to protect you from the financial risks should an interruption occur in your ability to earn an income.

Life Insurance - First Canadian's Life Insurance is designed to protect you from the financial risks of an untimely death. Should you die before the loan on your vehicle is fully re-paid, your family will be spared the expense and worry of paying out the loan. Your are protected during the entire term of your loan or a shorter period if you select short term benefits. Because administration is direct between First Canadian and the credit granting institution, premiums are low and claims are easy. The insurance is guarenteed issued, as long as you are over the age of 18 and under the age of 68 years.

Disability - First Canadian offers disabiliy insurance designed to protect you from the financial risks of an interruption in your ability to earn an income. This 24 hour accident and sickness insurance makes your payments for you during an extended period of disability. If you are sick or become injured (on or off the job) and are unable to earn an income, then your monthly obligation will be paid on your behalf by First Canadian. Once the disability has continued beyond the waiting period, your monthly payment is automatically paid on your account. Benefits can even be paid retroactively from the first day of the disability if you elect that plan. Benefits continue for as long as you remain disabled as defined in the policy. You may claim as many times as necessary during the term of your loan. All disability insurance programs protect the entire term of your loan or a shorter period if you select short term benefits. Also partial payment disability (PPD) benefits are available to allow you to tailor the coverage and the premium to your specific needs.

Excellent Protection and Peace of Mind - This coverage is among the most economical insurance in the market today. There are no medicals and no medical questionaires. Adminsistration is direct between the financial institution and First Canadian. Few exclusions means guarenteed protection notwithstanding your general medical condition, occupation or hobbies. Coverage is available a low group rates. The low rate remains the same regardless of your age ( between 18 and 65 years for disability or between You of 18 and 67 on the day you take delivery of your vehicle), or your current state of health. First Canadian offers life insurance and all disability plans for the co-signer, instead of, or in addition to coverage on the principal buyer, if elected. Insurance, if you plan ahead, is a small price to pay for your family's peace of mind and protection. The small premium needed to protect you against these risks is easily furnished in your monthly payment. Some people have partial life or disability coverage through a group insuance plan at work but few people have the opportunity or can afford to increase that coverage when required to cover a major obligation such as the purchase of a vehicle. Claims on all plans are straight forward and easy! Simply contact your dealer for plain language forms. Payment will be made directly to the financial institution on your behalf. It's this easy administration which permits this insurance to be sold at these low rates.

How Much Does It Cost?

Pennies per day
Less than individual insurance plans
Less than the daily cost of a coffee and danish
Much less than the daily cost of cigarettes
Less than alternative forms of protection
Much less than the costs of leaving yourself uncovered

Clearly, your life and your health are your most meaningful resources, too crucial to be left unprotected. Without them you cannot adequately care for yourself or your family nor maintain financial stability. If the unforeseen should happen - death - this coverage will be required to continue the acquistion of the vehicle you have chosen today.

Without insurance, your options are severly restricted

Forced Sale of the vehicle
Desperation re-financing (if that is even possible)
Make payments with a high interest credit card to credit limit
Repossession of the vehicle and resultant loss of vehicle and credit rating.
With insurance, you're protected
Extra security makes your loan application more attractive to the lender
Direct payment to your creditor if you cannot pay due to death or disability
Avoid the embarrassment and loss of a re-possession at a difficult time
Avoid the extra costs and worries of missed payments during a difficult time

Your family relies on you!

For more details and to find out more about some limitations and exclusions, please contact Joyce Cropper at Sheridan Ford 905-278-5535.