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Chudd's Chrysler life insurance is designed to protect your family from the
financial risks of an untimely death. Should you die before the financial
obligation on your vehicle is fully re-paid, your family will be spared the
expense and worry of paying out the loan.
You 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. A few simple health questions may be required; however no
physical exam is necessary to qualify.
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Chudd's offers disability 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 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, subject to the terms and conditions
of the policy.
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
coverage. 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 benefits are available to allow you to tailor the coverage
and the premium to your specific needs.
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