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Credit Disability Coverage
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Credit Disability Coverage
A sudden disability can make your line of credit payments a financial burden for both you and your family at a time when they can least afford it.
With Norvalden Line of Credit Disability coverage, you can be sure that your regular payments on your line of credit can be covered if you are disabled by a covered medical condition.
Norvalden Line of Credit Disability coverage can cover:Your monthly payments (after a 60 day waiting period from the day you were diagnosed) should you be unable to work as a result of an injury or covered impairment, and Provides a maximum monthly benefit amount of $3,000 plus your disability premium (including provincial sales tax) for any one of your insured lines of credit for up to a maximum of 24 months. With Norvalden Line of Credit Disability coverage, you can be automatically approved for coverage up to $50,000, without a medical questionnaire or examination required, you only pay for the Norvalden Line of Credit Disability coverage you need, and the coverage can help you maintain your credit rating.
Pay only for the protection you need
The cost of Norvalden Line of Credit Disability coverage is determined by your age and the monthly benefit amount on your account during the billing period. No premiums are charged if you have a zero balance on your account during the billing period. So you’re paying only for the protection you need. And for your convenience, your Norvalden Line of Credit Disability Insurance premiums are billed directly to your insured line of credit account.
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