Life, Accidental Death, Total Disability, Accidental Disability and Involuntary Unemployment.
Protect your financial position.
Volkswagen Protection Plus Loan Protection is an optional life, accidental death, disability and involuntary unemployment coverage designed to help you and your loved ones meet your financial obligations in the event of a life-altering event. Statistics show that the chances of suffering a life threatening event are considerable. For example, 1 in 3 Canadians will be disabled for 90 days or longer before the age of 65. Although you may physically survive an unforeseen life event, could you survive it financially?
Volkswagen Protection Plus Loan Protection can take care of your monthly vehicle lease or loan payments in the event that you pass away, are involuntarily unemployed, or suffer a covered disability. Volkswagen Protection Plus Loan Protection provides the comfort of knowing your credit rating is protected and your vehicle will stay with your family where it belongs.
LOAN PROTECTION ALSO OFFERS THESE KEY BENEFITS
- Claim benefits are usually received tax-free
- In most cases, no medical exam or underwriting required
- Most full-time occupations are eligible
- No age, height, weight or smoking status premium surcharge
- Cancellable at anytime
- Can protect credit standing
Loan Protection coverage options.
LIFE AND ACCIDENTAL DEATH
In the event of your death, Volkswagen Protection Plus Loan Protection Life and Accidental Death coverage is designed to reduce or pay off the balance of your lease or loan to help ensure that the vehicle you purchased remains with your beneficiary or estate. Volkswagen Protection Plus Loan Protection helps alleviate worry about the potential loss of your vehicle as a result of a life-altering event.
ACCIDENTAL DISABILITY AND INVOLUNTARY UNEMPLOYMENT
In the event you are disabled due to an accident or if you find yourself unemployed through no fault of your own, Volkswagen Protection Plus Loan Protection Accidental Disability and Involuntary Unemployment covers your monthly lease or loan payments. This coverage helps keep you in the driver’s seat while finding new employment and returning to the job market.
In the event you are disabled for a covered medical reason, Volkswagen Protection Plus Loan Protection Total Disability covers your monthly lease or loan payments until you get back on your feet, regardless of whether the critical incident is at work, at home, or at play.