You’re protected.

 
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Our Creditor Insurance helps give the financial protection you may need if you’re unable to make a payment to your Recovery Loan, due to death, disability or job loss.

We offer the following mandatory creditor insurance protection for your Encore Credit Recovery Loan.

 
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Coverage Description of Coverage Benefit Waiting Period for Benefits Options
Life Client passes away 100% payment of outstanding balance N/A
Disability Where you are unable to work for 30 days or longer Payments will be made for up to 6 months, or until you go back to work and resume making your payments, or the loan is paid off, whichever occurs first. 30-day retroactive
Involuntary Unemployment If you have been involuntarily unemployed, and have been employed for at least 90 days and eligible for EI benefits Payments will be made for up to 6 months, or until you go back to work and resume making your payments, or the loan is paid off, whichever occurs first. 30-day retroactive