Loan Protection

There's a way to insure your ATB Financial mortgage,
personal loan or line of credit.

Your financial future can change instantly when an unforeseen event occurs such as a disability or death. The effects of such an event can be far-reaching, especially when you have loan obligations. Thankfully, there is a way to ease the financial burden, and that's by purchasing life and disability insurance on your loan at ATB Financial. When the unexpected happens, this insurance can take care of your loan payments or settle your outstanding loan balance.

Why Loan Protection?

The mortgage on your home may be the largest financial obligation you have—an obligation you make because your home is important to you. That's why we offer residential mortgage Loan Protection. It takes care of your mortgage when the unexpected happens.

Even a seemingly small loan or line-of-credit balance could become a significant burden if you were unable to continue working and maintain your income level.

It happens.

Insurance Institute studies show that each year one out of every eight people cannot work for at least three months because of a disability. Even more are away from work for at least two months because they're recovering from an accident or unforeseen medical emergency.

Even a few months without income can drain your resources and prevent you from meeting your financial obligations.

Disability insurance on your loan could cover your payments when you are disabled.

For most of us, the risk of suddenly dying is the last thing on our minds. But if you died suddenly and left behind an uninsured loan, your family, beneficiaries or business partners would face the additional financial burden of repaying that loan. Resources you put aside for other purposes may have to be used for loan payments.

Loan or line-of-credit life insurance could pay off your loan in the event of your death.

Tools:

ATB Financial has several tools and resources that can help you assess your insurance needs.

Loan Protection proves there's a way to peace of mind with ATB Financial.

Loan insurance at ATB Financial is provided by Sun Life Assurance Company of Canada, a member of the Sun Life group of companies.

For more information on ATB Financial Loan Protection, visit any branch of ATB Financial, or call us today at 1-800-332-8383 (toll-free). For the address of the ATB Financial location nearest you, please use the Branch Locator.

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