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Penny Finance  Loan Protection Program

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Provide a peace of mind for you and your family by enrolling in Penny Finance Loan Protection Program. Penny Finance has partnered with Flap to offer loan protection insurance so that you can safeguard your credit, personal assets, and family against unexpected loan non-payment liabilities due to job loss, critical illness, disability, or accidental death. 

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We cover your monthly loan payments, up to 12 months, if you lose your job involuntarily. 

Job Loss

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We cover your monthly loan payments, up to 12 months, if you become disabled.

Disability

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We cover your outstanding loan balance for up to $30,000 if you get diagnosed of a critical illness

Critical Illness

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We cover your outstanding loan balance for up to $30,000 from accidental death or dismemberment

Death and Dismemberment

Why Loan Protection?

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Loan protection plan, also called creditor insurance, can help cover some or all of your loan payments in the event of an illness, disability, involuntary job loss or death. Insurance premiums are spread out over your loan payments, making it an affordable and manageable option. Loan insurance provides peace of mind for you and your family, and it offers security should you experience an unexpected event or reduction in your income. Detailed Certificate of Insurance can be found here

Coverage of Penny Finance Loan Protection Program:

  • Involuntary Job Loss

  • Critical Illness Coverage

  • Disability Coverage

  • Accidental Death, and

  • Up to $30,000 Loan Balance

Enroll

Enroll Me Today

Sign up is easy! Provide us information on the loan you want to protect, and we will take it from there!

Have Questions? Contact us!

hello@flapinsurance.com

Flap Technologies Canada Inc.

1460 The Queensway

Unit B352

Toronto, ON, M8Z 1S7

© 2023 Flap Technologies, Inc.

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