Loan Protection

In the event you are disabled due to an accident or if you find yourself unemployed through no fault of your own, Audi After Care 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.Maximum monthly benefit amount:
$3,500Maximum benefit period:
Nine months cumulative

In the event of your death, Audi After Care 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.

Audi After Care Loan Protection helps alleviate worry about the potential loss of your vehicle as a result of a life-altering event.

Maximum coverage amount:
$200,000

Maximum term:
180 months

In the event you are disabled for a covered medical reason, Loan Protection will make the monthly payments of your loan until you get back on your feet; regardless if the critical incident is at work, at home, or at play.Maximum monthly benefit amount:
$3,500Maximum Term:
180 months

Audi After Care Loan Protection is fully backed by Canadian Premier Life Insurance Company. For more than 60 years, Canadian Premier Life has been committed to providing financial security to Canadians. Canadian Premier Life insures over one million individuals and families from coast to coast.

You may cancel Loan Protection at any time during the contract term. If a certificate is cancelled within 30 days from signing the application for insurance a full refund of premium will be paid and will not be subject to any administrative fees.

Any cancellation initiated after 30 days will be charged a $100 administrative fee which will be deducted from the refund.

To initiate a cancellation, the customer must complete a cancel request form, which is then submitted to the administrator. The administrator will refund the premiums due to the insured’s lienholder, as detailed on the Certificate of Insurance.

Should a customer wish to cancel because of loan payout, sufficient proof of payout from the lienholder is required for the unearned premium refund to be paid directly to the insured.