Loan Termination Insurance (LTI)
LTI covers you during the loan term in the case that you may suffer a disability, become involuntarily unemployed, suffer critical illness, or become bankrupt (for those who are self-employed) or even go through divorce. These times can be very tough financially; this insurance product can ease the worries during trying times.
Based on the level of cover you choose, you then hold the option to “Hand Back” the vehicle to the dealer, and subject to your LTI cover, if the payout figure on your finance contract is more than the value of your vehicle then insurer will pay out the shortfall to the financier. If you wish to consider this insurance cover to assist in feeling safer financially then Enquire Now for LTI cover.*