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You, also. need protection when you make other major purchases on credit including: cars, boats. large appliances. and furniture. When you take out a loan or buy a large item on credit, you will likely be asked if you want to buy creditor group life and disability insurance. This insurance is offered through But what happens if one of you is unable to continue working because of illness or death? You could lose your home. The Ontario Insurance Commission tells consumers that the best way to protect yourself, and your family, is to make sure you have insurance to cover loan and mortgage payments if some- thing unfortunate happens. But how can you make sure youve protected? " You have just purchased a house. You‘ve determined a payment plan for your mortgage based on the earnings of both you and your spouse. Shopping for loan insurance 1259 PARSONS LN. SOLD SOLD I'., LIVE IN THE PALACE IUDITH FORTIN“ 847-3030/827-9033 IN 10 DAYS ROOF TOP DECK TREES, PRIVACY MATURE $195,900 0 PARK 72 STEVENSON RD. PRIVATE 850 FT TERRACE TOP FLOOR! Or if you have life, accident, dis- ability, or sickness insurance, you should check to see if it gives you the coverage you want. Your existing plan may already help keep up loan pay- ments if you, or your spouse, become sick or disabled. It can cover general purpose loans, balances on credit cards, or lines of credit. Some banks and trust compa- nies even offer involuntary job loss benefits to cover you if you're laid off. Coverage depends on the terms of the policy you are offered, and the payments are added to your loan. But before you purchase this kind of insurance. you should make sure you won't get better coverage from an insurance agent. banks, lending institutions, and some- times even through the store where you make your purchase. Perhaps all you have to do is sim- ply increase your present coverage to get the amount of protection you need. $209,900 ne LAKEFRO INT JEWEL be CALL A PROVEN PERFORMER! JUDITH FORTIN" 847-3030 INSTANT DETAILS? RECORDED MESSAGE CALL 333-0505 HOUSE CALL #7755 4-BDRM. CONDO If you don't already have coverage and you decide to purchase creditor group life and disability insurance, carefully read the fine print on your certificate because policies vary from company to company. The way the insurer defines disabil- ity may affect whether or not you’re considered disabled and eligible for benefits. Look for the definition on your certificate. Be careful not to buy a plan for Other questions you should ask which you‘re not eligible. For exam- before you purchase creditor group ple, you may not be eligible for some life and disability insurance are: plans if you are over 65, self- ~When doIstart to pay? employed. unemployed at the time . Can my application be refused, you are applying. or if you’re working and if so will I get a refund? less than 20 hours per week. . Will I be paid interest on the Most policies won't provide bene- refund? fits if death or disability are the result . Do insurance premiums have to of a medical condition that existed “Be part of the loan or can they be paid before the effective date of your cov- separately to avoid financing costs? erage. If you have a significant medi- . Can I pay the loan off earlier? IfI cal history or chronic condition, it's in do, can I get a refund for the premium your best interest to discuss this with (See "Keep" RE 27) x Hell: sq h, .. nt SOLID Parklike setting, stunnin Views. Mature grounds. .87 acres . .87 acres Seawall - boat ramp between two sailing harbours $817,000 Call for your private viewing IN 5 DAYS WHAT A lOT! nt art hool l4 parks tl onny )ur tam: 4-bdrm In the insurer so you can be sure your claim will be paid. Also, if your disability recurs with- in a specific period of time, it may be considered a continuation of the previ- ous disability. Ask the insurer what the waiting period will be. Most disability policies specify a waiting period before you can collect benefits. Again, ask what the waiting period will be. For Professional Attention To All Your Real Estate Needs Call. BETTY PHILLIPS‘ 338-2201 (24 hr. pager) MARK HELLMANN* 847-3030 827-7682 WHITE PtNEs/LAttEsHORE anacy, space, Ialge roor On quiet crescent. Updp Baths (dbl. whirlpool tub Spacious conservatory $229,000 SE SHEILA GRAEBER* 847-3030/632-0263 We rooms tt. Updated