shiron Posted August 21, 2021 Report Share Posted August 21, 2021 I'm currently signing up for a LOC with RBC and they were telling me about their insurance protection plan (life and disability insurance). I'm still undecided if I need the life/disability insurance for my LOC. So I wanted to ask around to see what people did and whether or not it's worth it. Quote Link to comment Share on other sites More sharing options...
Bambi Posted August 22, 2021 Report Share Posted August 22, 2021 It's not for you, its for their protection if something happens to you and they cannot be repaid. Don't take it. tooth 1 Quote Link to comment Share on other sites More sharing options...
Ostracized Posted August 22, 2021 Report Share Posted August 22, 2021 Do you have significant assets that would be passed on when you die? If not, then it’s not worth it at all. If you die or get disabled, you/your estate will declare bankruptcy and it won’t matter. My scummy bank rep told me that my parents would be stuck with the LOC bill if I die without insurance. They didn’t cosign, it was just a lie. Bambi and capoo 2 Quote Link to comment Share on other sites More sharing options...
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