According to LGM’s team of F&I experts, car owners often don’t know the financial obligations that they are liable for in the event of job loss, and while the risk of job loss happening is always there, in the current unstable job market, many Canadians are increasingly at risk and increasingly unable to afford their expenses.
This is why car loan protection is so important. As part of their typical F&I presentation, we recommend that Financial Services Managers incorporate a visualization tool, so their customers can see exactly how their finances will break down with job loss. That’s where our useful Income Table for Job Loss tool can come in handy.
Download the Income Table
Financial Services Managers can download Income Table for Job Loss in Canada for FREE to help build a personalized case for why the customer would benefit from protecting their car loan.
After completing the needs assessment and using the income table available in Loan Protection Part 1: Help customers visualize how loan protection works, the Financial Services Manager will be able to help the customer visualize their financial standing and can offer them a timely and personalized F&I presentation.
If you need any support with using this tool, please don’t hesitate to reach out to us at Sales@LGM.ca or contact your local LGM Dealer Development Manager (DDM).
Disclaimer: The content for our blog is written by LGM Financial Services Inc. and provided for informational purposes only. While we want to provide you with valuable insights into vehicles, protection products and related topics, none of the information posted in our blog is intended to provide you with any mechanical, financial, legal or other professional advice. LGM disclaims all liability related to our blog and provides posts on an “as is” basis; we may reference third-party sources of information and we always strive for accuracy. Any amounts are only mentioned for illustrative purposes. Product information is provided in summary form and products may not be suited to your personal circumstances; please refer to the contractual terms and conditions applying to those products. LGM is committed to integrity and transparency; while LGM may have a financial interest in certain products mentioned in our blog, we only write about products that we know and trust. Thanks for reading!
