{"id":31553,"date":"2023-04-21T11:19:28","date_gmt":"2023-04-21T18:19:28","guid":{"rendered":"https:\/\/www.nerdwallet.com\/ca\/?page_id=31553"},"modified":"2023-04-21T11:19:29","modified_gmt":"2023-04-21T18:19:29","slug":"personal-loan-insurance","status":"publish","type":"page","link":"https:\/\/www.nerdwallet.com\/ca\/loans\/personal-loan-insurance","title":{"rendered":"Personal Loan Insurance: Do You Need It?"},"content":{"rendered":"\n<p>In addition to insuring physical objects, like a house or car, it\u2019s also possible to insure financial products, like a loan.<\/p>\n\n\n\n<p>Personal loan insurance can provide peace of mind \u2014 and protect your credit \u2014 if something happens, and you\u2019re suddenly unable to fulfill the requirements of your loan agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How personal loan insurance works<\/h2>\n\n\n\n<p>Personal loan insurance is an optional financial product that provides coverage in certain situations that may prevent you from paying back your <a href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/what-is-a-personal-loan\">personal loan<\/a>.<\/p>\n\n\n\n<p>For example, if you lose your job, are in a car accident, are hospitalized with a serious illness, or pass away, personal loan insurance can ensure your debts are paid.&nbsp;<\/p>\n\n\n\n<p>Personal loan insurance isn\u2019t mandatory, but you\u2019ll generally have the option to purchase coverage during the loan approval process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What events does personal loan insurance typically cover?<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/laid-off-deal-with-job-loss\">Job loss<\/a>.<\/li>\n\n\n\n<li>Sickness.<\/li>\n\n\n\n<li>Accidents.<\/li>\n\n\n\n<li>Death.<\/li>\n<\/ul>\n\n\n\n<p>Each loan insurance policy is different, so it\u2019s important to read the small print and ask questions. For example, pre-existing illness, part-time work or contract work may not be covered.<\/p>\n\n\n\n<p class=\"has-lightest-green-background-color has-background\"><strong>Nerdy tip:<\/strong> Personal loan insurance policies that provide payoff coverage in the event of death may be separate from those that provide monthly payment coverage in the event of job loss or illness. If you want coverage in both scenarios, you\u2019ll need to purchase two separate insurance products.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Who should consider personal loan insurance?<\/strong><\/h3>\n\n\n\n<p>Personal loan insurance can be quite expensive and isn\u2019t necessary for everyone. If you\u2019re borrowing a fairly small amount of money, are healthy and have stable employment, personal loan insurance may not be worth the added cost.<\/p>\n\n\n\n<p>However, in some circumstances, loan insurance might provide peach of mind, and be a cheaper alternative to other types of individual insurance.&nbsp;<\/p>\n\n\n\n<p>You will need to compare and evaluate your needs to see if personal loan insurance is worth it for you. Make sure to understand:<\/p>\n\n\n\n<ul>\n<li>The maximum benefit (the most the policy will pay).<\/li>\n\n\n\n<li>What illnesses are covered.<\/li>\n\n\n\n<li>What disabilities are covered.<\/li>\n\n\n\n<li>Whether the policy covers your particular type of employment.<\/li>\n\n\n\n<li>Conditions under which you may lose your coverage.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Pros and cons of personal loan insurance<\/h2>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-pros-cons c-block-pros-cons\"><h4 class=\"c-block-pros-cons__pros-title\">Pros<\/h4><ul class=\"c-block-pros-cons__pros-values\"><li>Can prevent loan default in cases of\u00a0job loss or illness.<\/li><li>Prevents your family from having to assume your debt, should you pass away.<\/li><\/ul><h4 class=\"c-block-pros-cons__cons-title\">Cons<\/h4><ul class=\"c-block-pros-cons__cons-values\"><li>May be expensive.\u00a0<\/li><li>May not cover pre-existing illness.<\/li><li>May not cover some types of work (self-employment, <a href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/what-is-freelancing\">freelance<\/a>, part-time, etc.). <\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">How much does personal loan insurance cost?<\/h2>\n\n\n\n<p>The amount you\u2019ll pay for personal loan insurance varies depending on your personal needs and financial health.&nbsp;<\/p>\n\n\n\n<p>Some of the factors that lenders consider when figuring out what to charge for a personal loan insurance policy include:<\/p>\n\n\n\n<ul>\n<li>The amount of your personal loan.<\/li>\n\n\n\n<li>How much time you need to pay off your personal loan.<\/li>\n\n\n\n<li>Your age, gender and physical health.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">How to buy personal loan insurance<\/h3>\n\n\n\n<p>Personal loan insurance can be purchased at the banks, credit unions, and <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-a-caisse-populaire\">caisse populaires<\/a> that offer personal loans.\u00a0<\/p>\n\n\n\n<p>Chances are your lender will discuss the product without you having to even ask, as many banks and financial institutions encourage it. However, they cannot charge you for personal loan insurance without your consent.<\/p>\n\n\n\n<p>If you agree to buy personal loan insurance, you must complete a separate agreement.\u00a0<\/p>\n\n\n\n<p>If your insurance is provided by a federally-regulated institution they must also provide you with the term of the agreement, a description of the product including when it starts and how to use it, information about how you will be charged for the insurance product, and any conditions required to cancel the product.\u00a0<\/p>\n\n\n\n<p>Personal loan insurance products are not sold by licensed insurance representatives, they\u2019re sold by banks and other personal loan providers. As such, it is up to you to ensure that the coverage offered will provide sufficient coverage based on your employment and health.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How to pay for personal loan insurance<\/h3>\n\n\n\n<p>You\u2019ll typically have two ways to pay for personal loan insurance:<\/p>\n\n\n\n<ol>\n<li>Pay for it upfront at the time of the application.&nbsp;<\/li>\n\n\n\n<li>Pay a recurring fee as part of your monthly loan payments.&nbsp;<\/li>\n<\/ol>\n\n\n\n<div class=\"nwb-authors nwb-authors__footer wp-block-nerdwallet-blocks-authors-card\">\n\t<div class=\"nwb-authors__wrapper\">\n\t\t<h4 class=\"nwb-authors__title\">\n\t\t\tAbout the Author\t\t<\/h4>\n\n\t\t\t\t\t<div class=\"nwb-authors__content\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\">\n\t\t\t\t\t\t<img\n\t\t\t\t\t\t\tclass=\"nwb-authors__image\"\n\t\t\t\t\t\t\tsrc=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Hannah-Logan-e1626212867388-100x100.jpg\"\n\t\t\t\t\t\t\twidth=\"120\" height=\"120\"\n\t\t\t\t\t\t\talt=\"Hannah Logan photo\"\n\t\t\t\t\t\t\/>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t<div>\n\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\">\n\t\t\t\t\t\t<strong>Hannah Logan<\/strong>\n\t\t\t\t\t<\/a>\n\n\t\t\t\t\t<div class=\"nwb-authors__bio\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Hannah Logan is a freelance writer and blogger who specializes in personal finance and travel. You can follow her personal travel blog EatSleepBreatheTravel.com or find her on Instagram @hannahlogan21.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\" title=\"Read more about Hannah Logan\">\n\t\t\t\t\t\t\t<span>Read more about Hannah Logan and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div>\n\n\n\n\t<section class=\"c-block-card-grid container\"\n\t\t\t>\n\t\t\t\t\t<h4 class=\"c-block-card-grid__title\">\n\t\t\t\tDIVE EVEN DEEPER\t\t\t<\/h4>\n\t\t\n\t\t<div class=\"c-block-card-grid-scroll column-four\">\n\t\t\t<div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-31440\" class=\"c-block-card post-31440 page type-page status-publish has-post-thumbnail hentry content-classification-loans topic-personal-loans cluster-personal-loans\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/no-credit-check-personal-loans\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"435\" height=\"290\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2023\/04\/GettyImages-1383890701-435x290.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"Are No-Credit-Check Personal Loans Legit?\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/no-credit-check-personal-loans\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tAre No-Credit-Check Personal Loans Legit?\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>No-credit-check personal loans do exist in Canada. While they may be easier to get, there are extra costs and risks to be aware of.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Hannah-Logan-e1626212867388-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Hannah Logan<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-31440 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-30844\" class=\"c-block-card post-30844 page type-page status-publish has-post-thumbnail hentry content-classification-loans topic-personal-loans cluster-personal-loans\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/where-to-apply-for-a-personal-loan\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"435\" height=\"290\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2023\/04\/GettyImages-1091855040-435x290.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"What&#8217;s the Best Place to Apply for a Personal Loan?\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/where-to-apply-for-a-personal-loan\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tWhat&#8217;s the Best Place to Apply for a Personal Loan?\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Personal loans are available from banks, credit unions, and alternative lenders. The best place to apply for a personal loan depends on your budget and credit score.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Hannah-Logan-e1626212867388-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Hannah Logan<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-30844 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-29288\" class=\"c-block-card post-29288 page type-page status-publish has-post-thumbnail hentry content-classification-loans topic-personal-loans cluster-personal-loans\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/what-is-a-secured-personal-loan\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"435\" height=\"290\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2023\/03\/GettyImages-1419405893-435x290.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"What Is a Secured Personal Loan?\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/what-is-a-secured-personal-loan\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tWhat Is a Secured Personal Loan?\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>A secured personal loan requires you to provide collateral to guarantee repayment. Defaulting on the loan can put your asset at risk<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sandra-macgregor\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Sandra-MacGregor-e1626212852416-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Sandra MacGregor<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-29288 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-23057\" class=\"c-block-card post-23057 page type-page status-publish has-post-thumbnail hentry content-classification-loans topic-personal-loans cluster-personal-loans\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/how-do-i-get-a-personal-loan\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"435\" height=\"290\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2023\/02\/GettyImages-1028679822-435x290.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How Do I Get a Personal Loan? Cost, Eligibility and Credit Score\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/how-do-i-get-a-personal-loan\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow Do I Get a Personal Loan? Cost, Eligibility and Credit Score\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>To get a personal loan in Canada, you&#8217;ll have to meet common requirements around age, residency, income, and credit score.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Hannah-Logan-e1626212867388-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Hannah Logan<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-23057 -->\n<\/div>\t\t<\/div>\n\t<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>Personal loan insurance can be purchased to provide coverage in case job loss, illness or death prevent you from repaying the loan.<\/p>\n","protected":false},"author":12,"featured_media":31556,"parent":15647,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/article-sidebar.php","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"[]","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":"","_nw_pros_cons_block_schema":"{\"@context\":\"http:\/\/schema.org\",\"@type\":\"Product\",\"name\":\"Personal Loan Insurance: Do You Need It?\",\"review\":{\"@type\":\"Review\",\"name\":\"Personal Loan Insurance: Do You Need It?\",\"author\":{\"@type\":\"Person\",\"name\":\"Post Author\"},\"positiveNotes\":{\"@type\":\"ItemList\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Can prevent loan default in cases of\u00a0job loss or illness.\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prevents your family from having to assume your debt, should you pass away.\"}]},\"negativeNotes\":{\"@type\":\"ItemList\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"May be expensive.\u00a0\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"May not cover pre-existing illness.\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"May not cover some types of work (self-employment, freelance, part-time, etc.). \"}]}}}"},"content-classification":[337],"topic":[338],"cluster":[339],"pp_author":[22],"acf":[],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Personal Loan Insurance: Do You Need It? - NerdWallet Canada<\/title>\n<meta name=\"description\" content=\"Personal loan insurance can be purchased to provide coverage in case job loss, illness or death prevent you from repaying the loan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nerdwallet.com\/ca\/loans\/personal-loan-insurance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Personal Loan Insurance: Do You Need It? - NerdWallet Canada\" \/>\n<meta property=\"og:description\" content=\"Personal loan insurance can be purchased to provide coverage in case job loss, illness or death prevent you from repaying the loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nerdwallet.com\/ca\/loans\/personal-loan-insurance\" \/>\n<meta property=\"og:site_name\" content=\"NerdWallet Canada\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NerdWallet\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-21T18:19:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2023\/04\/GettyImages-1393890859.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2120\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@NerdWallet\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data2\" content=\"Hannah Logan\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/loans\/personal-loan-insurance\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/loans\/personal-loan-insurance\",\"name\":\"Personal Loan Insurance: Do You Need It? 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