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Credit Protection

Protect your purchasing power, no matter what comes your way.

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Loan Insurance

You work hard for your money and your lifestyle, but sometimes life can take a hard turn. In the event of illness, disability, or death, spare your loved ones any unplanned, overwhelming debt.

Single Premium

Overview

Single premium products are designed for personal, fixed-term loans. The premium is paid once, at the time the loan is approved. 

Key features

  • Your insured loan is paid if you suffer an unexpected disability, are diagnosed with a critical illness, or pass away

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Life Coverage

Overview

With life coverage on your personal loan with a fixed term of repayment, your remaining insured balance will be paid in full should a tragedy occur. 

Key features

  • Maximum coverage is $90,000

  • Maximum term of coverage is 180 months

  • Maximum issue age is 69

  • Coverage ceases at age 75

  • Program pays outstanding balance of your insured loan, plus accrued interest, plus settlement interest

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Critical Illness Coverage

Overview

Coverage on your personal loan provides peace of mind in the event of a medical impairment including cancer, stroke, and heart attack. In the event of a critical illness, your remaining insured balance will be paid in full.

Key features

  • Maximum coverage is $90,000

  • Maximum term of coverage is 180 months

  • Maximum issue age is 59

  • Coverage ceases at age 75

  • Program pays outstanding balance of your insured loan, plus accrued interest, plus settlement interest

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Disability Coverage

Overview

Coverage on your personal loan provides peace of mind in the event of an unexpected disability.

Key features

  • Maximum monthly benefit is $1,500

  • Maximum term of coverage is 180 months

  • Maximum term of benefits is be 72 months

  • Maximum issue age is 69

  • Coverage ceases at age 75

  • Program pays monthly insured loan payments

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Line of Credit Insurance

With payment protection, you will have the peace of mind knowing your loved ones and assets are covered.

Monthly Premium

Overview

Monthly premium products are designed around a revolving line of credit. Your premium is paid monthly and is based on the average daily balance of the prior month. 

Key features

  • If your authorized limit or loan amount is over $50,000, a health questionnaire is required

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Life Coverage

Overview

Protect your loved ones, assets, and credit rating. In the event of a tragedy, the monthly premium programs will repay the outstanding balance of your insured line of credit, plus accrued interest and any cheques in transit for a line of credit.

Key features

  • Maximum coverage is $1,000,000 (application prior to age 65)

  • Maximum coverage is $100,000 (application from age 65 to age 69)

  • Maximum issue age is 69

  • Coverage ceases at age 75

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Critical Illness Coverage

Overview

In the event of a medical impairment, including cancer, stroke and heart attack, the monthly premium programs will repay the outstanding balance of your insured line of credit, plus accrued interest and any cheques in transit for a line of credit.

Key features

  • Life coverage is a pre-requisite

  • Maximum coverage is $1,000,000

  • Maximum issue age is 59

  • Coverage ceases at age 75

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Disability Coverage

Overview

In the event of an unexpected disability, a payment of 3% of the outstanding balance of your insured line of credit at time of claim will be paid on your behalf.

Key features

  • Maximum monthly benefit is $3,000

  • Maximum term of benefits is 60 months

  • Maximum issue age is 69

  • Age coverage ceases at 75

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Ready to get started?

We’ll be happy to answer any questions and help you set up the insurance coverage you need.

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We focus on your unique situation and goals to help you make smart financial decisions that could save you a lot of money.

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Term life insurance for peace of mind

Find the right life insurance plan for you, with coverage ranging from $10,000 to $500,000. 

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