Commercial line of credit insurance

Fulfill your financial obligations under your business line of credit in the event of death or disability without any hassle.

Is this insurance for you?

  • You hold a line of credit at your Caisse.
  • You are looking for a protection that will allow you to meet the financial obligations related to your line of credit in the event of death, or disability.

Persons eligible: Available to eligible company members, regardless of the size or type of business or industry.

Life insurance: must be under 70

Disability insurance: must be under age 65 and already enrolled in life insurance

Benefits: Based on your needs and paid regardless of line of credit balance

Premiums: Based on due balance



Line of Credit Insurance offers you 2 types of coverage:

  • Life Insurance. In the event of death, the Insurer pays the insured amount indicated on your insurance application form. This amount cannot be less than $10,000 or exceed the amount of your line of credit (maximum $10 million* per participant).
  • Disability Insurance. In the event of total disability, the Insurer pays the monthly amount indicated on your insurance application. This amount can be up to 3% of the life insurance amount chosen, for a maximum of $7,500* a month.


The premium is calculated based on the amount you have chosen to insure and the applicable premium rates based on the age attained by each insured.

The first premium is due on the date the insurance becomes effective. The following premiums are payable on the same date each month.

Note that the first two premium payments are withdrawn on the first day of the second month of insurance.


Generally not taxable or reduced by amounts received from other insurance plans.


No matter what your type of business, its size or the business sector in which it operates, you are eligible for Line of Credit Insurance if you are:

  • the borrower, his/her spouse or his/her guarantor
  • a member, shareholder, director, owner of the borrowing corporate body or his/her spouse or the guarantor of this corporate body

Age of eligibility

  • Life Insurance: you must be under 70 years of age.
  • Disability Insurance: you must be under 65 years of age and already have life insurance.

Health questions

In most cases, eligibility for Line of Credit Insurance is determined on the basis of a few medical questions asked when you apply for the line of credit. Based on your answers, you may be required to submit an insurability report.

Assistance service

More information

Limitations, restrictions and exclusions

Certain limitations, restrictions and exclusions may apply. For the complete list, see the Participant’s Guide or refer to the insurance policy available at your Caisse populaire.

There are no exclusions regarding the type of work.

Legal Notice

This section summarizes the type of coverage provided and the terms and conditions of the Line of Credit Insurance. The information is intended to be clear and simple, so that you can easily understand the product.

The insurance policy contains all the terms and conditions of Line of Credit Insurance. Only the policy and insurance application will be used to settle legal disputes.

Find out more

See the Distribution Guide or contact Desjardins Financial Security by toll-free at 1-866-838-7584, Monday to Friday, 8:00 a.m. to 5:00 p.m. (ET).

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