Fulfill your financial obligations under your line of credit in the event of death or disability without any hassle.
Is this insurance for you?
Persons eligible: borrowers or guarantors
Life insurance: must be under 70
Disability insurance: must be under 65 and already enrolled in life insurance
Eligibility: You need to answer only a few questions to determine your eligibility
In the event of death, the sum insured indicated on the insurance application is paid off. This amount cannot be less than $10,000 or exceed the amount of the line of credit (maximum $10,000,000 [ 1 ] per participant)
In the event of disability, the monthly amount indicated on the insurance application is paid off. This amount can be up to 3% of the life insurance amount chosen (maximum of $10,000* per month, per participant)
* For all Line of Credit Insurance or Loan Insurance policies issued by the insurer.
Some restrictions apply
See Loan Insurance – Versatile Line of Credit for the portion of Loan Insurance that applies specifically to this type of financing.