Loan Insurance

An insured loan is all the more reassuring!

Is this insurance for you?

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

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



Life insurance

  • In the event of death, the insured portion of the loan is paid off, up to a maximum of $10,000,000* per participant

Disability insurance

  • In the event of total disability, the insured portion of the instalment payments is paid off, up to a maximum of $10,000* per month, per participant
  • The insurer makes loan payments on behalf of the insured as long as they remain totally disabled. The insured also receives an additional amount that can be used to cover property upkeep expenses ( e.g., municipal and school taxes, electricity and heating

* For all Loan Insurance or Line of Credit Insurance policies issued by the insurer.


  • Premiums are calculated based on the:
    • loan balance
    • coverage selected
    • insured loan percentage selected
    • number of insured, their age and sex
    • loan amount and amortization period
    • smoking habits
  • By taking out Loan Insurance, you agree to a higher interest rate on your loan. The interest rate on your loan therefore consists of 2 rates combined: the basic interest rate charged by your financial institution plus an additional interest rate for the insurance.

This makes it possible to calculate the instalment premium based on the loan balance owing. Generally, the premium decreases as the loan balance decreases, since it automatically reflects the principal payments made. As a result, you pay a fair premium for the real risk that your loan represents.

  • “Double coverage” advantage. You can get a discount on your life insurance if you enrol in life insurance plus disability insurance


  • Premium payments are included in the instalment payments and the premium is automatically adjusted based on the loan balance so it’s always proportional to the insured risk


  • Non-taxable benefits that aren’t reduced by any amounts received from other private or public plans

Telephone assistance services

  • Free access to certain telephone assistance services offered under the Guide, Protect and Support Program :
    • Psychological Assistance
    • Convalescence Assistance – case management
    • Legal Assistance

Versatile Line of Credit holder?

See Loan Insurance – Versatile Line of Credit.

Find out more about the Loan Insurance

Read the Loan Insurance Participant’s Guide (PDF)

You may also be interested in these personal financial products...
Better informed!
Our blog abounds with articles of real interest to you
Read our blog
Read our blog
Skip to content