Protect your projects and your loved ones.
Is this insurance for you?
Persons eligible : borrowers, their spouses 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
* For all Loan Insurance or Line of Credit Insurance policies issued by the insurer.
** Cancer recurrence: a cancer diagnosis occurring more than 60 months after treatment for a previous cancer diagnosis has ended.
*** For the line of credit portion, the monthly payment is calculated by amortizing the debt over a 10-year period.
This makes it possible to calculate your premium based on the loan balance owing. Generally, for the linked loans, the premium decreases as the loan balance decreases, since it automatically reflects the principal payments made. For the line of credit, the premium fluctuates based on the amount borrowed. As a result, you pay a fair premium for the real risk that your loan represents.
Read the Loan Insurance Participant’s Guide (PDF).