An insured loan is all the more reassuring!
Are these coverages for you?
Types of insurance:
1Life insurance is a prerequisite for disability and critical illness coverage.
Type of insurance | Insurable persons | Age of eligibility | Termination of insurance |
Life | Borrower
Borrower’s spouse Co-borrower Guarantor or surety (9 insureds maximum) |
Between 18 and 69 years old inclusively | 75 years old |
Disability1 | Borrower
Co-borrower Guarantor or surety (2 insureds maximum) |
Between 18 and 64 years old inclusively | 70 years old |
Critical illness1 | Borrower
Co-borrower (2 insureds maximum) |
Between 18 and 55 years old inclusively | 70 years old |
1Life insurance is a prerequisite for disability and critical illness coverage. | |||
You must also be a permanent resident or a Canadian citizen when you sign the application |
Exclusions and limitations
Insurance coverages on the loan are offered by Acadia Life. They include certain exclusions and restrictions. To find out what they are, you can consult the insurance contracts available at your Caisse.
Legal notice
The information presented on this site summarizes the nature and conditions of the insurance coverages available on the loan. It has no contractual value. The information is intended to be clear and simple and to facilitate your understanding of these products.
The insurance contracts contain all the terms and conditions of the insurance coverages. Only the contracts can be used to determine legal issues.
Want to know more about the types of insurance coverage available on the line of credit?
For more information, do not hesitate to contact us to schedule an appointment.