Line of Credit Insurance

Line of credit insurance

Be prepared for anything!

This insurance adapts to your needs by covering you for the amount you choose when you take out your line of credit.

Find the phone number for your caisse

Why take out line of credit insurance?

Regardless of the industry your business is in, this coverage insures your line of credit in case of death or disability. It allows you to keep your business running without having to worry about cash flow.

How does it work?

You and your eligible company members have access to 2 types of coverage:

  • Life insurance, which will pay off the line of credit in the event of death
  • Disability insurance, which will help you make payments on the line of credit in case of disability

Life insurance

We’ll pay off the amount you choose to insure on your line of credit of $10,000 or more. Any amount that’s left over will be deposited to your company’s account.

Disability insurance

We’ll pay the monthly amount you choose to insure. This amount is used to make payments on your line of credit while you’re disabled, for up to 60 months. Any amount that’s left over will be deposited to your company’s account.

Benefits paid

Amounts paid are non-taxable and are not affected by benefits paid by other private or public plans.

3 services included

  • Psychological Assistance: confidential support from a psychologist to help you through difficult times
  • Legal Assistance: information about your rights and options to help you resolve legal problems
  • Convalescence Assistance – Case Management: telephone assistance from a team of healthcare specialists and assistance coordinators while you recover

To take out line of credit insurance, you must:

  • live in Canada
  • be a director, officer, owner or guarantor of the business
  • be 69 or under (for the life insurance coverage)
  • be 64 or under and have the life insurance coverage (for the disability insurance coverage)

The premium is based on:

  • the amount of insurance
  • the type(s) of coverage you choose
  • the number of people being insured, their age, their sex and whether or not they smoke

The monthly premium is automatically withdrawn from your company's account.

For a full list of conditions, consult the insurance policy available at your caisse or the Line of Credit Insurance Documents (PDF, 477 KB) This link opens in a new window..

Legal notice

The information on this site is intended to help you understand the product by providing a simple, clear summary of the nature and conditions of the insurance. Only the policy and the insurance application will be used to settle legal disputes. Refer to the insurance policy for a full list of terms and conditions.

Customer service


Online: Claim form External link. Opens in a new window.

By phone: 1-877-338-8928 This link will launch your default phone software.

At a caisse: Make an appointment with an advisor

Assistance services

For psychological, legal or convalescence assistance, call 1-877-477-3033 This link will launch your default phone software.