Line of Credit Insurance

Don't be caught off guard!

  • Line of credit coverage in the event of death or disability
  • No middleman; simply enrol at a caisse
  • Disability coverage that adapts to your needs
  • Benefits paid regardless of the balance on the line of credit


With Line of Credit Insurance, you get:

  • Coverage that allows you to make your line of credit payments in the event of death or disability on a minimum line of credit of $10,000
  • A choice of 2 coverages: life insurance and disability insurance
  • Disability benefits that can be paid for up to 60 months
  • Non-taxable benefits that aren't reduced by any amounts received from other private or public plans
  • Provides free access to certain telephone assistance services:
    • Psychological Assistance
    • Convalescence Assistance - case management
    • Legal Assistance

Versatile Line of Credit holders: see Loan Insurance - Versatile Line of Credit for the portion of Loan Insurance that applies specifically to this type of financing

  • Minimum line of credit amount: $10,000
  • Persons eligible: borrowers, their spouses or guarantors
  • Life insurance: must be under age 70
  • Disability insurance: must be under age 65 and already enrolled in life insurance

Eligibility is determined on the basis of a few questions asked when applying for the line of credit. Depending on the answers, you'll find out right away if you're eligible, or whether an insurability report needs to be submitted.

Life insurance

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)

Disability insurance

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 1 per month, per participant)
  1. For all Line of Credit Insurance or Loan Insurance policies issued by the insurer.

Premiums are calculated based on the:

  • coverages selected
  • number of insureds, their age and sex
  • sum insured
  • smoking habits

The monthly premium is automatically withdrawn from your account.


To learn more about Line of Credit Insurance, check out the Participant's Guide (PDF, 839 KB) - This link will open in a new window.. It contains everything you need to know about the product, including conditions, terms, exclusions and restrictions.

Exclusions and restrictions

Some exclusions and restrictions apply. For a complete list, see the Line of Credit Insurance Participant's Guide (PDF, 839 KB) - This link will open in a new window. or visit your caisse to consult the insurance policy.

Legal notice

The information appearing on this site summarizes the terms and conditions of this insurance and has no contractual value. It's intended to be clear and simple, so you can easily understand the product.

Only the policy and insurance application will be used to settle legal disputes. The insurance policy contains all the terms and conditions of this coverage.