Life insurance:

This coverage will pay off the amount you choose to insure on your line of credit of $10,000 or more. If you haven't named a beneficiary, any amount that’s left over will be paid to the estate account.

Disability insurance

While you’re disabled, we’ll make monthly payments on your line of credit for the amount you choose, for up to 60 months. Any amount that’s left over will be deposited to your 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 psychological health specialist 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:

• have a line of credit of at least $10,000
• live in Canada
• be the borrower or the borrower’s guarantor
• 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The monthly premium is automatically withdrawn from your account.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.