Get the peace of mind of knowing your financial responsibilities are covered in the event of illness, accident or death.

Illness and Accident

When you have a loan, line of credit, or overdraft the last thing you want to worry about is how your payments will be made if you suffer an illness or accident. With Illness and Accident Insurance, if you are off work for more than 30 days due to accident or illness, your loan payments may be covered until you return to work.

Premiums are low, just pennies a day. Plus, they're included in your regular loan payment. No physical exam is required when coverage is added at the time of borrowing. The maximum coverage on a line of credit is $100,000. The maximum coverage on loans is $100,000 and is underwritten by SunLife Assurance Company of Canada or The CUMIS Group Limited.

Life Insurance

Life Insurance protection pays the outstanding balance on personal loans, lines of credit, overdrafts or mortgages, leaving your loved ones debt free.

A personal loan insurance premium is included in regular loan payments. Lines of credit, equity lines and overdraft premiums are paid out monthly based on the average daily balance. Affordable joint coverage is available to those who qualify. In fact, it's just pennies a day. Mortgage loan insurance premiums are paid monthly through a pre-authorized debit.

Payment Protection Legal Disclaimer:

Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.