Life insurance:

• The insured portion of the loan will be paid off, up to $10 million per person.

Disability insurance

• The insured portion of the instalment payments will be paid, up to $10,000 per month, per person.
• In case of disability due to cancer, payments will be made from the first day of disability.

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 Loan 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)

Premiums are charged as an additional interest rate applied to the balance of your loan. This rate varies based on:

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

We offer a discount for having both life and disability insurance.

The premium is adjusted automatically as the loan balance decreases.

For a full list of conditions, consult the insurance policy available at your caisse or refer to the:

• If you signed your application on or after November 24, 2019 :
• Loan insurance documents (PDF, 1.21 MB)
• If you signed your application before November 24, 2019, refer to the Loan Insurance Participant’s Guide (PDF, 2.04 MB)

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.