Insurance

Protection from the unexpected

Protect yourself and your family against the unexpected. We offer travel and credit protection insurance through a trusted credit union partner.

 

Mortgage Protection

Group Mortgage Protection Insurance

Your house is a big investment and it is important to ensure that it is protected in the event of the unexpected. Group Mortgage Protection (GMP) is a monthly premium product that helps protect your family’s home for the life of your mortgage.

If you choose life coverage on your mortgage, you can also purchase optional riders, including disability, loss of employment and critical illness coverage. You will be required to answer health questions through the process.

Life Coverage

  • Maximum coverage is $1,000,000
  • Maximum term of coverage is 35 years
  • Maximum issue age is 69Coverage ceases at age 75
  • Program pays outstanding balance of your insured mortgage at date of death, plus accrued interest, plus settlement interest

Additional Coverage Options (Life coverage is a pre-requisite)

Involuntary Loss of Employment Coverage

  • Maximum monthly benefit is $3,000
  • Maximum term of benefits is 9 monthsMaximum term of coverage is 35 years
  • Maximum issue age is 69
  • Age coverage ceases at age 75
  • Waiting period (before benefits become payable) is 60-day
    non-retroactive
  • Program pays monthly insured mortgage payments

Disability Coverage

  • Maximum monthly benefit is $3,000
  • Maximum term of benefits is 24 months
  • Maximum term of coverage is 35 years
  • Maximum issue age is 69
  • Coverage ceases at age 75
  • Waiting period (before benefits become payable) is 60-day
    non-retroactive
  • Program pays monthly insured mortgage payments

Critical Illness Coverage

  • Medical impairments insured include cancer, stroke and heart attack
  • Maximum coverage is $1,000,000
  • Maximum term of coverage is 35 years
  • Maximum issue age is 59
  • Coverage ceases at age 75
  • Program pays outstanding balance of your insured mortgage at date of critical illness diagnosis, plus accrued interest, plus settlement interest

For detailed information talk to us in your branch.

The details of this insurance product, including important exclusions, restrictions and limitations on the coverage and benefits payable, are contained in the Certificate of Insurance which you will receive when you apply.

Lines of Credit and Loans

Payment protection for lines of credit and loans

You work hard for your money and your lifestyle but sometimes life can take a hard turn; you may find yourself critically ill, in an accident or unexpectedly pass away; leaving loved ones with unplanned, overwhelming debt.

With payment protection, you will have the peace of mind knowing your loved ones and assets are covered.

Line of Credit

Monthly Premium products are designed for either a revolving line of credit or a personal, fixed term loan. Your premium is paid monthly and is based on the average daily balance of the prior month. If your authorized limit or loan amount is greater than $50,000, you will be required to answer health questions.

Life Coverage

Credit Life insurance provides peace of mind by helping to protect your loved ones, assets and credit rating from the unexpected. In the event of a tragedy, the monthly premium programs will repay the outstanding balance of your insured line of credit, plus accrued interest and any cheques in transit for a line of credit.

Details:

  • Maximum coverage is $1,000,000 (application prior to age 65)
  • Maximum coverage is $100,000 (application from age 65 to age 69)
  • Maximum issue age is 69
  • Coverage ceases at age 75

Critical Illness Coverage (Life coverage is a pre-requisite)

In the event of a medical impairment, including cancer, stroke and heart attack, the monthly premium programs will repay the outstanding balance of your insured line of credit, plus accrued interest and any cheques in transit for a line of credit.

Details:

  • Maximum coverage is $1,000,000
  • Maximum issue age is 59
  • Coverage ceases at age 75

Disability

In the event of an unexpected disability, your monthly insured loan payments (for fixed term loans) or three per cent of the outstanding balance of your insured line of credit at time of claim (for line of credit) will be paid on your behalf. 

Details:

  • Maximum monthly benefit is $3,000
  • Maximum term of benefits is 60 months
  • Maximum issue age is 69
  • Age coverage ceases at 75

Loans

Single Premium products are designed for personal, fixed-term loans. The premium is paid once, at the time the loan is approved. Whether you suffer an unexpected disability, are diagnosed with a critical illness or pass away, this coverage will ensure your insured loan is paid.

Life Coverage

This program was designed to meet a specific need at a specific point in time. Having life coverage on your personal loan with a fixed term of repayment, ensures your financial security should a tragedy occur.

In the event of death, your remaining insured balance will be paid in full.

Details:

  • Maximum coverage is $90,000
  • Maximum term of coverage is 180 months
  • Maximum issue age is 69
  • Coverage ceases at age 75
  • Program pays outstanding balance of your insured loan, plus accrued interest, plus settlement interest

Critical Illness Coverage

Coverage on your personal loan provides peace of mind in the event of a medical impairment, including cancer, stroke and heart attack.

In the event of a critical illness, your remaining insured balance will be paid in full.

Details:

  • Maximum coverage is $90,000
  • Maximum term of coverage is 180 months
  • Maximum issue age is 59
  • Coverage ceases at age 75
  • Program pays outstanding balance of your insured loan, plus accrued interest, plus settlement interest

Disability

Coverage on your personal loan provides peace of mind in the event of an unexpected disability.

Details:

  • Maximum monthly benefit is $1,500
  • Maximum term of coverage is 180 months
  • Maximum term of benefits may be 72 months
  • Maximum issue age is 69
  • Coverage ceases at age 75
  • Program pays monthly insured loan payments


For detailed information, talk to us at your branch.

The details of this insurance product, including important exclusions, restrictions and limitations on the coverage and benefits payable, are contained in the Certificate of Insurance which you will receive when you apply.

Travel

Travel Insurance Program

Enjoy that secure feeling knowing that the unique coverage and service offered are designed with your needs in mind.

Whether you are still in school, well into retirement, a world traveller or off on a quick weekend escape, coverage options are available that fit your lifestyle.

Our trusted credit union partner's travel insurance program offers you:

  • Up to $5 million in out-of-province coverage for emergency hospital and doctor visits

  • Exceptional claims service when you need it most

  • Affordable coverage with plans starting as low as $2 a day

  • 24/7 access to multi-lingual emergency travel assistance 

  • Convenient multi-trip plans ideal for frequent travellers, including the unique 8-day plan

  • Take Flight™ plans designed for Snowbirds

  • Assistance with lost or stolen travel documents

  • Quick and easy application

  • Coverage can begin as soon as you need it - even today.

To learn more about available plans, or to purchase coverage, contact your branch.


 

 

Find Branch/ATM

Enter address, postal code or branch name