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Loan Protection Plan for
Personal Lines of Credit

Alleviate your worries and borrow with reassurance by signing up for personal loan insurance
under the optional Loan Protection Plan.

What is Loan Protection?

How Loan Protection Works

Peace of Mind
Ensure you, your family, your property and your credit rating are safe.
Easy Enrollment
Enrollment is as easy as checking a box on your online loan application.
Quick Claims
Most claim decisions are made within 72 hours based on the completed claims package being received by the insurer.

Optional Loan Protection Coverage*

When you enroll in the optional Loan Protection Plan, your loan payments and/or outstanding loan balance may be covered if you experience lifetime milestones or unexpected changes.

Loan Payment Protection Insurance

Involuntary Unemployment

If you are laid off without cause.

Benefit: Payments may be made for up to 6 months.

Plus: if you are still unemployed after 6 months, an additional lump sum payment may be made equal to the remaining balance to a maximum of $2,000.
(maximum potential total benefit $4,000)

Personal Loan Protection Insurance

Injury or Sickness

In the event that you sustain an injury or illness that prevents you from working for ten consecutive business days or longer.

Benefit: Payments may be made for up to 6 months.

Plus: if you are still unemployed after 6 months, an additional lump sum payment may be made equal to the remaining balance to a maximum of $2,000.
(maximum potential total benefit $4,000)

Payment Protection Insurance for Loans

Critical Illness

In the event that you are diagnosed with life-threatening cancer, suffer a stroke, heart attack, kidney failure or a major organ transplant for the first time in your life.

Benefit: 100% payment (your outstanding principal balance on date of critical illness. Max benefit $15,000)

Line of Credit Protection

Loss of Life

If you pass away.

Benefit: 100% payment (your outstanding principal balance on date of death. Max benefit $15,000)

Personal Loan Insurance

Lifetime Milestone Support

For occasions such as retirement from employment, purchase of a home, final payment of mortgage, birth or adoption of a child, marriage, graduation from post-secondary education, first job after graduation, or attending an apprentice program training.

Benefit: Payments may be made for 3 months. Maximum potential benefit of $2,000.

Loan Payment Protection

Unpaid Family Leave Support

If you have an unpaid leave of absence from your employment for more than 14 days, approved by your employer, to provide care or support to your spouse, child, or parent with a serious health condition.

Benefit: Payments may be made for 3 months. Maximum potential benefit of $2,000.


*The optional Loan Protection Plan is a Credit Group Insurance Plan Underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company.

Apply for a personal Line of Credit that provides you with the money you need
and covers you when the unexpected happens.

Apply for Credit
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Interest rates range from 19.99% to 46.93% Annual Interest Rate. Subject to eligibility, credit check, underwriting and approval. Terms and conditions apply. Credit limit and interest rate are based on creditworthiness at time of application. Generally, applicants who are most creditworthy qualify for the lowest rates. All loans are open-ended with no minimum or maximum payback term. 15-minute funding available only when using Interac e-Transfer® from 9:00am ET to 10:00pm ET Monday - Saturday; subject to system limitations. e-Transfers submitted after 10:00pm ET will receive their transfer the next day (excluding Sundays). Interac e-Transfer® can be used to transfer funds up to $10,000. Interac® and the Interac design are registered trademarks of Interac Inc.

†Cash advances only available up to approved credit limit; some restrictions may apply.

Loan Protection: Must be 18 years of age or older, and under 70 years of age to be eligible. The optional Loan Protection Plan is a Credit Group Insurance Plan Underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company.