Creditor Insurance for You and Your Family
What’s it all about?
If you have a mortgage, loan, credit card, line of credit or lease, creditor insurance can help you protect your ability to meet your financial obligation by providing a benefit in the event of your death, disability, critical illness or job loss.
It can be a low-cost, convenient way of providing security for your family. Creditor insurance is distributed through financial institutions, auto dealers, mortgage brokers and lending institutions. Enrolment is voluntary and is most often made available at the time you enter your loan or leasing agreement.
With 50 years’ experience, we are Canada’s leading provider of creditor insurance. We work with many of the leading financial institutions in Canada.
Canada Life underwrites several types of creditor insurance. The products, coverage and benefits available vary by lender and by product. Benefits are paid directly to your lender.
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