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Creditor insurance

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Creditor insurance

You never know what life will throw your way. Make sure that your family is covered, no matter what happens, with life and disability insurance on a variety of lending products through Canada Life Assurance Company.

In the event of death, the outstanding balance of the insured loan, plus up to 90 days of accrued interest, is paid off. Your estate, business or family wouldn't have to worry about the debt. 

In the event that you become disabled, minimum payments will continue to be made on your mortgage and loans, ensuring that your loans stay in good standing, protecting your credit rating. 

You can apply for both disability and life insurance and joint coverage is available.