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The right insurance coverage can be important in helping to protect you and your family’s financial future. Creditor Insurance for CIBC Personal Lines of Credit1, underwritten by The Canada Life Assurance Company (Canada Life), can help you pay off or reduce your balance in the event of death, or cover payments in the event of a disability. Choose the insurance that meets your needs for your CIBC Personal Line of Credit to help financially protect you and your family against disability or death.
Greater security for your family
If you are unable to work due to a disability
With PLC disability insurance1, you can help ensure your payments are covered on your CIBC Personal Line of Credit (PLC) /Education Line of Credit (ELC) if you are unable to work due to disability.
Learn morelearn more about personal line of credit disability insurance
In the event of your death
With PLC life insurance1, you can help ensure your family does not have to worry about making the payments on your CIBC Personal Line of Credit (PLC) /Education Line of Credit (ELC) in the event of your death.
Learn morelearn more about personal line of credit life insurance
Did you know?
74% of surveyed Canadians said they’d have difficulty with expenses if a primary earner were to pass away.2Get started
Terms and conditions
1 Life Insurance and Disability Insurance for CIBC Personal Lines of Credit is optional creditor’s group insurance underwritten by The Canada Life Assurance Company (Canada Life) and administered by Canada Life and CIBC. CIBC receives fees from Canada Life for providing services to Canada Life regarding this insurance. Also, the risk under the group insurance policy may be reinsured, in whole or in part, to a reinsurer affiliated with CIBC. The reinsurer earns reinsurance income under this arrangement. Representatives promoting this insurance on behalf of CIBC may receive compensation. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid), including pre-existing medical/health condition exclusions. For the complete terms and conditions, please review the sample Certificate of Insurance (PDF, 170 KB) . The information in these pages is general only. Products and their features may change at any time. In case of discrepancy between the information and examples provided on these pages and your Certificate of Insurance, your Certificate of Insurance prevails.
2 Source: LIMRA 2013 Canadian Ownership Study.
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