Credit Critical Illness Insurance - Single Premium

Additional insurance coverage in the event of critical illness (i.e. heart attack, stroke or cancer) for term loan products.

Peace of mind: Expand/Collapse

"You don't need to worry about your loan while you're concentrating on regaining your health."
- In the event of a critical illness, your remaining insured loan balance will be paid in full.
- Single or joint coverage available.
- Same rates for smokers/non-smokers.

"Your assets are protected should you suffer a critical illness."
- Maximum coverage is $90,000.
- Maximum term of coverage is 180 months.

"You qualify for insurance without the need to answer health questions."
- No health questionnaire. Pre-existing conditions are taken into consideration.

Flexible: Expand/Collapse

"Your insurance is added to your loan and included in your payment amount."
- Premiums can be added to loan balance, or paid in cash.

"As long as you have a loan you can apply for insurance today or anytime in the future."
- No closing date for application.
- Full refund of premium paid if cancelled within 30 days of applying.

Affordable: Expand/Collapse

"You can purchase insurance at an affordable rate."
- Competitive rates.

Cost Savings: Expand/Collapse

"If you pay your loan out early you may be entitled to a refund of premium."

Additional Information:

- You must be enrolled in Credit Life Insurance (Single premium) in order to obtain Critical Illness Insurance (Single premium).
- No benefit payable for cancer if any signs/symptoms occur within 90 days following the coverage effective date.
- Coverage ceases on 75th birthday.
- 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.

Who might benefit from this product/service?

Those between the ages of 16 and 59 who would like coverage on their loan with a fixed term of repayment and would like financial security should the unexpected occur.

 

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