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Credit Protection for Scotia Plan Loans
Right for you if you want:
Your ScotiaLine Personal Line of Credit gives you access to greater borrowing and favourable interest rates to help you meet your most pressing needs. However, in the event of your death, or the diagnosis of a specified health crisis, this convenience could become a financial obligation for your family.
Credit Protection can remove these worries.
can pay off the outstanding loan balance on your account in the event of your death, relieving your loved ones of added financial pressure at a difficult time.
can pay off your outstanding loan balance up to the policy maximum in the event that you are diagnosed with a heart attack, stroke, cancer, or suffer the loss of limbs or sight in both eyes due to an accident or illness.
Credit Protection for Scotia Plan Loans can cover both the borrower and the co-borrower if joint coverage is elected, so you don't have to worry about leaving someone else with the burden of repaying your loan, or being the one left behind to make the payments alone.
Scotiabank loan customers under 55 years of age can apply for Health Crisis Protection and loan customers under 65 years of age can apply for Life Protection.
No health questions
are asked
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A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan.