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.
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.
Did you know?
74% of surveyed Canadians said they’d have difficulty with expenses if a primary earner were to pass away.2