With Life Insurance for CIBC Personal Lines of Credit1, underwritten by The Canada Life Assurance Company (Canada Life), your family won’t have to worry about making the payments on your CIBC Personal Line of Credit (PLC) or Education Line of Credit (ELC), in the event of your death.


Key benefits


Outstanding balance of your CIBC PLC/ELC would be reduced or paid off up to $300,000* (and up to $750,000 for all of your life insured CIBC PLC/ELCs).

Instant coverage

On-the-spot approval for a CIBC PLC/ELC up to $150,000** with coverage beginning immediately if you're eligible to apply and your CIBC PLC/ELC is approved.


You don’t need to make separate payments for your insurance premiums — they're automatically charged to your PLC/ELC account and detailed on your monthly statement.

Important documents and other information

Your certificate of insurance will contain the full details of your coverage, including benefits, cost, eligibility conditions, limitations and exclusions.

To help you make an informed decision, you can access a sample certificate of insurance and other important documents below.

  Tip: Download the form by right-clicking the file and selecting “Save link as.” You can then open it using Adobe Acrobat Reader.

Did you know?

45% of Canadian households believe they need more life insurance (up from 38% in 2006)2.


For more information about product terms, conditions, limitations, exclusions and other provisions or further assistance please call CIBC's Creditor Insurance Helpline at 1-800-465-6020Opens your phone app..