The right insurance coverage can be important to help protect you and your family’s financial future. Creditor Insurance for CIBC Personal Loans1, underwritten by The Canada Life Assurance Company (Canada Life) can help pay off or reduce your balance in the event of your death, or cover your payments in the event you are unable to work due to a disability or involuntary job loss. Choose protection for your CIBC Personal Loan to meet your needs.

Get greater security for you and your family:

If you are unable to work due to a disability

With disability insurance1, help protect you and your family’s ability to make the payments on your CIBC Personal Loan if you are unable to work due to a disability.

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If you become unable to work due to a disability or lose your job

With Payment Protector Insurance for CIBC Personal Loans1, help protect you and your family’s ability to make the payments and interest on your CIBC Personal Loan if you’re unable to work due to a disability or lose your job through no fault of your own.

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In the event of death

With life insurance1 help protect your family’s ability to help pay off or reduce your CIBC Personal Loan balance in the event of death.

Did you know?

Job loss and illness or injury account for more than half of all personal bankruptcies in Canada. Job loss accounts for almost 40% of personal bankruptcies2.

74% of surveyed Canadians said they’d have difficulty with expenses if a primary earner were to pass away3.