When you buy a home, you want security to go with it. Mortgage disability insurance1 can help. It helps provide financial protection for your CIBC Mortgage if you can no longer work due to a disability, to help protect what is likely your family’s most important asset.

Key benefits


In case of disability1, up to $3,000 per month2 would be applied toward your CIBC Mortgage payments for up to 24 months (after a 60-day waiting period) to a maximum of $150,000 per incident of disability.

Instant coverage

On-the-spot approval with coverage beginning immediately if you're eligible to apply and answer “No” to the health questions on the insurance application and your CIBC Mortgage is approved.


You don’t have to make separate payments for your insurance premiums — they're added to your CIBC Mortgage payment and automatically adjusted if you change the frequency of your CIBC Mortgage payment.

Saving for 2 applicants

When 2 applicants are approved for Mortgage Disability Insurance, save 5% off the combined single premium rate.

Prior coverage recognition

If you're declined for insurance coverage on your new CIBC Mortgage, but you had insurance coverage on the CIBC Mortgage you paid out, you may be eligible to have a portion of your new CIBC Mortgage insured under “Prior coverage recognition.”

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?

1 in 3 working Canadians will experience a period of disability lasting longer than 90 days during their working lives3.


For more information about product terms and conditions or further assistance, please visit one of our banking centres or call CIBC's Creditor Insurance Helpline at 1-800-465-6020.