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


The maximum monthly benefit is $3,000 applied toward your CIBC Mortgage payments, up to 24 months per claim (after a 60-day waiting period) and to a maximum of $150,000 per insured disability incident.2

Instant coverage

On-the-spot approval with coverage beginning immediately if you are 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 are added to your CIBC Mortgage payment and automatically adjusted if you change the frequency of your CIBC Mortgage payment.

30-day review period

If you change your mind, you can cancel the insurance within the first 30 days of receiving the Certificate of Insurance and any premiums collected will be refunded.


Premiums are waived during the disability benefit period and no premiums are charged until your CIBC Mortgage is funded.

Saving for two applicants

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

Prior coverage recognition

If you are 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”.

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.