Line of Credit Insurance offers 2 types of coverage:
- Life insurance: In the event of death, the Insurer pays the sum insured indicated in the insurance application form. This amount cannot be less than $10,000 or exceed the amount of your line of credit (maximum $10 million1 per participant).
- Disability insurance: In the event of total disability, the Insurer pays the monthly amount indicated in the insurance application. This amount can be up to 3% of the life insurance amount chosen, for a maximum of $7,5001 a month per participant
1. For overall Loan Insurance and Line of Credit Insurance contracts issued by the Insurer.
