You are eligible for Line of Credit Insurance if you are:
- the borrower's spouse; or
- the borrower's guarantor.
Age of eligibility
- You must be under age 70 for life insurance.
- You must be under age 65 and carry life insurance coverage for disability insurance.
Health questions
Eligibility is determined by a few insurability questions you have to answer when you take out the line of credit. Depending on your answers, you may be required to submit an Insurability Report.