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Personal Credit Protection Insurance

You work too hard for your money and your lifestyle not to have a back-up plan. That’s why we have partnered with CUMIS to offer protection for you and your family in the event of the unexpected.

Protect your mortgage for your new home, safeguard your line of credit for your growing business, or rest assured that your new car loan is safe. Whatever it is, payment protection helps you protect the things that matter to you:

  • your credit rating
  • your savings and retirement
  • your home
  • your family

Mortgage Protection

Protect the home and your family’s lifestyle

Your home may be your largest investment. With mortgage protection, you can protect your family financially for less than you think. Mortgage protection can payout the outstanding balance of your mortgage in the event of a critical illness or death, and can help cover payments because of financial hardship due to a disability or involuntary loss of employment.

  • Total disability: Covers your insured monthly mortgage payments if you suffer an illness or injury that keeps you from being able to work for an extended period of time.
  • Critical illness: Pays your insured outstanding mortgage balance if you suffer a stroke, heart attack, or are diagnosed with cancer.
  • Life: Pays your insured outstanding mortgage balance, in the event of your death. Plus, we provide a Living Benefit feature if you are diagnosed with a terminal illness with a life expectancy of 12 months or less.
  • Loss of employment: Takes care of your insured mortgage payments if you involuntarily lose your job or are suspended because of a layoff.

Loan or Line of Credit Protection

Maintain a good credit score, while protecting your family’s future

Loan and line of credit protection helps cover your monthly payments during a challenging time. Plus, it could protect your credit rating and future borrowing power.

  • Total disability: Covers your insured monthly payments if you suffer an illness or injury that keeps you from being able to work for an extended period of time.
  • Critical illness: Pays your insured outstanding balance if you suffer a stroke, heart attack, or are diagnosed with cancer.
  • Life: Pays or reduces your insured outstanding balance, in the event of your death. Plus, we provide a Living Benefit feature if you are diagnosed with a terminal illness with a life expectancy of 12 months or less.

Be prepared and protected

We’re here to help you choose the solution that best suits your needs. For more information, contact CUMIS today at 1(800)-263-9120 weekdays, 8 a.m. to 8 p.m. EST or cumis.com

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Creditor’s group insurance is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrolment intake, medical underwriting and claims administration, are provided by the employees of CUMIS Services Incorporated, a subsidiary of Co-operators Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions, and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details. To contact CUMIS, A Division of Cooperators Life Insurance Company, visit www.cumis.com or call 1-800-263-9120.

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A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.

  • A secondary piece of identification from the primary list above
  • Canadian Birth Certificate
  • Credit Card bearing the name and signature of the individual which has issued by a well-known and reputable Canadian financial institution
  • A CNIB (Canadian Institute for the Blind) client card bearing the individual’s photo and signature
  • Provincial Outdoors Card
  • Canadian University or College Student Card with photo (for student identification only)
  • An employee identification card (with photo) issued by an employer that is well known in the community (i.e. KGH, DND, Queens University, Corrections Canada, etc.)
  • Foreign passport
  • Canadian Passport
  • Permanent resident card
  • Citizenship card (issued prior to 2012)
  • Secure Certificate of Indian Status issued by the Government of Canada
  • Driver’s licenses issued by province or territory
  • The DND (Department of National Defense) 404 driver’s license
  • Nexus Card issued by Canada Border Services Agency
  • Provincial Service Cards
  • Provincial or territorial identity cards (i.e. Ontario Photo Identification Card)
  • Foreign Passport (only if it is equivalent to a Canadian issued photo identification document)