Commercial Creditor Life Insurance

Protect the business you've built

You've worked hard to build your business, invested in it in more ways than one. And, like most entrepreneurs, you've probably pinned most of your future plans on the success of your company. But have you thought about what could happen if you or another key person in your business, agribusiness or farm got seriously hurt in an accident or passed away?

Coverage for Key Members of Your Team

With Commercial Creditor Life Insurance, the outstanding balances on your Scotiabank business or investment credits can be covered up to a maximum of $2,000,000 should you or a key contributor to your business become dismembered in an accident or pass away. This vital protection is available to critical members of your business operations, including:

  • Borrowers
  • Co-Borrowers
  • Partners
  • Shareholders owning at least 10% voting shares of the business
  • Guarantors
  • Key employees whose contributions are integral to the business and whose absence would make it difficult to carry on operations

A Living Benefit You Can Count On

Should a key contributor to your business lose an arm, leg, finger or sight as a result of an accident, Commercial Creditor Life Insurance can pay a benefit based on the severity of the loss. This payment will be credited against the outstanding balance of your insured commercial debt.

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