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Line of Credit Protection

Line of Credit Protection

Your line of credit account gives you the financial freedom to buy the things you want and need in life like a family vacation, renovations for your home, or that much-needed brake job on your car. With Line of Credit Protection, you can also enjoy the peace of mind that comes from knowing your line of credit account won't become a heavy burden for you or someone else should you become disabled, seriously ill or pass away.


Get the Coverage that's Right for You!

Line of Credit Protection pays the outstanding balance on your line of credit account if you are diagnosed with a covered health condition or if you pass away. It will also pay a monthly benefit in the event that you become disabled. To ensure you get the coverage that's right for you, we offer three types of coverage to protect your line of credit.


Line of Credit Health Crisis Protection

  • If you are diagnosed with a covered health condition or terminal illness, Health Crisis Protection will pay off the outstanding balance on your line of credit account.

Line of Credit Loss of Life Protection

  • Should you pass away, Loss of Life Protection pays off any outstanding balance on your line of credit account.

Line of Credit Disability Protection

  • A sudden disability can make paying your line of credit an alarming financial burden. With Disability Protection you will receive a monthly benefit for your line of credit.
 

The Bank of Nova Scotia and ScotiaLife Financial are not insurers. All insurance plans are underwritten by independent licensed insurers.