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Line of Credit Loss of Life Protection

Line of Credit Loss of Life Protection

With Loss of Life Protection, you can feel good knowing the people you care about won't have to worry about your debt if you pass away. We'll pay the outstanding balance on your line of credit account. The maximum coverage for any one of your insured lines of credit is $150,000, and for all of your insured lines of credit combined the maximum coverage is $300,000.


Pay Only for the Protection You Need

The cost of the Loss of Life Protection plan is determined by your age, the average daily outstanding balance on your account during the billing period, and whether you choose single, joint or dual coverage. No premiums are charged if you have a zero balance on your account during the billing period. So you're paying only for the protection you need. And for your convenience, your Loss of Life Protection premiums are billed directly to your insured line of credit account.


Have more questions?

For rates and more information about Line of Credit Loss of Life Protection, please refer to our list of frequently asked questions.




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