With your Scotia Plan Loan, you have access to greater borrowing power, and favourable interest rates to help you meet many of your most pressing needs. Did you know, however, that in the event of your death, this convenience could become a financial obligation for your family or estate?
Credit Life Protection removes that worry. It will pay off your outstanding Scotia Plan Loan balance in the event of your death, thereby relieving your loved ones of added financial pressure at a very difficult time.
Rest Assured with Credit Protection for Scotia Plan Loans:
With Credit Life Protection for Scotia Plan Loans, you can rest assured that you and your family will be protected in case you pass away. So you don't have to worry about leaving someone else with the burden of repaying your loan or being the one left behind to shoulder the payments When two borrowers are insured for the same Scotia Plan Loan, discounts are applied for each borrower's calculated premium.
A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan.
Coverage is subject to specific limitations and exclusions, including age restrictions, as described in the Certificate of Group Credit Life Insurance and the Policy, which you will receive upon purchase.
Please refer to the Certificate of Group Credit Life Insurance for details.
Insurance is underwritten by Demerara Mutual Life Assurance Society Limited.
Single and joint coverage is available
No health questions asked
Relieve loved ones of potential financial burden