Credit Life Protection removes this worry. It will pay off your outstanding Scotiabank credit card balance thus relieving your loved ones of added financial pressure at a very difficult time. If you already have coverage for yourself, now is the time to consider adding joint coverage if you have a secondary account holder on the account with you.

You’re already approved!

As a Scotiabank credit card customer, it’s easy to take advantage of this important protection. You are already approved for coverage provided that you (and the secondary cardholder) are less than age 70 on the date you sign up. No health questions asked. At age 70, only accidental death protection is provided.

Affordable Monthly Premiums for Credit Life Protection Are Based on Your Balance

Single coverage costs just 29 cents for every $100 of the outstanding balance on your previous month’s Scotiabank credit card statement. Joint coverage on the same Scotiabank credit card account costs just 52 cents for every $100 of the outstanding balance.

Your monthly insurance premium amount is added to your Scotiabank credit card account automatically and is reported on your statement. What’s more, no premium will be charged if your previous month’s statement balance was zero.

Please visit your Scotiabank branch to enrol or to obtain more information about Credit Life Protection for credit cards.

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 Sagicor Life Inc.