Credit Life Protection removes that worry. It will pay off your outstanding ScotiaLine Gold balance thereby 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 joint coverage at a discount if there is a second borrower on the account.

You Are Already Approved!

As a ScotiaLine Gold customer, it’s easy to take advantage of this important protection. You are already approved for coverage provided that you (and your secondary account holder) are less than 65 years of age on the date you sign up. No health questions asked.

Affordable monthly premiums for Credit Life Protection are based on your average daily outstanding balance during the previous billing period and your current age. The premium is based on the eldest borrower.

Just find your age in the following table to see how affordable your premiums can be. A discount applies if joint coverage is selected.

Premium rate per $1,000 of average daily outstanding balance

The monthly insurance premium amount is added to your ScotiaLine Gold account automatically and is reported on your statement. What’s more, no premium will be charged if you did not carry a balance during the previous billing statement period.

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

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.