Your personalised protection planner
Based on the information that you have provided, there may
be shortfalls in your protection strategy. Optional Creditor Protection Insurance can help mitigate the
financial impacts from unexpected life events.
If you had a disability
Creditor Protection Insurance can help protect your Scotiabank
financial obligations in the event of a disability (i.e., if you are unable to work due to an
injury or covered impairment.
You would need ($2,680) to pay your monthly Scotiabank debt
obligations in case of disability.
You
are sufficiently protected to pay off all your monthly Scotiabank debt obligations.
If you had a critical illness
Creditor Protection Insurance can payoff outstanding Scotiabank
credit obligations if you are diagnosed with a specific illness.
You would need ($2,680) to pay off all your outstanding
Scotiabank debt obligations.
You are sufficiently
protected to pay off all your outstanding Scotiabank debt obligations.
If you passed away
Creditor Protection Insurance can pay off your outstanding Scotiabank
credit obligations.
You would need ($530,000) to pay off all your outstanding
Scotiabank debt obligations.
You
are sufficiently protected to pay off all your outstanding Scotiabank debt obligations.
0% of
Scotiabank debt obligations not covered
100% of
Scotiabank debt obligations covered
Your financial details summary
Debt: What are your current
Scotiabank debt obligations?
Mortgage
Mortgage Amount
$ 480,000
Monthly Payments
$ 1,800
Credit Cards
Balance Owed
$ 10,000
Monthly Payments
$ 280
Loans and Lines
Balance Owed
$ 6,000
Monthly Payments
$ 100
Savings: How much money have you
saved?
Chequing and Savings
$ 4,000
Non-Registered Investments
$ 1,000
Registered Investments
$ 1,000
Cash Flow: Tell us about your
income.
Coverage: How much insurance
coverage do you currently have?
Legal
Creditor Protection Insurance is optional and presented for illustration purposes only. Eligibility,
waiting period and pre-existing conditions apply to certain coverages. Full details of the coverage,
including when the coverage begins and ends, how to make a claim, terms and conditions, and
limitations and exclusions, are outlined in the Certificate of Insurance. A sample Certificate of
Insurance is available on scotiabank.com/insurance.
The Bank of Nova Scotia is not an insurer. All insurance plans are
underwritten by independent licensed insurers.
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