"Creditor insurance is expensive"
Myth
Scotia offers competitive premiums. Did you know that 70% of Canadians with Creditor Protection Insurance say it's an affordable insurance option1?
Try our Creditor Insurance Protection Planner Tool to learn how to best protect yourself.
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Registered trademarks of The Bank of Nova Scotia, used under license.
The Bank of Nova Scotia is not an insurer. All insurance plans are underwritten by independent licensed insurers.
Scotia Mortgage Protection and Scotia Line of Credit Protection is underwritten by The Canada Life Assurance Company.
Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada under a Group Policy issued to the Bank of Nova Scotia.
All coverages are subject to terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.
1,2 Source: The Canadian Association of Financial Institutions in Insurance (CAFII) commissioned national online survey of 1,003 adult Canadians who have Credit Protection Insurance on a mortgage and/ or home equity line of credit. The survey was conducted from October 3 to 16, 2018 by Pollara Strategic Insights