Scotia Business Loan Protection

Protect the business you built

Product Benefits

    This vital protection is available to critical members of your business operations, including:

  • A sole proprietor or partner;
  • A guarantor
  • Shareholders owning at least 10% voting shares of the business
  • A key employee whose contributions are essential to an eligible business entity and without whom the eligible business entity would have difficulty operating.

Account Details


Scotia Business Loan Protection is simple but effective insurance. If you or another key employee loses the ability to work, Scotia Business Loan Protection can make regular payments or completely pay off your Scotiabank line of credit, loan or credit card. If you or another key employee passes away, your outstanding loan amounts can be paid in full.

Services


Basic Protection

With Basic Protection, your business can receive a life insurance benefit of up to $2,000,000 if an insured person passes away.

Comprehensive Protection

Life insurance benefit of up to $2,000,000 if an insured person passes away;

 

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