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Insurance
Protect your family’s financial well-being. Ensure that the principal and interest remaining on your Scotia Plan Loan, Mortgage, ScotiaLine Personal Line of Credit, or credit cards are paid off in the event of your death.
Credit Protection:
Ensure that your loan and credit balances are covered in the event a tragedy.
Life coverage available at monthly premiums based on your previous month’s balance. Automatic approval for those under 70 if enrolling for Life Protection. Single life coverage costs only 29 cents for every $100 of your previous month’s balance. No premiums charged for zero balance.
Ensure that your outstanding loan balance is paid up to the policy maximum in the event of your death. Joint coverage available.
Premiums are determined by your age and Mortgage balance on the date you apply. The younger you are, the less you pay, and joint coverage discounts are available.