Disability Insurance for CIBC Personal Lines of Credit

Help provide greater security for you and your family should you become unable to work due to a disability.

With Disability Insurance for CIBC Personal Lines of Credit¹, underwritten by The Canada Life Assurance Company (Canada Life), it can help ensure you and your family are not worried about making the payments on your CIBC Personal Line of Credit (PLC) or Education Line of Credit (ELC), if you are unable to work due to a disability.

Key benefits

Protection

Up to $6,000 per month is applied towards your CIBC PLC/ELC payments for a maximum period of 24 months (after a 30-day waiting period)^*.

Instant coverage

On-the-spot approval for a CIBC PLC/ELC up to $150,000^*^* with coverage beginning immediately if you're eligible to apply and your CIBC PLC/ELC is approved.

Convenience

You don’t need to make separate payments for your insurance premiums — they're automatically included to your PLC/ELC payment and are detailed on your monthly statement.

Saving

Premium discount of 10% on your PLC disability insurance when at least 1 applicant is approved for both PLC life and disability insurance.

Important documents and other information

Your certificate of insurance will contain the full details of your coverage, including benefits, cost, eligibility conditions, limitations and exclusions.

To help you make an informed decision, you can access sample certificates of insurance and other important documents below.

Tip: Download the form by right-clicking the file and selecting “Save link as.” You can then open it using Adobe Acrobat Reader.

Did you know?

1 in 3 working Canadians will experience a period of disability lasting longer than 90 days during their working lives.²

Questions?

For more information about product terms, conditions, limitations, exclusions and other provisions or further assistance, please call CIBC's Creditor Insurance Helpline at 1-800-465-6020Opens your phone app..

Opens in a new window.Creditor Insurance for CIBC Personal Lines of Credit (PDF 450 KB) Opens in a new window.