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Credit Protection

Protect your purchasing power, no matter what comes your way.

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Loan Insurance

Payment protection insurance on your personal loan can give you the comfort of knowing that your loan payments can continue to be made if you become critically ill or disabled.

  • Life and critical illness up to $90,000
  • No health questions
  • One-time payment for coverage
  • Disability coverage up to $1,500/month for up to 72 months (up to a maximum cumulative amount of $108,000)
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Line of Credit Insurance

Protect the financial flexibility your line of credit gives you with payment protection insurance. If you become critically ill or disabled, your payments can be covered to prevent you from defaulting.

  • Life and critical illness up to $1,000,000
  • No health questions for a line of credit under $50,000
  • Disability coverage will pay 3% of an outstanding balance up to a maximum of $3,000/month for up to 60 months (up to a maximum cumulative amount of $180,000).

Ready to get started?

We’ll be happy to answer any questions and help you set up the insurance coverage you need.

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Mortgage insurance

Shield yourself and your family from financial strain during life's uncertainties, with mortgage insurance. Talk to us to learn what this valuable coverage provides.

 
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Travel safely and securely

Quality, convenient coverage that provides peace of mind protection and worry-free security while travelling.

 
 

Level up your financial know-how

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Get more genuine tips, tricks, and helpful resources on our Honest Money blog.

 

Payment Protection Insurance is optional and underwritten by Co-operators Life Insurance Company. Supporting services, such as enrolment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated, a subsidiary of Co-operators Life Insurance Company. Not all products are available in all provinces. Coverage is governed by the terms of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details. To contact CUMIS, a division of Co-operators Life Insurance Company, visit www.cumis.com or call 1-800-263-9120. CUMIS and Co-operators Life Insurance Company are committed to protecting the privacy, confidentiality, accuracy and security of the personal information that we collect, use, retain and disclose in the course of conducting our business. Please visit cooperators.ca/privacy for more information. CUMIS® is a registered trademark of The CUMIS Group Limited and is used with permission.© 2025 Co-operators Life Insurance Company