Creditor Insurance for CIBC Personal Loans

The right insurance coverage can be important to help protect you and your family’s financial future.

Creditor Insurance for CIBC Personal Loans¹, underwritten by The Canada Life Assurance Company (Canada Life) can help pay off or reduce your balance in the event of your death. It can also cover your loan’s regular payments of principal and interest in the event you are unable to work due to a disability. And, if you lose your job through no fault of your own, this insurance can cover the interest payable on your loan.

Choose protection for your CIBC Personal Loan to meet your needs.

Get greater security for you and your family:

If you're unable to work due to a disability

With disability insurance, help protect you and your family’s ability to make the payments on your CIBC Personal Loan if you're unable to work due to a disability.

Learn more about Disability Insurance for CIBC Personal Loans. Opens in a new window.

If you become unable to work due to a disability or lose your job

This insurance can cover your loan’s regular payments of principal and interest in the event you are unable to work due to a disability. And, if you lose your job through no fault of your own, this insurance can cover the interest payable on your loan for up to 6 months.

Learn more about Payment Protector Insurance for CIBC Personal Loans. Opens in a new window.

In the event of death

With life insurance help protect your family’s ability to help pay off or reduce your CIBC Personal Loan balance in the event of death.

Learn more about Life Insurance for CIBC Personal Loans. Opens in a new window.