Protect your financial future

CIBC Creditor Insurance can help to protect your financial commitments, such as your mortgage, credit card, loan, or line of credit during unexpected events. Life can be unpredictable, and CIBC Creditor Insurance is designed to help protect both you and your loved ones so your finances don’t become a burden during challenging times.

It's all part of helping you stay financially resilient and providing added security to protect what matters most.

CIBC Creditor Insurance is optional insurance that can help you manage your CIBC debt payments relating to your mortgage, credit cards, loan or line of credit during certain unexpected events. If you’re unable to work due to a disability or involuntary job loss^ⓘ, the coverage can help cover or lower your regular debt payments. If you are diagnosed with a covered critical illness^ⓘ or pass away, the coverage can help pay off or reduce the outstanding balance of your debt. CIBC Creditor Insurance can help provide financial support when you need it most. It’s an added way to protect both you and your loved ones, helping you stay on track, even when life changes.

To learn more about submitting a claim for your creditor insurance, please visit our submit a claim page Opens a new window. for detailed information on the claims process, required documentation, and helpful resources to guide you through each step.

If you have any further questions, feel free to reach out to the CIBC Creditor Insurance Helpline at 1-800-465-6020 Opens your phone app..

Creditor insurance helps you and your family get financially prepared in the event of certain unforeseen circumstances.

Types of coverage: CIBC Creditor Insurance can help cover the debt payments or balance on your CIBC Mortgage, credit card, line of credit or loan if you pass away, are diagnosed with a covered critical illness^ⓘ, or you’re unable to work due to a disability or involuntary job loss.^ⓘ

Benefits: It can help pay off or reduce the outstanding balance or help manage regular payments of your insured debt.

Eligibility: CIBC Creditor Insurance coverage is available for borrowers of CIBC Mortgages, credit cards, lines of credit or personal loans with additional eligibility conditions related to age, residency, employment conditions in some cases, and it is based on the insurance coverage selected.

Cost: Premiums vary across different insurance coverages. They are calculated on factors such as the amount of debt, your age, and the applicable premium rates.

For additional details on premiums, please refer to the Certificate of Insurance. There are exclusions and limitations that are applicable to each coverage. Please review the Certificate of Insurance for complete details and contact us to get help in choosing the right solution suitable for your needs.