Why choose Creditor Insurance for your CIBC credit card?

  • Protection
    This insurance helps you make your CIBC credit card payments if you’re unable to work due to a disability, involuntary unemployment loss of self-employment or in the event of a critical illness or death.
  • Spousal coverage
    Disability, Life, Accidental Death and Critical Illness Insurance coverage is also available for your spouse.
  • Convenience
    Insurance premiums are charged to your CIBC credit card at the end of each statement period.

What coverage plans are offered?

You can choose between Primary Cardholder Coverage and Primary Cardholder + Spouse Coverage:

A credit card

Primary Cardholder Coverage:
As the primary cardholder, you’re covered for involuntary unemployment, loss of self-employment, disability, death and a critical illness.

A credit and a debit card

Primary Cardholder + Spouse Coverage:
As the primary cardholder, you’re covered for involuntary unemployment, loss of self-employment, disability, death and a critical illness. In addition, your spouse is covered in the event of disability, diagnosis of a critical illness and death. Your spouse is covered in the event of involuntary unemployment and loss of self-employment.

Important documents and information

Important documents

Your certificate of insurance will contain the full details of your coverage, including benefits, cost, eligibility conditions, limitations and exclusions. Your certificate of insurance will be mailed to you approximately 2 weeks after you complete your application.

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

Information about CIBC

CIBC receives fees from the insurer, Canadian Premier Life Insurance Company, for providing services to the insurer regarding this insurance. Also, the risk under the group policy may be reinsured, in whole or in part, to a reinsurer affiliated with CIBC. The reinsurer earns reinsurance income under this arrangement. Representatives promoting this Insurance on behalf of CIBC may receive compensation.    

Frequently asked questions

You may also contact the insurer for more information about product terms and conditions or further assistance:

Canadian Premier Life Insurance Company
25 Sheppard Ave West, Suite 1400
Toronto, Ontario
M2N 6S6

For service in English, call opens your phone appopens your phone app1-800-893-2862opens your phone app.
For service in French, call opens your phone app1-800-939-0169opens your phone app.


Terms and conditions

1 The content of these pages is provided for informational purposes only and is not complete in detail. CIBC Payment Protector™ Insurance for Credit Cards is an optional creditor’s group insurance underwritten by Canadian Premier Life Insurance Company (Canadian Premier) and administered by Canadian Premier and CIBC. CIBC is the group policyholder. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid), including pre-existing medical/health condition exclusions. These and other terms are described in the Certificate of Insurance (PDF, 1.5 MB) Opens a new window in your browser.Opens a new window in your browser. and Certificate of Insurance (with spousal coverage) (PDF, 755 KB) Opens a new window in your browser.. You will receive your Certificate of Insurance in the mail as well. CIBC receives fees from Canadian Premier for providing services to Canadian Premier regarding this insurance. Also, the risk under the group insurance policy may be reinsured, in whole or in part, to a reinsurer affiliated with CIBC. The reinsurer earns reinsurance income under this arrangement. Representatives promoting this insurance on behalf of CIBC may receive compensation. Products and their features may change at any time. In case of discrepancy between the information and examples provided on these pages and your Certificate of Insurance, your Certificate of Insurance prevails.