Accessibility Quick Links
Why choose Creditor Insurance for your CIBC credit card?
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.
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:
As the primary cardholder, you’re covered for involuntary unemployment, loss of self-employment, disability, death and a critical illness.
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 isn’t covered in the event of involuntary unemployment and loss of self-employment.
Note: Spousal Coverage (referred to as Primary Cardholder + Spouse Coverage) isn’t available in Quebec and Saskatchewan or via CIBC Online Banking® and CIBC Mobile Banking® App. To enrol in Spousal Coverage please visit your nearest CIBC Banking Centre or contact Canadian Premier Life Insurance Company at 1-800-893-2862 Opens your phone app..
Important documents and information
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.
- Certificate of Insurance for Primary Cardholder coverage (PDF, 275 KB) Opens in a new window.
- Certificate of Insurance for Primary Cardholder and Spousal coverage (PDF, 285 KB) Opens in a new window.
- Product Summary (PDF, 375 KB) Opens in a new window.
- Additionally, for Quebec residents:
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
Apply now through CIBC Online Banking®. Or, contact the insurer, Canadian Premier Life Insurance Company, for more information about product terms and conditions and further assistance.
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, 260 KB) Opens in a new window.. You can also find additional terms described in the Certificate of Insurance (with spousal coverage) (PDF, 270 KB) Opens in a new window. . 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.