When you buy a home, you want security to go with it. Mortgage Critical Illness Insurance1 can provide financial protection by paying off or reducing your mortgage if you’re diagnosed with a covered cancer, acute heart attack or stroke — as long as you survive for at least 30 days.

Mortgage Critical Illness Insurance is underwritten by The Canada Life Assurance Company (Canada Life). Purchase of this insurance is optional and is not required to obtain any CIBC product or service.

Did you know?

Working Canadians understand that a critical illness would have serious financial and emotional consequences. Among their top 5 financial concerns, should they become critically ill, is their inability or struggle to make mortgage or rent payments2. Yet, fewer than 1 in 10 Canadians actually have personal critical illness insurance3.

Important documents and other information

Information about CIBC

CIBC receives fees from the insurer, The Canada Life Assurance 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

Get started

For more information about product terms and conditions or further assistance, call CIBC's Creditor Insurance Helpline at 1-800-465-6020Opens a new window in your browser..


Terms and conditions

Critical Illness Insurance for CIBC Mortgages is an optional creditor’s group insurance underwritten by The Canada Life Assurance Company (Canada Life) and administered by Canada Life and CIBC. CIBC receives fees from Canada Life for providing services to Canada Life 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. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid). For the complete terms and conditions, review the sample Certificate of Insurance (PDF, 310 KB) Opens a new window in your browser.. The information in these pages is general only. 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.

2 Source: GWL/CLA/LL Critical Illness Insurance — Thought Leadership Research 2015 (1786 online interviews)

3 Source: Edward Jones via Leger online panel of 1564 Canadians in October 2016

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