Your CIBC Personal Loan offers you a simple and convenient borrowing solution to help you achieve your goals. But should something unexpected happen, the right insurance coverage can help keep your and your family’s financial future protected. 

Creditor Insurance for CIBC Personal Loans, underwritten by The Canada Life Assurance Company (Canada Life), can help to pay off or reduce your balance in the event of death or cover your payments in the event of a disability or involuntary job loss.

Why choose Creditor Insurance for your CIBC Personal Loan?

  • Protection
    This insurance will protect your CIBC Personal Loan and make sure your monthly payments are made if you can’t work due to a disability or involuntary job loss, or help pay off or reduce your balance in the event of your death.
  • Instant coverage
    Get on-the-spot approval for the CIBC Personal Loan insurance with coverage beginning immediately when your personal loan is approved and you’ve received the loan funds.
  • Convenience
    Don’t worry about making separate payments for your insurance premiums. They’re automatically included in your CIBC Personal Loan payments.

Customize your protection

Choose insurance for your personal loan that meets your needs to financially protect against death, disability or involuntary job loss.

Disability Insurance1

Protect your and your family’s ability to make the payments on your CIBC Personal Loan If you can’t work due to a disability.

Learn more about Disability Insurance for CIBC Personal Loans.

Payment Protector Insurance1

Make sure your loan payments are covered if you lose your job through no fault of your own or can’t work due to a disability.

Learn more about Payment Protector Insurance for CIBC Personal Loans.

Life Insurance2

Have peace of mind knowing that your family can pay off or reduce your loan balance in the event of your death. 

Learn more about Life Insurance for CIBC Personal Loans.