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 Loans1, underwritten by The Canada Life Assurance Company (Canada Life), can help to pay off or reduce your balance in the event of your death. It can also cover your loan’s regular payments of principal and interest in the event you are unable to work due to a disability. If you lose your job through no fault of your own, this insurance can cover the interest payable on your loan.
Customize your protection
Choose insurance that meets your needs to financially protect your CIBC Personal Loan in case of your death, disability or involuntary job loss.