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.

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 approval
    On-the-spot approval with coverage beginning on the date your CIBC Personal Loan funds are advanced.
  • 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 that meets your needs to financially protect your CIBC Personal Loan in case of your death, disability or involuntary job loss.

Disability Insurance

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 Insurance

Benefits which help with managing your loan payments if you can’t work due to a disability, and your interest payments if you lose your job through no fault of your own.

Learn more about Payment Protector Insurance for CIBC Personal Loans.

Life Insurance

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.