Disability Insurance1 helps protect your family’s ability to make the payments on your CIBC Personal Loan if you are unable to work due to disability. 

Key benefits


Payments are made towards your CIBC Personal Loan principal and interest, up to $200,000 (after a 30-day waiting period).

Instant coverage

Your coverage begins immediately on an approved CIBC Personal Loan once the loan funds are advanced and the insurance application is completed.


You don’t need to make separate payments for your insurance premiums—they’re automatically included with your CIBC Personal Loan payment.


Premiums are waived during the Disability benefit period.

30-day review period

If you change your mind, you can cancel the insurance within the first 30 days of receiving the Certificate of Insurance and any premiums collected will be refunded.

Did you know?

1 in 3 working Canadians will experience a period of disability lasting longer than 90 days during their working lives2.

Get started

For more information about product terms and conditions or further assistance, please visit one of our banking centresOpens a new window in your browser or call CIBC’s Creditor Insurance Helpline at 1-800-465-6020.

Terms and conditions

1 Disability Insurance for CIBC Personal Loans is 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), including pre-existing medical/health condition exclusions. Please download a sample copy of the Certificate of Insurance (PDF, 835 KB)  for the complete terms and conditions. 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: Benefits Canada, Workers Underestimate Likelihood of Disability, September 24, 2014.