Scotia Plan Loan Life & Disability Protection
Imagine not being able to work because of an illness or injury. How will you or your family pay the bills and protect your assets and credit rating at the same time? If you pass away, would the people you care about be left worrying about your debts?
Rest assured with ScotiaLife Financial
With Scotia Plan™ Loan Life and Disability Insurance, you can rest assured that you and your family will be protected in case you can't work because of an illness or injury*, or if you pass away. Scotia Plan Loan Life and Disability Insurance covers:
- Your monthly loan payments (after a waiting period of 30 days) should you be unable to work as a result of an illness or injury.
- The outstanding balance (up to $150,000) on all your Scotia Plan loans should you pass away.
Scotia Plan Loan Life and Disability Insurance covers not only the borrower but also the co-borrower. You don't have to worry about leaving someone else with the burden of repaying your loan or being the one left behind to shoulder the payments.
Have more questions?
For rates and more information about Scotia Plan Loan Life and Disability Insurance, please refer to our list of frequently asked questions.