Scotia Line of Credit Protection

Convenient insurance coverage when you need it

Your Scotia Line of Credit gives you the financial freedom to buy the things you want and need in life like a family vacation, renovations for your home, or that much-needed brake job on your car. No matter how you use your Scotia Line of Credit, we can help provide the financial support when you need it most.

Scotia Line of Credit Protection insurance can help you stay on track financially and can do more than just protect the ‘things’ in your life.

Get the Coverage That’s Right for You!


Provides financial support by covering your line of credit account payments if you are unable to work because of an injury or impairment.

More details, Disability
Critical Illness

Allows you to focus on getting better with coverage that can pay off your outstanding line of credit account if you are diagnosed with a specific illness.

More details, Critical Illness

For times when your family may need it most, this coverage can provide your family financial relief by  paying off your outstanding line of credit account balance if you pass away.

More details, Life

  • Premium is billed monthly to the line of credit account based on Age and daily balance during the billing period
  • A 15% discount applies for a single borrower with Life and Critical Illness.
  • A discount will apply for joint coverage on Life and Critical Illness.    

How premiums are calculated, Cost

  • Principal borrower, co-borrower or guarantor must be at least eighteen (18) years old and less than sixty-five (65) years old.
  • You must be a resident of Canada.

Following are some exclusions, limitations and waiting periods that may apply:

  • Pre-existing conditions are not covered. A pre-existing condition is defined as any sickness or injury for which You or the Co-borrower, as applicable, received medical advice, consultation, investigation, diagnosis, or for which Treatment was required or recommended by a Doctor, during the 12 months prior to the Effective Date of Your coverage
  • Benefits are not payable if the death resulted directly or indirectly from intentionally self-inflicted injury.
  • For Critical Illness* insurance, certain conditions and forms of cancer are not covered. Benefit is not payable if cancer is diagnosed within 90 days of the effective date of coverage.
  • There is a 60-day qualifying period before benefit payments commence for Disability* insurance and no benefits are paid for the qualifying period.
  • Please refer to certificate of insurance below for details of the coverage, including when coverage begins and ends, how to make a claim, terms and conditions, and applicable exclusions, limitations and waiting periods.


Enroll today and plan for tomorrow with more confidence 

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1 (855) 753-4272
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1 (855) 753 4272