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Scotia Creditor Insurance
Creditor insurance, sometimes known as credit protection, is an optional financial safety net for you and your family. It can help you pay off your outstanding credit or loan balances or cover payments for a period of time if an unexpected life event happens, such as a critical illness, becoming disabled, or passing away.
Reasons to consider Creditor Insurance
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Flexible coverage options to suit your needs.
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Competitive premiums.
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No medical test and apply from anywhere.
Creditor Insurance Protection Planner
Understand your borrowing protection needs by answering a few quick questions.
Which credit protection is right for you?
Scotia Mortgage Protection
Your home is one of the biggest financial investments you’ll ever make. Protect your loved ones financially and the lifestyle you’ve worked so hard to build.
Scotia Line of Credit Protection
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.
Scotia Credit Card Protection
Coverage to help you and your family stay financially on track through certain unexpected events.
Scotia Business Loan Protection
This loan insurance protects the business you’ve worked so hard to build.
Scotia Loan Protection
Protection to help pay your auto loan if you cannot work or pass away.
Learn more about the product
You may not be able to see the future, but we can help you plan for it.
See how Scotia Creditor Insurance can help you and your family get financially prepared.
Protect yourself financially with optional Scotia Creditor Insurance Protection
With or without dependents, the right coverage can help keep your financial goals on track.
Understanding optional Scotia Creditor Insurance Protection
Learn how your insurance premium is determined and what the right coverage can do for you.
Ways to contact us
By phone
Mon-Fri
8 am - 8 pm EST
In person
Visit your local branch
Creditor Protection Insurance is optional and presented for illustration purposes only. Eligibility, waiting period and pre-existing conditions apply to certain coverages. Full details of the coverage, including when the coverage begins and ends, how to make a claim, terms and conditions, and limitations and exclusions, are outlined in the Certificate of Insurance. A sample Certificate of Insurance is available on scotiabank.com/insurance.
The Bank of Nova Scotia is not an insurer. All insurance plans are underwritten by independent licensed insurers.
Scotia Mortgage Protection, Scotia Line of Credit Protection, Scotia Plan Loan Life & Disability Protection and Scotia Loan Protection are underwritten by The Canada Life Assurance Company. Scotia Business Loan Protection is a Group Policy underwritten by The Canada Life Assurance Company.
Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada under a Group Policy issued to the Bank of Nova Scotia.
