Personal Line Of Credit Insurance
Flexibility and peace of mind
A National Bank line of credit offers financing flexibility and a significant amount of room to manoeuvre. It allows you to control how you finance your current and future projects. By insuring your personal line of credit with National Bank Insurance, you will protect the financing of your projects.
Line of credit insurance will offer you as much financing flexibility as your personal line of credit. If you are unable to work, it will provide you with an extra cushion by covering your payments owed to National Bank based on the insured balance that you choose.1
Disability can affect anyone at anytime. Any incident, such as a minor injury or a work-related accident, could leave you unable to work. Don't leave your financial security to chance. Make sure that you will be able to meet your obligations in the event of a disability without having to sacrifice your quality of life.
In the event that you are diagnosed with a critical illness, we want you to be able to focus your energy on your recovery. Your line of credit should not be an additional burden. Your insurance policy will cover the insured balance of your line of credit should you receive such a diagnosis.1
Critical illness insurance will cover the insured balance of your line of credit in the event of a diagnosis of one of the following critical illnesses: cancer, stroke or heart attack. This will ease the road to recovery for yourself and your loved ones.
To relieve your loved ones of additional financial worries, the insured balance of your line of credit will be paid in the event of your death. The situation will be difficult enough for them without having to worry about repaying your line of credit.