Credit Protection Insurance

Protect your family's financial well-being. Ensure that that principal and interest remaining you your Scotiabank loan, mortgage, line of credit and/or credit cards are paid in the event of your death or a diagnosis of a critical illness*.

 

Credit Protection for Credit Cards

  • Coverage of outstanding balance up to $85,000
  • You're already approved if you are younger than 70 years upon sign up
  • Single coverage costs 29 cents for every $100
  • 52 cents for every $100 on joint credit cards
  • no premium charge for zero balance

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Credit Protection for ScotiaLine Gold

  • Coverage of outstanding balance up to $1,500,000
  • You're already approved if you are younger than 65 years upon sign up
  • Premiums based on previous month's balance and your age
  • Monthly premiums for Credit Protection
  • Your monthly insurance premium is added automatically

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Credit Protection for Scotia Plan Loans

  • Coverage of outstanding balance up to $1,500,000
  • Discount applied when two borrowers insured for the same plan
  • Pay off your outstanding ScotiaPlan Loan balance, up to TT$ 1,500,000

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Credit Protection for Residential Mortgages

  • Coverage of outstanding balance up to $1,500,000
  • Premiums determined by age and mortgage balance
  • The younger you are, the less premiums you pay
  • Purchase joint coverage at a discount

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In person 

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