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Equity line of credit insurance

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Life is full of surprises. However, surprises are not always pleasant. What would happen to your family if the worst were to happen? Have you thought about everything in case something unexpected happens?

Give your family peace of mind with our line of credit insurance!

By taking out Laurentian Bank line of credit insurance, you can be sure that you will not leave your family in need in the event of death or accidental dismemberment.1

Don’t wait for the unexpected to happen. Request your quote today!

Benefit from numerous advantages

  • Peace of mind: Repay your line of credit balance upon the death of one of the participants;
  • Sleep easy: Protection in case of accidental death at no additional cost upon signing the proposal and during the application process.
  • Avoid surprises: Your premium is determined according to the balance used.

What you also gain in return

  • Simplify the life of your loved ones in the event of death;
  • Shorten the time it takes to settle an estate.

Eligibility1 The eligibility criteria are as follows:
  • You are between the ages of 18 and 64.
  • You are the borrower, co-borrower or guarantor.
  • You are a Canadian resident.
Maximum insurable amount $250,000
Premium type The premium is debited monthly and calculated according to the balance used.
  • The premium rate is determined according to the age of the borrower.
  • The rate that determines the premium stays unchanged until the line of credit is revised, when the age group changes.
Termination of insurance Insurance is terminated at the earliest of the following dates:
  • The borrower reaches the age of 70.
  • The line of credit expires.
  • The line of credit or the premium is in default of two payments.
  • The insurer pays a death claim on the line of credit.
  • The insured person voluntarily cancels the insurance.
  • The line of credit is closed.
Accidental dismemberment insurance This coverage is included in your life insurance. Refer to the insurance certificate for the benefits payable. They vary between 33 and 100% of your line of credit balance.

For more information on our insurance products and all the details, please see the insurance certificate.


This product is suitable for you if:

  • You have no desire to draw on your savings or those of your beneficiaries in the event of your death.
  • You want your line of credit settled when you pass away.

Legal notice

1. Issued by Industrial Alliance, Insurance and Financial Services Inc. Some conditions apply. For more details, refer to the summary of insurance and the insurance certificate available at branches or online at laurentianbank.ca.

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