Credit Protection (Loan) Insurance
At La Capitale, we realize the anxiety that can be associated with hospitalization due to COVID-19. Your health and that of your loved ones, as well as your financial security, are very important.
With this in mind, we are including coverage in the event of hospitalization due to COVID-19 free of charge with certain new individual insurance policies1 for a limited period. Find out more
Find out about the option of exchanging the insurance contract term for a longer term during the first 5 years, without evidence of insurability. This option applies to both new and inforce contracts.
Credit Protection Insurance can be tailored to your various needs and any type of financing
Personal line of credit
Mortgage loan or line of credit
Personal loan (automobile, boat, recreational vehicle, renovations, studies, etc.)
Commercial mortgage loan
|La Capitale Credit Protection insurance||Loan insurance from other financial institutions|
|Type of plan||Individual insurance||Group insurance|
|Includes Disability Income benefit||Yes||Yes|
|Includes Critical Illness insurance||Yes||Yes|
|Premium guaranteed for the term of the contract||Yes||No|
|Fixed insured amount in the event of death, critical illness or disability||Yes||No|
|Option of converting your Term Life Insurance into Permanent Insurance||Yes||No|
|Choice of beneficiaries||Yes||No|
|Using the amount however you see fit||Yes||No|
|Option to exchange the contract term for a longer term during thefirst 5 years, without evidence of insurability||Yes||No|
|Option of maintaining insurance when changing financial institutions||Yes||No|
1. Conditions, exclusions, and restrictions apply.