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Personal Loan Creditor Insurance

HSBC Personal Loan Creditor Insurance can provide protection in your time of need

Money is the last thing you or your family should worry about in a time of crisis. HSBC Personal Loan Creditor Insurance could reduce or pay off your HSBC Loan in the event of death or disability.

Two types of Personal Loan Creditor Insurance provide you with coverage:

HSBC Personal Loan Creditor Life Insurance

Personal Loan Creditor Life Insurance could reduce or pay off your HSBC Loan balance should you or your co-insured partner pass away.

 

Key benefits: 

  • Reduces or pays off your HSBC Personal Loan balance of up to $100,000*
  • Personal Loan Creditor Life Insurance provides an affordable way to ensure your assets are protected
  • Available for loans for yourself or if you are co-signing a loan for someone else
For more details, read our Frequently Asked Questions

HSBC Personal Loan Creditor Disability Insurance

Personal Loan Creditor Disability Insurance pays your HSBC Loan payments if you become disabled from a covered illness or injury.

 

Key benefits:

  • Pays up to $2,000 per month for up to 60 months**
  • Assists in preserving your credit history at a time of financial stress
  • Gives you the security of having your loan payments made while you recover
For more details, read our Frequently Asked Questions

Calculate your Creditor Insurance premium

Protect the things you love. Choose the Creditor Insurance protection that is right for you. 

HSBC Personal Loan Creditor Insurance FAQs

Important documents:

Complete details outlined in Certificate of Insurance issued upon application, or available for review at your HSBC Bank Canada branch. Life and Disability Insurance is underwritten by Canadian Premier Life Insurance Company. Exclusions and limitations apply. Canadian Premier Life Insurance Company, a Securian Financial Company, is the insurer of this product. To contact the insurer, call 1-877-271-8713 or visit www.canadianpremier.ca.

* This is the maximum total coverage for all of your insured HSBC Personal Loans combined.

** Benefits begin after a 30-day waiting period, and are retroactive to the date of covered injury or illness

*** Up to $2,000 per month for a maximum of 60 months.

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