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A mother, father and young daughter sit together in their living room. The mother leans on a chair and holds a tablet. The father and daughter huddle around her, all smiling while they watch the tablet.


Be prepared for anything.

Life is full of surprises. With the Laurentian Bank equity line of credit insurance, rest assured that your family is covered when the unexpected happens.1

Talk to an advisor

Benefits of taking cover.

It’s all taken care of.

Payment of your line of credit balance upon death of one of the participants.

Covering unexpected moments.

Accidental death coverage at no additional cost from the time you sign the application and during the application process.

Insure only what you use.

Your premium is based on the balance used of your equity line of credit.

Added benefits.

  • Simplify life for your loved ones in the event of death.

  • Shorten the time it takes to settle an estate.


Insurable amount.

The maximum insurable amount is $250,000.

Who’s eligible.1

You’re eligible if:

  • You’re between the ages of 18 and 64;

  • You’re the borrower, co-borrower or guarantor;

  • You’re a Canadian resident.

Premium type.

The premium is payable monthly and calculated based on the balance used as well as the following:

  • The borrower’s age.

  • The rate that determines the premium will remain the same until the line of credit is revised, when the age group changes.

Worth noting.

Insurance termination.

Insurance is terminated on the earliest of the following dates:

  • The borrower reaches 70 years of age;

  • The line of credit or the premium is in default on 2 payments;

  • The insurer pays a death claim for the line of credit;

  • The line of credit is voluntarily cancelled by the insured person;

  • The line of credit is closed or refinanced.

Accidental dismemberment insurance.

This coverage is included with your life insurance. For information about the benefits paid, refer to the insurance certificate. These vary between 33% and 100% of your line of credit balance.

insurance certificate (PDF, 836 KB)

Helpful tips and resources.

Your questions answered.