Line of Credit Protection

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INSURANCE PROTECTION

Line of Credit Protection

Overview

Get the Coverage that’s Right for You!

Your Norvalden Line of Credit account gives you the financial freedom to buy the things you want and need in life like a family vacation, renovations for your home, or that much-needed brake job on your car.

Having Norvalden Line of Credit Protection insurance can mean providing the financial support that you and your family may need during a difficult time. If you become disabled and are unable to work, it can help to ensure that your Norvalden Line of Credit payments are made on time. Also, you can still keep using your Norvalden Line of Credit if you need to during the time you have an active claim on your account. Should you be diagnosed with one of the covered critical illnesses or pass away, your outstanding balance* can be paid off in one lump sum payment.

To apply for Norvalden Line of Credit Protection you must be between the ages of 18 and under 65, have a Norvalden Line of Credit account in good standing.

 


 

Norvalden Line of Credit Protection can pay the outstanding balance on your line of credit account if you are diagnosed with a covered critical illness or if you pass away. It can also pay a monthly benefit in the event that you become disabled. To ensure you get the coverage that’s right for you, we offer three types of coverage to protect your Norvalden Line of Credit.

If you are diagnosed with a covered illness, Critical Illness coverage can pay the outstanding balance* on your Norvalden Line of Credit account.

Should you pass away, Life coverage can pay the outstanding balance* on your Norvalden Line of Credit account.

Should you become disabled and unable to work, you can receive a monthly benefit* for your Norvalden Line of Credit account which can help you to maintain your payments and credit rating.

Line of Credit

Plans

LIFE COVERAGE

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Disclaimer

The maximum coverage amount for Critical Illness coverage is $500,000 per Mortgage or for all Mortgages combined. For Life coverage, the maximum coverage amount is $750,000 per Mortgage or $750,000 for all Mortgages combined. The maximum monthly benefit amount for Disability coverage is $3,500 plus your Mortgage Disability premium (including applicable taxes), for up to a maximum of 24 months.

Norvalden are not insurers. All insurance plans are underwritten by independent licensed insurers.