Financial Insurance

Financial Insurance

When you have bills to pay, an illness, injury, job loss, or another serious life event can put a strain on your family’s finances. Ensuring you’ve got the right insurance coverage can make all the difference to your peace of mind. Creditor insurance is a simple and inexpensive way to protect your financial stability. At DUCA, we make the following coverage available to you through our insurance partner, CUMIS.  

Fixed Term Loans

Ensure your loan re-payment continues on schedule, even in the event of death, disability, or critical illness. All coverage in this category ceases at 75 and has a maximum term of 15 years.

Life: Maximum benefit of $90,000 / maximum age to issue a policy is up to age 69

Disability: Maximum monthly benefit of $1,500  / maximum age to issue a policy is up to age 69 / maximum term is 72 months per claim

Critical Illness: Maximum benefit of $90,000 / maximum age to issue a policy is up to age 59

Mortgages -- Group Mortgage Protection

This coverage protects your mortgage re-payment in case of death, disability, job loss, or critical illness. All coverage in this category ceases at age 75 and the maximum term of insurance is 35 years.

Life: Maximum benefit of $1 million / maximum age to issue a policy is up to age 69

Disability: Maximum monthly benefit of $3,000 / maximum age to issue a policy is up to age 69 / maximum term is 24 months per claim

Critical Illness: Maximum benefit of $1 million / maximum age to issue a policy is up to age 59

Loss of Employment: Maximum monthly benefit of $3,000 / maximum age to issue a policy is up to age 69 / maximum term is nine months per claim

Monthly Premium Credit Life Coverage 

This insurance pays the outstanding balance of your Line of Credit up to a maximum of $100,000. The maximum age to issue a policy is up to age 69

30 days free

CUMIS offers a 30-day free look. You can cancel your coverage within that 30-day period by calling the toll-free number on your statement.

*CUMIS is a trademark of CUMIS Insurance Society, Inc. and is used under licence. Insurance is underwritten by CUMIS General Insurance Company.