Protection for your Personal Loan and Line of Credit
Protect Your Personal Loan
Insurance on your Personal Loan helps pays the balance on your insured Personal Loan in the event of your death, or cover your Personal Loan payments when you can't work due to illness or injury.
Protect Your Line of Credit
BMO Protection Plan insurance on your Instalment or Revolving line of credit can help cover your line of credit balance if you become critically ill or die, or can help cover your line of credit payments if you become disabled or as a result of an involuntary job loss*.
*Benefit is payable on an approved claim