Credit Protector Terms and Conditions

Credit Protector® is underwritten by American Bankers Life Assurance Company of Florida and American Bankers Insurance Company of Florida, Assurant Solutions™ Companies, PO Box 7000, Kingston, ON K7L 5V3.

Coverage is subject to the terms, conditions and restrictions outlined in the Certificate of Insurance issued upon enrolment. There are terms and conditions that may limit or exclude coverage. Coverage is effective on the date you enrol. You can cancel your coverage at any time. If canceled within 30 days of your receipt of the Certificate of Insurance, any premiums paid will be refunded in full. For further information call              1-800-459-6415.

Must be working for salary or wages for at least 25 hours per week for a single employer at the time you become involuntarily unemployed or disabled. Must remain disabled or unemployed for 30 days to qualify for benefits. Disability coverage excludes suicide and intentionally self-inflicted injury. Disability coverage also excludes coverage for claims resulting from certain pre-existing conditions occurring within the first 6 months of coverage, commission or attempted commission of a criminal offence, normal pregnancy, an air travel accident (unless a paying passenger on a regularly scheduled commercial airline flight) and travel or residence outside Canada or the United States. Exclusions for involuntary unemployment benefits include unemployment known by you to be impending at the time of application for the insurance, voluntary unemployment including parental leave, labour dispute or strike, or job loss occurring within the first 30 days of coverage or for cause or for conviction of a criminal offence, voluntary or mandatory retirement, normal seasonal unemployment, unemployment due to accident, illness or pregnancy, loss of temporary employment and loss of self employment.

Life & Dismemberment coverage excludes suicide and intentionally self-inflicted injury that occurs within 2 years of enrolment. At age 66, this coverage is replaced with Accidental Death and Dismemberment coverage.  Terminal Illness benefits require a diagnosis by a licensed medical practitioner in Canada as having a terminal illness with a life expectancy of less than 12 months.

The creditor has a financial interest in the sale of Credit Protector.

®/™ Credit Protector is a registered trademark of Canadian Tire Bank.



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