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Insurance

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Protect What Matters Most

Your age, marital status, income level, and number of dependent children all impact the amount and kinds of insurance coverage you need. A prime time to review your insurance needs is during important events in your life, such as an increase in income, new home or car, marriage, or a new addition to your family.

Insurance needs change over time and knowing the basics of insurance can help keep your financial safety net operating at its best.

Loan Insurance

 

Credit life and disability insurance can protect you and your family from the unexpected.

Personal Loan Life, Disability and Critical Illness insurance programs insure your personal loans with a fixed term of repayment. Your premium is paid at the time your loan is approved. In the event of tragedy, your insurance program either makes the insured monthly loan payment to us on your behalf or repays the insured loan balance.

Life insurance at a glance:

  • Maximum issue age is 69 and coverage ceases at age 75.
  • Insurance benefit is equal to outstanding balance owing at the time of death and diagnosis for Critical Illness to a maximum of $90,000.
  • Pays off your outstanding insured loan if you should die.

Disability Insurance at a glance:

  • Maximum issue age is 69 and coverage ceases at age 75.
  • The insurance benefit is a monthly benefit and the insured monthly loan payment is a maximum of $1,500/month. The maximum term of disability benefit is 72 months per claim. There is an at work eligibility requirement for Disability where you must be working a minimum of 20 hours per week for two consecutive weeks prior to effective date of insurance.

Critical Illness Insurance at a glance:

  • Maximum issue age is 59 and coverage ceases at age 75.
  • Insurance benefit is equal to outstanding balance owing at the time of death and diagnosis for critical illness to a maximum of $90,000.

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

Line of Credit Insurance

 

Credit life and disability insurance can protect you and your family from the unexpected.

Line of Credit Life, Disability and Critical Illness programs insure your revolving loans. Your premiums are paid monthly, based on the average outstanding loan balance and your age. In the event of tragedy, your insurance program either makes the insured monthly loan payment to CUA on your behalf or repays the insured the insured loan balance.

Life insurance at a glance:

  • Insurance is available on loans up to $1,000,000 if you are under age 65.
  • For ages 65 – 69, coverage is available on loans up to $100,000.
  • Coverage ceases at age 75.
  • If death occurs due to an accident, the life benefit is equal to the outstanding balance of your insured line of credit as of the date of death. If death occurs from causes other than an accident, the life insurance benefit is equal to the lesser of the following amounts, as calculated:
    • The outstanding balance of your insured line of credit as of the date of your death; and
    • 110% of the average monthly outstanding balance of your insured Line of Credit for the 12 month period preceding the date of your death.

Disability Insurance at a glance:

  • Maximum issue age is 69 and maximum coverage age is 75.
  • To qualify, you must be working 20 hours per week for two consecutive weeks prior to effective date of insurance.
  • Maximum coverage or maximum benefit for Disability is 3% of insurable outstanding balance at time of disability (to a maximum of $3,000/month).
    • Accidental: 3% of insured outstanding balance at time of disability (to a max of $3,000/month).
    • Non-Accidental: Benefit equals 3% of the lesser of 110% of the average outstanding balance preceding 12 months or balance at date of disability
  • Maximum benefit period is 60 months.

Critical Illness insurance at a glance:

  • Maximum issue age is 59 and maximum coverage age is 75.
  • Maximum coverage or benefit for Critical Illness is $1,000,000. If diagnosed with a critical illness, the benefit equals the lesser of 110% of the following amounts:
    • The outstanding balance of your insured Line of Credit as of the date of diagnosis of your Critical Illness; and
    • 110% of the average monthly outstanding balance of your insured Line of Credit for the 12 month period preceding the date of diagnosis of your Critical Illness.
      • This includes accrued interest on the applicable amount as calculated and settlement interest.

* No health questions if Line of Credit is less than $50,000.00
* Health questions required if Line of Credit is more than $50,000.00

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

Group Mortgage Insurance

 

Group Mortgage Protection insurance is designed specifically for mortgage loans.

The advantage of a Group Mortgage Protection program is that it enables you to insure your loan immediately, pending your answers to a few health questions. It is easier and often less costly for you.



Life Insurance at a Glance:

  • Maximum coverage of $1,000,000
  • Maximum period of coverage is 35 years
  • Maximum issue age of 69
  • Coverage ceases at age 75

Critical Illness Insurance at a Glance:

  • Maximum coverage of $1,000,000
  • Maximum period of coverage is 35 years
  • Maximum issue age of 59 
  • Coverage ceases at age 75

Disability Insurance at a Glance:

  • Maximum monthly benefit of $3,000
  • Maximum period of coverage is 24 months
  • Maximum issue age of 69
  • Coverage ceases at age 75
  • Elimination period (before benefits become payable) is 60 day non-retroactive

Loss Of Employment Insurance at a Glance:

  • Maximum monthly benefit of $3,000
  • Maximum period of coverage is 9 months
  • Maximum issue age of 69
  • Coverage ceases at age 75
  • Qualification period (before benefits become payable) is 60 day non-retroactive

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

Home & Auto Insurance

 

Peace of mind and worry-free home and auto insurance at favorable costs.

Are you a good driver and responsible homeowner? Our Home and Auto Insurance Program offers exceptional coverage for you as well as a variety of extended coverage options. By grouping your home and auto insurance together, we can offer you exceptional discounts.


Auto insurance protects you if your car is stolen or damaged as the result of an accident. In addition, our auto insurance takes care of expenses if you're involved in an accident including: medical treatment and care, possible legal costs, property damage and lost wages.

Home insurance shelters you from financial loss due to theft, unforeseen events and personal liability that may occur if someone is injured while visiting your home; it can also protect against liability for accidental damage to someone else's property.

We are committed to the highest standards of integrity and client service and that is why we offer our Claims Guarantee. The intent of this promise of service and commitment to fairness is to ensure that you feel comfortable contacting us when you have a potential claims situation.  You can discuss your options and get counseling without fear of consequences if you decide not to proceed.

Benefits and features:

  • 24-hour, 7-days-a-week claims service
  • No premium increases for client-paid claims
  • Free claims advocacy
  • Access to our claims appeal process
  • Preferred repair and replacement contractors with guaranteed service
  • Free additional advice and expertise for incidents that are not covered

*Some conditions apply. For details, please visit www.cumis.com

For more information please contact CUMIS directly at 1.800.810.2847 and speak with a Licensed Insurance Representative.

Travel Insurance

 

Relax on vacation knowing that you and your family will be looked after in case anything goes wrong.

One way to relax a little more on vacation is to know that you and your family will be looked after in case anything goes wrong. And remember, all medical costs aren't covered by your home province when traveling in other parts of Canada or worldwide. CUA members can feel secure in knowing that the CUMIS Insurance Travel Program is underwritten by Co-operators General Insurance. Come in to your branch to learn more.

Travel insurance features include:

Security

With the CUMIS Travel Insurance Program you can enjoy your vacation without worrying about medical bills or the cost of an interrupted trip. Up to $10 million in out-of-province coverage for emergency hospital and doctor visits.

Affordable Coverage

The most unique feature about the CUMIS Travel Insurance Program is the way our rates are calculated.  Your rate is based on where you plan to travel, the duration of your trip and your age, some plans are as low as $20 a trip. You pay according to your destination, whether you are traveling for business, pleasure or studies. Coverage can begin as soon as you need it - even today.

Additional Benefits:

  • 24/7 access to multi-lingual emergency travel assistance
  • Exceptional claims service when you need it most
  • Convenient multi-trip plans ideal for frequent travelers including the unique 8-day plan
  • Take Flight plans designed for Snowbirds
  • Pay according to your destination
  • Assistance with lost or stolen travel documents
  • Quick and easy application

The CUMIS Travel Insurance Program is underwritten by Co-operators Life Insurance Company and administered by TIC Travel Insurance Coordinators Ltd., a leading travel insurance provider. With on-staff physicians and a team of multi-lingual claims professionals, TIC takes pride in providing superb member service when you need it most. Trust us, wherever you go.

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

Small Business Loan Insurance

 

For loans under $100,000, your protection could begin right away.

Coverage is also available on loans up to $1,000,000.

It’s a sensible solution when:

  • New borrowing and increased debt raises your risk of financial loss.
  • Family responsibilities relay on income from your business.
  • Business partners share business debts equally.
  • Losing a partner’s profit producing ability raises financial concerns.

Creditor’s group insurance is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrolment intake, medical underwriting and claims administration, are provided by the employees of CUMIS Services Incorporated, a subsidiary of Co-operators Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions, and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details. To contact CUMIS, please visit www.cumis.com or call 1.800.263.9120. 

Credit life and disability insurance can protect you and your family from the unexpected.

Personal Loan Life, Disability and Critical Illness insurance programs insure your personal loans with a fixed term of repayment. Your premium is paid at the time your loan is approved. In the event of tragedy, your insurance program either makes the insured monthly loan payment to us on your behalf or repays the insured loan balance.

Life insurance at a glance:

  • Maximum issue age is 69 and coverage ceases at age 75.

  • Insurance benefit is equal to outstanding balance owing at the time of death and diagnosis for Critical Illness to a maximum of $90,000.

  • Pays off your outstanding insured loan if you should die.

Disability Insurance at a glance:

  • Maximum issue age is 69 and coverage ceases at age 75.

  • The insurance benefit is a monthly benefit and the insured monthly loan payment is a maximum of $1,500/month. The maximum term of disability benefit is 72 months per claim. There is an at work eligibility requirement for Disability where you must be working a minimum of 20 hours per week for two consecutive weeks prior to effective date of insurance.

Critical Illness Insurance at a glance:

  • Maximum issue age is 59 and coverage ceases at age 75.

  • Insurance benefit is equal to outstanding balance owing at the time of death and diagnosis for critical illness to a maximum of $90,000.

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

Credit life and disability insurance can protect you and your family from the unexpected.

Line of Credit Life, Disability and Critical Illness programs insure your revolving loans. Your premiums are paid monthly, based on the average outstanding loan balance and your age. In the event of tragedy, your insurance program either makes the insured monthly loan payment to CUA on your behalf or repays the insured the insured loan balance.

Life insurance at a glance:

  • Insurance is available on loans up to $1,000,000 if you are under age 65.

  • For ages 65 – 69, coverage is available on loans up to $100,000.

  • Coverage ceases at age 75.

  • If death occurs due to an accident, the life benefit is equal to the outstanding balance of your insured line of credit as of the date of death. If death occurs from causes other than an accident, the life insurance benefit is equal to the lesser of the following amounts, as calculated:

    • The outstanding balance of your insured line of credit as of the date of your death; and

    • 110% of the average monthly outstanding balance of your insured Line of Credit for the 12 month period preceding the date of your death.

Disability Insurance at a glance:

  • Maximum issue age is 69 and maximum coverage age is 75.

  • To qualify, you must be working 20 hours per week for two consecutive weeks prior to effective date of insurance.

  • Maximum coverage or maximum benefit for Disability is 3% of insurable outstanding balance at time of disability (to a maximum of $3,000/month).

    • Accidental: 3% of insured outstanding balance at time of disability (to a max of $3,000/month).

    • Non-Accidental: Benefit equals 3% of the lesser of 110% of the average outstanding balance preceding 12 months or balance at date of disability

  • Maximum benefit period is 60 months.

Critical Illness insurance at a glance:

  • Maximum issue age is 59 and maximum coverage age is 75.

  • Maximum coverage or benefit for Critical Illness is $1,000,000. If diagnosed with a critical illness, the benefit equals the lesser of 110% of the following amounts:

    • The outstanding balance of your insured Line of Credit as of the date of diagnosis of your Critical Illness; and

    • 110% of the average monthly outstanding balance of your insured Line of Credit for the 12 month period preceding the date of diagnosis of your Critical Illness.

      • This includes accrued interest on the applicable amount as calculated and settlement interest.

* No health questions if Line of Credit is less than $50,000.00
* Health questions required if Line of Credit is more than $50,000.00

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

Group Mortgage Protection insurance is designed specifically for mortgage loans.

Group Mortgage Protection insurance is designed especially for mortgage loans. The advantage of a Group Mortgage Protection program is that it enables you to insure your loan immediately, pending your answers to a few health questions. It is easier and often less costly for you.

Life Insurance at a Glance:

  • Maximum coverage of $1,000,000

  • Maximum period of coverage is 35 years

  • Maximum issue age of 69

  • Coverage ceases at age 75

Critical Illness Insurance at a Glance:

  • Maximum coverage of $1,000,000

  • Maximum period of coverage is 35 years

  • Maximum issue age of 59 

  • Coverage ceases at age 75

Disability Insurance at a Glance:

  • Maximum monthly benefit of $3,000

  • Maximum period of coverage is 24 months

  • Maximum issue age of 69

  • Coverage ceases at age 75

  • Elimination period (before benefits become payable) is 60 day non-retroactive

Loss Of Employment Insurance at a Glance:

  • Maximum monthly benefit of $3,000

  • Maximum period of coverage is 9 months

  • Maximum issue age of 69

  • Coverage ceases at age 75

  • Qualification period (before benefits become payable) is 60 day non-retroactive

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

Peace of mind and worry-free home and auto insurance at favorable costs.

Are you a good driver and responsible homeowner? Our Home and Auto Insurance Program offers exceptional coverage for you as well as a variety of extended coverage options.

Auto insurance protects you if your car is stolen or damaged as the result of an accident. In addition, our auto insurance takes care of expenses if you're involved in an accident including: medical treatment and care, possible legal costs, property damage and lost wages.

Home insurance shelters you from financial loss due to theft, unforeseen events and personal liability that may occur if someone is injured while visiting your home; it can also protect against liability for accidental damage to someone else's property.

By grouping your home and auto insurance together, we can offer you exceptional discounts.

We are committed to the highest standards of integrity and client service and that is why we offer our Claims Guarantee. The intent of this promise of service and commitment to fairness is to ensure that you feel comfortable contacting us when you have a potential claims situation.  You can discuss your options and get counseling without fear of consequences if you decide not to proceed.

Benefits and features:

  • 24-hour, 7-days-a-week claims service

  • No premium increases for client-paid claims

  • Free claims advocacy

  • Access to our claims appeal process

  • Preferred repair and replacement contractors with guaranteed service

  • Free additional advice and expertise for incidents that are not covered

*Some conditions apply. For details, please visit www.cumis.com

For more information please contact CUMIS directly at 1.800.810.2847 and speak with a Licensed Insurance Representative.

For loans under $100,000, your protection could begin right away.

For loans under $100,000, you can apply at CUA and your protection could begin right away. Coverage is also available on loans up to $1,000,000.

It’s a sensible solution when:

  • New borrowing and increased debt raises your risk of financial loss.

  • Family responsibilities relay on income from your business.

  • Business partners share business debts equally.

  • Losing a partner’s profit producing ability raises financial concerns.

Relax on vacation knowing that you and your family will be looked after in case anything goes wrong.

One way to relax a little more on vacation is to know that you and your family will be looked after in case anything goes wrong. And remember, all medical costs aren't covered by your home province when traveling in other parts of Canada or worldwide. CUA members can feel secure in knowing that the CUMIS Insurance Travel Program is underwritten by Co-operators General Insurance. Come in to your branch to learn more. Travel insurance features include:

Security

With the CUMIS Travel Insurance Program you can enjoy your vacation without worrying about medical bills or the cost of an interrupted trip. Up to $10 million in out-of-province coverage for emergency hospital and doctor visits.

Affordable Coverage

The most unique feature about the CUMIS Travel Insurance Program is the way our rates are calculated.  Your rate is based on where you plan to travel, the duration of your trip and your age, some plans are as low as $20 a trip. You pay according to your destination, whether you are traveling for business, pleasure or studies. Coverage can begin as soon as you need it - even today.

Additional Benefits:

  • 24/7 access to multi-lingual emergency travel assistance

  • Exceptional claims service when you need it most

  • Convenient multi-trip plans ideal for frequent travelers including the unique 8-day plan

  • Take Flight plans designed for Snowbirds

  • Pay according to your destination

  • Assistance with lost or stolen travel documents

  • Quick and easy application

The CUMIS Travel Insurance Program is underwritten by Co-operators Life Insurance Company and administered by TIC Travel Insurance Coordinators Ltd., a leading travel insurance provider. With on-staff physicians and a team of multi-lingual claims professionals, TIC takes pride in providing superb member service when you need it most. Trust us, wherever you go.

*Some conditions apply. For details, please visit www.cumis.com.

For more information please contact CUMIS directly at 1.800.263.9120 and speak with a Licensed Insurance Representative.

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