Loan Protection

Rest easy knowing that your loan payments can be covered in the event of disability or death.

Fee or rate

Based on age & amount

Offline Purchase Instructions

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Details

Overview

If you have an ATB loan or line of credit, you may be eligible for Loan Protection. Loan Protection helps cover the balance of your loan or loan payments in the event of your death or disability, so your family will have the time they need to deal with concerns that are more important than financial obligations.

There are two Loan Protection options:

Loan Protection - Life: This protection may pay the outstanding balance of a loan following the death of the insured, up to a maximum amount of $50,000. It’s available to anyone 18–741 who is an applicant or co-applicant on an ATB loan or line of credit.

Loan Protection - Life and Disability: This protection includes the life coverage above as well as disability protection that may cover your loan or line of credit payments (up to $1,500 per month) for up to 24 months in the case of disability. This disability insurance is payment protection, not income replacement, so it won't reduce other disability income. To qualify for this coverage, applicants must be 18–64 and be actively employed at least 20 hours per week.

Save with joint insurance coverage! When two or more people are insured on the same ATB loan, the premium rate for each insured customer is reduced by 15% for that coverage.

Have an ATB mortgage or Home Equity Line of Credit? Call 1-888-404-4646 to talk about your creditor insurance options.

Pricing

  • Premiums

    The cost of your monthly premium2 for insurance coverage is based on:

    • - Your age at the time you apply for coverage;
    • - For life: the loan amount or the average daily balance of a line of credit;
    • - For disability: the monthly repayment amount of your loan or average daily balance of a line of credit; and
    • - The level of coverage you choose, where applicable.

Additional Information

  • Additional Options
    • - Save with joint insurance coverage: When two or more people are insured on the same ATB loan, the premium rate for each insured customer is reduced by 15%.
    • - Recognition of prior coverage3: If you refinance your loan but your health has changed, you can maintain your previous level of coverage.
    • - 120-day complimentary accidental death coverage4: If you die as the result of an accident before a decision is made on your application, your life claim may be paid.
    • - 30-day review period: If you change your mind within the first 30 days, your premium will be refunded, no questions asked.
  • Notes
    1. 18-74 for mortgages and time plan personal loans; 18-69 for lines of credit (including HELOCs)
    2. Mortgages and time plan personal loans have a fixed monthly premium. For lines of credit (including HELOCs), the premium changes based on your average daily balance. Call 1-888-404-4646 to learn more about mortgage and HELOC premiums.
    3. Only available on mortgages, Home Equity Lines of Credit, and independent business and agriculture loan products.
    4. Only available on mortgages and independent business and agriculture loan products.

Details

Overview

If you have an ATB loan or line of credit, you may be eligible for Loan Protection. Loan Protection helps cover the balance of your loan or loan payments in the event of your death or disability, so your family will have the time they need to deal with concerns that are more important than financial obligations.

There are two Loan Protection options:

Loan Protection - Life: This protection may pay the outstanding balance of a loan following the death of the insured, up to a maximum amount of $50,000. It’s available to anyone 18–741 who is an applicant or co-applicant on an ATB loan or line of credit.

Loan Protection - Life and Disability: This protection includes the life coverage above as well as disability protection that may cover your loan or line of credit payments (up to $1,500 per month) for up to 24 months in the case of disability. This disability insurance is payment protection, not income replacement, so it won't reduce other disability income. To qualify for this coverage, applicants must be 18–64 and be actively employed at least 20 hours per week.

Save with joint insurance coverage! When two or more people are insured on the same ATB loan, the premium rate for each insured customer is reduced by 15% for that coverage.

Have an ATB mortgage or Home Equity Line of Credit? Call 1-888-404-4646 to talk about your creditor insurance options.

Pricing

  • Premiums

    The cost of your monthly premium2 for insurance coverage is based on:

    • - Your age at the time you apply for coverage;
    • - For life: the loan amount or the average daily balance of a line of credit;
    • - For disability: the monthly repayment amount of your loan or average daily balance of a line of credit; and
    • - The level of coverage you choose, where applicable.

Additional Information

  • Additional Options
    • - Save with joint insurance coverage: When two or more people are insured on the same ATB loan, the premium rate for each insured customer is reduced by 15%.
    • - Recognition of prior coverage3: If you refinance your loan but your health has changed, you can maintain your previous level of coverage.
    • - 120-day complimentary accidental death coverage4: If you die as the result of an accident before a decision is made on your application, your life claim may be paid.
    • - 30-day review period: If you change your mind within the first 30 days, your premium will be refunded, no questions asked.
  • Notes
    1. 18-74 for mortgages and time plan personal loans; 18-69 for lines of credit (including HELOCs)
    2. Mortgages and time plan personal loans have a fixed monthly premium. For lines of credit (including HELOCs), the premium changes based on your average daily balance. Call 1-888-404-4646 to learn more about mortgage and HELOC premiums.
    3. Only available on mortgages, Home Equity Lines of Credit, and independent business and agriculture loan products.
    4. Only available on mortgages and independent business and agriculture loan products.

Fee or rate

Based on age & amount

Offline Purchase Instructions

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