Table of Contents - Scotiabank

1 Ta bleof ContentsIntr sin thi s han dboo k? .. 1 You r at is cred itor insura nce? ..1Wh o pro vid es ou r cr edit or ins ur ance? ..1Ch oos in g th e ri ght pro tect ion plan ..3 Can I cancelmy plan? ..3 Typesof ProtectionPla Plans .. 4 TravelMedi cal Insur ance .. 4 Health tg ag e Prot of Life Protection(LOLP).. 7 Heal th Cri si s Prote ction (HCP) .. 7 DisabilityProtection (D I).. 8 How do th ese pl ans wo rk? .. 8Wh o can app ly? ..8 TemporaryIns uran ce ..9Ho w much does it cost? ..10Ho w much protect io n can you buy? ..11Wh en do es cover age begin and end ?..12Wh at are th e limi tationsan d exclusions? ..12 Line of Cre dit Protecti of Life Protection(LOLP).. 13 Loss of Life and Healt h Cr is is Pro tection(L OLP/HCP).. 13 DisabilityProtection (D I).. 14 How do th ese pl ans wo rk? .. 14Wh o can app ly?

2 15Ho w mu ch will Loss of Lif e and Hea lt h Cr isis Pr otec ti on cos t? ..15Ho w mu ch will DisabilityProte ction co st? ..16Ho w much protect io n can you buy? ..17Wh en do es cover age begin and end ?..18Wh at are th e limi tationsan d exclusions? ..18Sc oti abankCr edi tor Pr otection HandbookSco tia Pla n LoanProt ect anLoan (S PL) Los s of Lif e Pro 19 ScotiaPl anLoan (S PL) Disab ilit y 19 How do th ese pl ans wo rk? .. 19Wh o can app ly? ..20Ho w much does it cost? ..20Ho w much protect io n can you buy? ..20Wh en do es cover age begin and end ?..20Wh at are th e limi tationsan d exclusions? ..21 Defi ni tio ns ..22 Sco tia VIS A* does thi s pl an wor k? .. 24Wh o can app ly? ..25Ho w much does it cost? ..25Ho w much protect io n can you buy? ..26Wh en do es cover age begin and end ?..26Wh at are th e limi tationsan d exclusions?

3 27 Com mer cia l Cred ito r Li fe does thi s pl an wor k? .. 28Wh o can app ly? ..29Ho w much does it cost? ..29Ho w much protect io n can you buy? ..30Wh en do es cover age begin and end ?..30Wh at are th e ex clu sion s? ..30Do I need to answerany he al th quest ion s? ..31 TravelMedical Insurance ..32 How does thi s pl an wor k? .. 32Wh at protectionplans are avai la bl e? ..33Wh o can apply? .. 33Wh at are the limitationsand exc lusi on s? .. 33 Com pla int ab ank GroupPrivacyAgr ee roducti onWha t wo uld happenif you sudde nl y becam e il l, injuredor passedaway ? Wh ethe ryou are sing le or you have a fam il y, who will assumeyour debts?Wh o wil l payyou r bill s? Who will supportyour fa mi ly?It s a to pi c that most of us don t like to think it s a real ity tha t man ype op le fa ce . But there is somet hi ng you can t s what cre ditor insur ance is if you have a Scoti abankmor tga ge, line ofcr ed it, VISA car d, loan or if you tr av el.

4 Our pr ot ectionplans are de sig ned tosa feg ua rd you and your familyif you becomedisabled,seri ously ill or di s in thishandbook?Thi s ha ndbookis a summaryof the protect ion plans that Scoti abankoffers,it isnotyou r insurancecover age .Th e detail s of insurancecov eragear eex pla in ed in the Distributio n Gu ide that you receive whenyo u enro ll in apla u can also have your que sti ons answeredat any Scotiabank br anch orCon tac t ase re fer to our br ochure,The Scotia bankGroup& Yo u: A Qu estionofPr is availableat any Sc oti abank branchor on the Scoti aban k we bsi te atww creditor insurance?It s pr ote ction designedto ensur e that your bank debts can be paid off sh ou ldany thi ng happento you, or a monthlybenefi t if you becomedisabled. Scoti aba nkof fers group creditorinsurance to cu stom ers who have a credit rela tion shi p withth e ban k.

5 With a group cr editor insuranceplan we can offer protection pl ans atre as ona ble rate s to mor e cust om er e Ba nk of Nov a Sc otia (Scot ia ba nk ) and Scoti a Insuranceare no t insu re rs, weha ve se le cte d thre e independent li ce nsed insurers to provideour pro te ctio n pla ns .Ou r lic en sed insur ers (insur anc e provi ders) ar e:TheCanada Li fe Assurance Co mp any(Ca nadaLife)-Foundedin 184 7, TheCan ada Life AssuranceCompany wa s Canada'sfi rst domestic li fe ins ur an cecomp an y. Today , Ca nada Life pr ov ide s insuranceand weal th mana ge me ntpr od uc ts and services in Ca na da and int ernati onall y, pri mari ly in the Un itedKin gd om, Isle of Man, Irelandand Germ any. Canada Life is a subsid iar y of TheGr ea t-W est Life AssuranceCompany and a mem ber of the Pow er Fin anc ialCor po rati on group of 1Sc oti abankCr edi tor Pr otection Handbook2 Introd uc tionSunLif e Assur anceCompany of Canada-Sun Life Financialis a lead ingin te rnati onal fina nc ia l ser vice s org ani zat ion and on e of the largestin surancecomp an ies in Ca na da.

6 Char tere d in 1865, Su n Li fe Financialand its pa rtn ers toda yha ve op er ationsin key mar ke ts world wi INALi fe Insurance (ACELife) -a memberof the AC E Groupof comp ani is on e of the wor ld s most innovati ve providers of insuranceprod ucts &se rv ice s. ACE INA ha s more tha n 200 years of insur ance experience, with ahi st ory going back to 17 92. Toda y, AC E INA deliversa range of insu ra nc epr od uc ts and serviceto 50 countries around the terms and conditionsof your ins uranceco vera ge ar e expl aine d in th eDi st rib uti on Guide whichyou rec ei ve whe n you buy a pl an. Our Dis tr ib utio nGu id es ar e availableonlineatwww. scot rtl y aft er separatingfr om he r hu sba nd, Su san Joneswen t to he rScoti abankbran ch to rene w her mortgage. Whenthe questionofpurchasin g mort gage pro tec tion ca me up, Jonesthought Whatthe heck ,it s cheap,and yo u ne ver kno w.

7 So with out givingthe matterto o muchth ought,she appl ied for cov er age .Who coul d have im ag in ed th at th re e yearsla te r, SusanJon es, who has asix-year- ol d son , wou ld be diagnose d with breast cancer. It was alreadysp re adi ng , recal ls Jon es, wh o aske d her real namenot be used. Thedoctorhad fo un d canc er in a coupl e of ly mph nodes. At the urg in g of a Sco tiaba nk cus tomerservicerepresentativewho knewabouther medicalco ndition,Jon es rev iewedher Mortgage Pro tectio nPla n and yes, she was cove red by the Hea lth Crisi s Pro tecti on plan . The clai ms proc ess was pl ea sa nt and prettystraightforward I go t thepapersin the mai l as promised and I submittedinformationfrom myoncologistal on g with my five -ye ar med ica l historyfrom my docto r. Byth is ti me, Jon es was so dra ined fr om th e ch emotherapytreatmentsshecouldno lo ng er work.

8 She wen t on sh ort-termdisability, whichredu cedher in co me sig ni the same time,she was spendingmo remoneyon item s lik e food and en the pho ne ran g, and a ve ry nice woman from CanadaLifeinfo rmedJon es that her cla im ha d been app ro ved and that a cheque fo rover $120,000 was bein g sent to Scotiabank to pay off the remainingba lanc e on her mor tgage. I th ough t tha nk God, on e less thingto wo rryabout, recal ls Jones,who has no w finishedher treatment and is fu llyreco vered. Whatever happ en s, I ha ve a ro of ov er my head and I do n thav e to worry . Introduction 3Sc oti abankCr edi tor Pr otection HandbookChoosingtherightprotectionplanHo w do you choosethe pr ote ct ion plan that is right for yo u? That de pe nds onwh o and what you need to prote ct. For example, ther e are creditorpro tectio npl an s availablefor mortgages,VISA cards, li ne s of credit,and loans.

9 An d, we offertr av el medicalinsur this ha ndbook,we provideinf or ma tion regar di ng the basi c plan de scr iptio ns ,wh o can apply, as well as som e det ai ls abou t the eli gibil ity requirements an d thecos t of the insura nc e. There ma y be disco unts availablewhen you enr oll inmu lti pl e plans, if ther e are mul tipl e borr owers. And of courseyou can alwa ys callor drop into any Scotiabankbranc h for informat ion regardingthe pr otec tionpl an s th at are the best fit for cancelmy plan?Ye s, you may cancel your plan at any ti me. More detail s providedin th eDi st rib uti on Guide you will re ce iv e upo n Type s of Prot ec ti on PlansTy pesof Protection PlansWe offe r two ty pe s of pr otect ion pla ns: Cre ditor Protection Tra vel MedicalInsuranceCreditor Pro tec tionPlansDo you have a Scotiabankmortg age, line of cr edit , VIS A card or lo an?

10 Safe gua rdyou r fa mily, your financesand your fut ure . Wit h the foll owingcr editor pr otec tionpla ns, your Sc otiabankdebts ca n be cove red if you are diagnosedwith a spe cificill ness , becomedisabled or pass aw ay. Mo rtg ag e Protection- To kee p your hom e from turninginto a bu rd en, ourMo rtg age Protectioncan pa y your Scotiabankmortgagebal anc e or ma keyou r mo rtgage payme nts if you bec ome seriouslyill , disabledor die. Th reepro duct plans ar e ava il able :- Loss of Life Protec ti on (LO LP)- Heal th Cr isis Pr ote ction (H CP )- Disa bil ity Pr otect ion (DI ) Lineof Cred it Protection- Ge t a helpi ng hand with protection tha t cove rsyou rSco tiaL ine acco un t in case of se ri ous il lness or er e are thr eepro duct plans to ch oose from :- Loss of Life Protec ti on (LO LP)- Loss of Life and Hea lt h Cri sis Prote ction (LO LP/ HC P)- Disa bil ity Pr otect ion (DI ) ScotiaPlan Loa n Prot ec tion- Enjoy the se curit y of knowi ng th at you rSco ti a Pl anLoan can be cov ered if you become disabledor die.