• Up to $25,000 in life insurance to help ease the financial impact of your death on your loved ones (funeral costs, final expenses) and even leave something behind for them
• Up to $6,250 in cancer coverage to help you deal with the financial consequences of a cancer diagnosis (such as tests at private facilities, travel expenses, childcare and caregiver costs)
• First 3 monthly premiums refunded by your caisse1
• Find out right away if you're eligible for coverage
• Tax-free benefit payments
• Affordable premiums, since Savings-Life Insurance is a group insurance product

3 services included:

• Psychological assistance: confidential support from a psychological health specialist to help you through difficult times
• Legal assistance: information about your rights and options to help you resolve legal problems
• Convalescence assistance – case management: assistance by phone from a team of healthcare specialists and assistance coordinators while you recover

• You must meet the following 4 criteria:
  1. You have an individual or joint qualifying share account, everyday account or regular savings account.
  2. You're under 70 when you take out the insurance.
  3. You must be a Canadian resident (that means you're legally authorized to reside in Canada and you live there at least 6 months a year). If you aren't a Canadian resident, you must meet the following 3 criteria:
• Be authorized to reside in Canada and have come to Canada with the intention of settling here, and
• Be enrolled in a federal/provincial/territorial immigration program, and
• Have a valid study permit or work visa showing that you'll stay in Canada long enough.

4. Your answers to the questions on the insurance application show you're eligible for coverage.

• For joint accounts, each account holder must meet these 4 conditions. If 1 account holder is insured, the other must be, too.

• You can insure multiple accounts with Savings-Life Insurance:
  • Qualifying share (membership share) accounts: up to $25,000 in life insurance and $6,250 in cancer coverage per account
  • Personal chequing accounts: up to $25,000 in life insurance and $6,250 in cancer coverage per account
  • Regular savings accounts: up to $10,000 in life insurance per account (no cancer benefit)
• Total payable for all insured accounts combined is capped at $75,000 (life insurance) and $18,750 (cancer benefit).
• Insurance amounts vary based on account type and on the age of the insured person when they die or when they receive a cancer diagnosis (as of June 1, 2016).
• To help keep costs affordable for older insureds, who generally need less coverage, insurance amounts start decreasing at age 70.

• The monthly premium is automatically debited from your account.
• How much you pay depends on how old you are—whenever you enter a new age range, your premium will change.

For a full list of conditions, consult the insurance policy available at your caisse or the Savings-Life Insurance Documents (PDF, 1.03 MB) This link opens in a new window..

To learn more about your coverage if you're diagnosed with cancer, refer to the Cancer Diagnosis Coverage Guide – Savings – Life Insurance (PDF, 247 KB).

Legal notice

The information on this site is intended to help you understand the product by providing a simple, clear summary of the nature and conditions of the insurance. Only the policy and the insurance application will be used to settle legal disputes. Refer to the insurance policy for a full list of terms and conditions.