Insurance

We offer a range of insurance products to meet your needs. 

Personal
Loan Insurance

Life (Single Premium)

  • Single and joint coverage available
  • Maximum coverage - $100,000
  • Maximum term – 10 years
  • Single premium payment made upon issuance of the loan
  • Available for members ages 16-65
  • Suited for any type of personal loan 

Disability (Single Premium)

  • Single and joint coverage available
  • Maximum coverage - $1,500/month, and 72 months or $108,000
  • Maximum term – 10 years
  • Waiting period – 30 days
  • Single premium payment made upon issuance of the loan
  • Available for members ages 16-59
  • Suited for any type of personal loan
    
    

Group Mortgage Insurance

 

  • Single and joint coverage available
  • Coverage amounts from $20,000 to $500,000 (or a maximum of the total loan owing amount)
  • Maximum term – 30 years
  • Accidental death rider available
  • Disability rider available
  • Premiums paid monthly
  • Available for all members ages 18-65
  • Suited for any type of mortgage; residential, agricultural or commercial

Line of Credit Insurance

 

Life

  • Single and joint coverage available
  • Maximum coverage - $100,000
  • Premiums paid monthly only upon use of the line of credit
  • Available for members ages 18-69
  • Suited for any type of line of credit; personal, agricultural or commercial 

Disability

  • Single and joint coverage available
  • Maximum coverage - $3,000/month for 24 month per insured
  • Waiting period – 30 days
  • Premiums paid monthly only upon use of the line of credit
  • Available for members ages 18-59
  • Suited for any type of line of credit; personal, agricultural or commercial 

Travel Insurance  

When travelling outside of your home province, territory or country, your government health care plans don't travel with you. Travel insurance bridges that gap in coverage to help you stay protected during a medical emergency. Have a better trip.

Call CUMIS at 1-877-885-2847 and quote the RCU agency code 2302.