Credit Protection for Scotiabank MasterCard BusinessCard
Your Scotiabank MasterCard® BusinessCard was designed to be an affordable way to take care of your business expenses.
Adding Credit Protection for your MasterCard BusinessCard can ensure that your your card balance(s) are covered in the event of your death or the diagnosis of a critical illness.
Credit Protection for Scotiabank MasterCard BusinessCard pays the outstanding balance of your Scotiabank MasterCard BusinessCard up to a maximum amount1 if you die or are diagnosed with a critical illness (heart attack, cancer, or stroke).
Plus, if you choose to provide a Scotiabank MasterCard BusinessCard to an employee for company use, then the balance outstanding on that card would also be paid off if you were to die or be diagnosed with a critical illness.
Premiums are based on the outstanding balance(s) of your previous month’s Scotiabank MasterCard BusinessCard statement, plus any outstanding balances on additional cards issued to your co-owner or employees for company use. No premium will be charged on a card with a previous month’s balance equal to zero.
You are automatically approved for coverage provided that you and your co-owner or secondary cardholder (if you choose) are over age 18 and younger than age 60 on the date you apply. No medical exams or health questions to answer. It’s that easy.
A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan. All insurance coverage is subject to the terms and conditions outlined in the applicable Certificate of Insurance, which you will receive upon purchase. Credit Protection benefits are underwritten by licensed insurance companies.
Subject to change.
MasterCard is a registered trademark of MasterCard International Incorporated.