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What is the insured amount in the event of disability?
The benefits are prorated for each day of disability that is not part of a complete period covered by a payment.
Disability benefit |
Maximum |
|
| Mortgage loan and personal loan | Insured payment, up to a maximum of 24 months of consecutive insured payments for the same disability, without exceeding 48 months of insured payments for all insureds for the term of the loan. |
Mortgage loan: Personal loan: |
| All-In-OneTM and line of credit | Accidental disability The lesser of the following amounts (up to a maximum of 24 months of consecutive insured payments for the same disability, without exceeding 48 months of insured payments for the term of the loan):
Non-accidental disability The lesser of the following amounts (up to a maximum of 24 months of consecutive insured payments for the same disability, without exceeding 48 months of insured payments for the term of the loan):
|
All-In-One: Line of credit: |
TM All-In-One is a trademark of National Bank of Canada.
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