In the event of death, the Bank will pay a death benefit in accordance with the rules set out below.
|Mortgage loan and personal loan
Insured loan balance as at the date of death, plus all interest accrued since the date of death
|All-In-OneTM and line of credit
Insured balance outstanding as at the date of death, plus all interest accrued since the date of death
The lesser of the following amounts:
Line of credit: $1,000,000