Scotia Insurance provides a range of protection solutions - including life insurance, critical illness coverage, retirement savings, and annuities designed to help you safeguard your family, income, and long‑term goals. Our offerings include:

• Life Insurance – Provides financial support to your beneficiaries if you pass away. Riders such as Accidental Death Benefit, Accidental Death & Dismemberment, and Critical Illness are available.
• Critical Illness Insurance – Pays a lump‑sum benefit if you are diagnosed with a covered critical illness.
• ScotiaBRIDGE – A government‑approved retirement scheme (ARS) that allows clients to contribute up to 20% of their gross income for retirement. Contributions are tax‑deductible and tax‑deferred.
• Creditor Insurance – Provides protection for your loans, mortgages, and credit cards by covering outstanding balances if there is a diagnosis of a covered critical illness or death of the insured.

Annuity – The Scotia Retirement Income Fund is an annuity designed to provide income during retirement, following the termination of an Approved Retirement Scheme (ARS) or Approved Superannuation Fund (ASF).

Life insurance provides a lump‑sum payment, called the death benefit, to your beneficiaries if you die while the policy is in force. This benefit can help:

• Replace lost income
• Cover mortgage or loan payments
• Pay education costs
• Handle final expenses
• Provide financial stability for your family and help build a legacy

Premiums may be paid monthly or annually. As long as these payments remain current, your family remains protected.

ScotiaBRIDGE is an Approved Retirement Scheme that allows clients to save for retirement through tax‑deductible contributions while earning tax‑deferred investment returns.

ScotiaBRIDGE supports your retirement goals by offering:

• Structured long‑term savings with tax advantages
• Investment growth through diversified funds
• Flexibility in choosing investment allocations
• A tax‑free lump‑sum withdrawal at retirement (up to 25% of accumulated funds)
• Conversion of your savings into a lifetime or long‑term income stream through an annuity (Scotia Retirement Income Fund)

Creditor protection is insurance that pays off your outstanding Scotiabank loan, mortgage, or credit card balance if you experience a major life event such as death, heart attack, stroke, or cancer and dismemberment - depending on the coverage (Credit Life Insurance or Credit Health Protection) selected.

This protection ensures your family is not burdened with your debt during a difficult time. In the case of a covered critical illness, the outstanding balance on your Scotiabank loan, mortgage, or credit card at the time of diagnosis will be paid off. This provides peace of mind, helps prevent financial strain, and allows you to focus on your recovery.

Submitting a claim is simple:

1. Notify Scotia Insurance as soon as the event occurs.
2. Provide the required documents, such as identification, the claim form, medical reports, or proof of critical illness, dismemberment, or death. Additional documents may be required depending on the type of claim.
3. Submit documents through your nearest Scotiabank branch, your insurance advisor, or by emailing them to creditinsurance.sjlic@scotiabank.com. Originals may be sent to the Head Office, addressed to the Claims Department.
4. Scotia Insurance will assess the claim and contact you if additional information is needed.
5. Once approved, benefits are paid directly to you or your beneficiary through your bank account.

Your advisor can guide you through each step to ensure a smooth experience.

No. Funds held with Scotia Insurance are not covered by JDIC. JDIC coverage applies only to deposits held in licensed deposit‑taking institutions.

Insurance products are regulated by the Financial Services Commission (FSC). Scotia Insurance ensures that all policyholder obligations are supported by the company’s financial strength and regulatory requirements.