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Purchase peace of mind for you and your loved ones with Life, Disability, Critical Illness and Loss of Employment Insurance through CUMIS. In the event of the unexpected, your Loan, Line of Credit or Mortgage payments are covered. CUMIS offers a 30-day free look, which means the insurance premium paid will be refunded to you if you decide to cancel within 30 days. Furthermore, you can decide at any time to add or cancel your coverage. Monthly payments can be set up to be paid automatically and directly from your Parama account.
- For Loans, we offer Life, Critical Illness and Disability Insurance. There are no health questions asked and for your convenience, the insurance premium can be added to your loan amount and calculated into regular loan payments.
- For Lines of Credit, we offer Life, Critical Illness and Disability Insurance. The monthly insurance premium is based on your average outstanding monthly balance.
- For Mortgages, we offer Life, Critical Illness, Disability and Loss of Employment Insurance. The monthly premium is determined when you sign up.
You can sign up for one or more of the coverage options available, so the total premium or monthly premium will vary depending on your selection. Some conditions apply depending on the type selected. For more information please contact our Mortgages & Loans Department for additional details.
*Payment Protection Insurance is optional and underwritten by Co-operators Life Insurance Company. Supporting services, such as enrolment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated, a subsidiary of Co-operators Life Insurance Company. Not all products are available in all provinces. Coverage is governed by the terms of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details. CUMIS® is a registered trademark of The CUMIS Group Limited and is used with permission. © 2026 Co-operators Life Insurance Company
