Loan Protection
Protect your loan and your peace of mind.
Save with joint coverage
When two or more people are insured on the same ATB loan, the premium rate for each insured client is reduced by 15%.
120-day accidental death coverage
If you die as the result of an accident before a decision is made on your application, your life claim may be paid.
30-day review period
If you change your mind within the first 30 days, your premium will be refunded, no questions asked.
Frequently Asked Questions
In order to apply you must be a borrower, co-borrower or guarantor of the loan or line of credit, or a "key person", a resident of Alberta and at least 18 years of age and not yet 75 years of age on the date you apply for insurance.
A key person is an employee of the business entity named on the application that is vital to the operation of your business entity, essential to the ability of the borrower or co-borrower to meet the debt obligation and be at least 18 years of age.
The loan can be for a property or business that is outside of Alberta as long as you are an Alberta resident when you apply for the loan and loan protection.
ATB offers life insurance on business loans, including fixed term and revolving loans and lines of credit.
Connect with an expert.
Rest easy knowing that Loan Protection can cover the balance of your loan and line of credit payments in the event of death or disability2.
Eligibility requirements: 18-74 for mortgages and time plan personal loans; 18-69 for lines of credit (including HELOCs)
Mastercard products have coverage for life insurance only (not disability).
Only available on mortgages and independent business and agriculture loan products.
Mortgages and time plan personal loans have a fixed monthly premium. For lines of credit (including HELOCs), the premium changes based on your average daily balance. Call 1-888-404-4646 to learn more about mortgage and HELOC premiums.