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What is the insured amount in the event of a critical illness diagnosis?
In the event of critical illness, the Bank will pay a critical illness benefit in accordance with the rules set out below.
Critical illness benefit |
Maximum amount |
|
| Mortgage loan and personal loan | The insured loan balance calculated on the date of the diagnosis, plus all accrued interest |
$150,000 |
| All-In-OneTM and line of credit | The lesser of the following amounts:
|
All-In-One: $150,000 Line of credit: $1,000,000 |
TM All-In-One is a trademark of National Bank of Canada.
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