Insurance glossary

Commonly used terms to help you plan your insurance needs.

Critical illness insurance

A benefit that maintains your financial stability while you focus on recovery from a critical illness. The benefit can be used for anything including income replacement or living expenses, debt repayment, and coverage for medical expenses.

Disability insurance

A monthly benefit designed to protect you and your family from the loss of income resulting from an unexpected injury or illness, whether short- or long-term.

Emergency medical travel ins

A benefit that provides coverage for expenses associated with a medical emergency while travelling outside the province.

Extended health ins

A benefit that provides partial reimbursement for specific health, dental and prescription medication costs not covered by your provincial medical plan.

Life insurance

Life insurance offers peace of mind in a difficult time by protecting your family, and those you care about, from financial hardship.

Term and life annuities

Purchased from life insurance companies, this benefit provides a guaranteed monthly income stream for a minimum number of years or for the life of the annuitant.

Credential Financial Strategies Inc. is a member company under Aviso Wealth Inc., offering financial planning, life insurance and investments to members of credit unions and their communities.

Home and Auto insurance is underwritten by CUMIS General Insurance Company, administered by Co-operators General Insurance Company. Not all products available in all provinces, and rates, coverage and eligibility may vary. CUMIS General Insurance Company and Co-operators General Insurance Company are committed to protecting the privacy, confidentiality, accuracy and security of the personal information that we collect, use, retain and disclose in the course of conducting our business. Please refer to our privacy policy for more information. To contact CUMIS, please visit www.cumis.com or call 1.800.263.9120.

Loan / line of credit / mortgage insurance coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s 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.

*Travel insurance does not cover everything. Please refer to the certificate for full terms and conditions, including limitations and exclusions. Travel insurance is underwritten by CUMIS General Insurance Company, a member of The Co-operators group of companies, and administered by Allianz Global Assistance. Allianz Global Assistance is the registered business name of AZGA Service Canada Inc. and AZGA Insurance Agency Canada Ltd.

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