What is Spousal Account Balance Protection?

This insurance can cover* your minimum payments on your President’s Choice Financial Mastercard in case the unexpected happens to you or your spouse, so you have one less thing to worry about.

  • Covers 5% of your balance on the date of loss (more than the required minimum monthly payment) for up to 20 consecutive months in the event that you or your spouse becomes disabled or suffers involuntary job loss* up to age 65

  • In case of the death, accidental dismemberment or diagnosis of a critical illness (cancer, heart attack, or stroke)* of you or your spouse prior to age 75, pays off the full balance owing on the date of loss or date of diagnosis for critical illness, up to $15,000

  • Covers one monthly payment of 5% of your balance as of the first day of hospitalization (to a maximum of $500) if you or your spouse are hospitalized* for more than 2 consecutive days prior to age 75

  • Your premium appears on your statement

  • If your current month’s statement balance is zero, so is your premium

  • Try it risk free for 30 days – you can cancel anytime, and if you cancel within the first 30 days of your coverage becoming effective we’ll refund any premiums collected

  • Only $1.19 (plus applicable taxes) per $100 of your current month’s statement balance

Important information about Account Balance Protection – Spousal, including limitations and exclusionsExternal link

Call 1-866-246-7262External link today to speak to a representative and add ABP Spousal to your account

*Certain limitations and exclusions apply. Complete details, including the definition of covered conditions, are set out in the Certificate of Insurance that will be sent to you when you enroll.

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