In Life, Things Happen.

SmartGuard Payment Protection Insurance

Provide affordable protection like Life, Critical Illness or Disability insurance for you and your loved ones in the event of a serious medical event. 

SmartGuard is an insurance product offered by SmartProgram Services Inc., a licensed third party administrator. 

Creditor’s group insurance is optional and is 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. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. To contact Co-operators Life Insurance Company visit or call 1-800-263-9120

Sources: Statistics Canada, and,

Loss of Employment & Disability

Monthly payments up to $1,500 will be paid directly to your lender in the event of Loss of Employment for up to 9 months, or 36 months in the event of a debilitating injury.


Monthly payments up to $1,500 will be paid directly to your lender for up to 72 months in the event of a debilitating injury.

Life Insurance

A $100,000 maximum insurance available to protect you during the entire term of your loan.

Critical Illness

Up to $100,000 of the outstanding balance of your vehicle loan will be paid if you are diagnosed with a critical illness - Heart Attack, Stroke or Cancer.

Why Sell Our Credit Protection Insurance?

  • Underwritten by one of Canada’s leaders in financial services and insurance protection solutions - Co-operators Life Insurance Company.
  • Easy to quote & sell using SmartProgram’s online portal. 
  • Added revenue for your dealership.
  • You can sell our products with new, leased or dealer certified used vehicles.
  • Your dealership, your lender and your customer are protected against loan default in the event of a medical issue.
  • If there is a joint purchaser, a multi-insured discount applies.