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Account Protector

AMEX Account Protector ULTIMATE Coverage Details

Coverage for up to $20,000 in the event of both planned and unforeseen life events.

  • Loss of Life (includes spouse)
  • Dismemberment (includes spouse)
  • Critical Illness (includes spouse)
  • Total Disability (includes spouse)
  • Accidental Death at Age 80 or Over
  • Involuntary Unemployment (includes Lay Off, Labour Dispute, Strike, Lockout, Termination)
  • Loss of Self-Employment Income
  • Disability Requiring Hospitalization

Depending on the claim, benefits are paid in either a lump sum payment or a monthly
payment of 5% of your outstanding insured balance at time of loss up to a maximum
of $20,000.

  • Retirement
  • Home Purchase
  • Your Child’s Enrollment in Post Secondary Institution
  • Marriage (Basic or Child of Basic)
  • Birth or Adoption of a Child

Can provide 2 monthly payments of 5% of your outstanding insured balance.

Coverage costs just $0.99 per $100 of your current month’s outstanding Credit Card statement balance up to $20,000, so for a balance of $500 the premiums would be just $4.95 (plus applicable taxes). At age 70, the cost reduces to $0.69 per $100 of your current month’s outstanding Credit Card statement balance up to $20,000 (plus applicable taxes). Premiums will be charged directly to your American Express® Card.

 

For more information click on FAQs

 

 Certificate of Insurance

24/7 Customer Service 1-800-869-3016