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HuGO Debt Disability Insurance

A promotional offer on HuGO Life

You receive a monthly disability benefit to help you make your loan payments.

HuGO Debt coverage is an affordable and flexible alternative to products of financial institutions.

For more information on disability insurance to cover your debts, we encourage you to contact your advisor.

Benefits available

$400 to $1,500 per month (policyholder’s choice) to pay your debts.

Eligible debts

  • House or condo (loan or home equity line of credit, including property and school taxes)
  • Rent
  • Car loan or lease
  • Credit card and line of credit
  • Leveraged loan

Age limit upon purchase

Available to persons 18 to 59 years old (inclusive). Age at last birthday.

Waiting period

90 days

Benefit period

2 years.

Disability covered

Any total disability caused by an accident or illness.

Contract type

Renewal of the contract is guaranteed.

The level premium rate is based on the age and risk class of the person insured and on the guarantee. The only rate increases possible are adjustments that reflect experience.

Premiums are waived upon receipt of the first benefit.


Guaranteed up to age 65.

Integration and coordination

No integration or coordination.

100% payment for joint personal debt.

Exclusions and restrictions

There are no pre-existing conditions. Refer to the debt disability insurance policy specimen document for full details.