Life is unpredictable.
AMEX® Account Protector Ultimate is an optional insurance that can help ensure your Card balance does not become a strain on you or your business in the event of an unexpected challenge or milestone.
AMEX® Account Protector Ultimate (APU)
How does it work?
It’s easy!
When you enroll in AMEX Account Protector Ultimate, you make a payment of $0.99* per every $100 of your current month’s outstanding Card balance, plus applicable taxes.
For example
If your monthly outstanding balance is $500, then $500 x $0.99 / $100 = $4.95. So, the amount you’d be paying on the $500 balance would be $4.95 (plus applicable taxes).
*for age 70 or older, the payment is $0.69.
How much can I be covered for?
You can be covered for up to $20,000 in times of need, such as illness, injury or death.
You can also be eligible when you are celebrating certain positive life events.
Review the full coverage inclusions below.
What can I be covered for?
Your credit Card balance can be paid up to $20,000 in one of these cases:
If you or your Spouse lose your life.
If you or your Spouse have a heart attack, stroke, cancer and coronary artery disease (only bypass surgery).
If you or your Spouse suffer an accidental death at age 80 or over.
If you’re hospitalized due to accidental bodily injury or sickness beyond a 24-hour period.
If you or your Spouse experience loss of sight in both eyes, or a hand or foot by complete severance.
If you become unemployed because of closure of your business for financial reasons. Must be self-employed at least 25 hours a week for at least 36 consecutive months.
Monthly payment benefits can be paid towards your balance in one of these cases:
If you or your Spouse are unable to perform the regular duties of your occupation due to accidental bodily injury or sickness. Benefits can be paid following 30 days of disability. After 90 consecutive days of Total Disability, the remaining balance on your credit card can be paid in full to a maximum of $20,000. Positive Life Events: Upon purchase of a home, marriage, child’s marriage, birth/ adoption of a child, child entering college or university for the first time, and retirement. Two Monthly Payment benefits can be paid towards your credit card balance.
If you become involuntarily unemployed while working at least 25 hours a week with one employer. Benefits can be paid following 30 days of unemployment. After 90 consecutive days of unemployment, the eligible balance on your credit card can be paid in full to a maximum of $20,000.
- Critical Illness resulting from a Pre-existing Condition
- Unemployment from seasonal, temporary, contract or part-time employment (less than 25 hours per week)
- Loss of self-employment income due to closure of business within 12 months of the effective date, willful or criminal misconduct; or voluntary forfeiture of wages or income
- Disability requiring hospitalization in facilities for treatment of mental illness, aging, drug addiction, or alcoholism and in facilities outside of Canada or the United States
Get protection for your Card balance today.
Frequently Asked Questions
AMEX Account Protector Ultimate is an optional Credit Insurance program offered to American Express Cardmembers. Benefits can
include coverage for the following:
- Life
- Dismemberment
- Critical Illness
- Involuntary Unemployment/Loss of Self-Employment Income
- Total Disability with Positive Life Events
- Disability Requiring Hospitalization
- Accidental Death at Age 80 or Over
American Bankers Life Assurance Company of Florida (ABLAC) and American Bankers Insurance Company of Florida (ABIC) are the underwriters of this coverage. ABLAC and ABIC, their subsidiaries, and affiliates carry on business in Canada under the trade name of Assurant®.
not available to residents of the province of Quebec
You are now leaving this American Express website and will be transferred to the Assurant Amex Account Protector website.
All the information you provide will be subject to Assurant’s Privacy Policy that can be found on their website.
Please ensure that you review the premium, coverage details and exclusions, and that the product you choose to enroll in is appropriate for your circumstances.
You are now leaving this American Express website and will transfer to the Assurant website.
Assurant is responsible for processing your insurance claim. All the information you provide will be subject to Assurant’s Privacy Policy that can be found on their website.
Insurance benefits are subject to terms, conditions, limitations, and exclusions as outlined in the Certificate of Insurance.
TM, ®: Used by Amex Bank of Canada under license from American Express. AMEX® Account Protector Ultimate is underwritten by American Bankers Life Assurance Company of Florida (ABLAC) and American Bankers Insurance Company of Florida (ABIC) under Group Master Policy numbers 0708APUL and 0708APU. ABLAC, ABIC, their subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc. Amex Bank of Canada identifies insurance providers and products that may be of interest to customers. We do not act as an agent or fiduciary for you, and we may act on behalf of the insurance provider, as permitted by law. We receive compensation from insurance providers and our compensation may vary by provider and product. These arrangements may also influence what products we identify. We do not require you to purchase any insurance product, and you may choose to cover your insurance needs from other sources.