Walmart Canada Financial Services

Balance Protection Plan§ - Making your payments when you can’t


Balance Protection Plan can help make your Walmart MasterCard payments when you can’t. This optional plan can make your minimum monthly payment if you:

  • • Lose your job, through no fault of your own
  • • Become Disabled
  • • Are Hospitalized

This coverage can also pay your entire balance if:
  • • You are diagnosed with a Critical Illness or Terminal Illness
  • • You or your spouse pass away

Extensive Coverage through every Stage of your Life

Between the ages of 18 to 64, you are protected with Life, Job Loss, Disability, Critical Illness and Hospitalization coverage.

Between the ages of 65 to 74, your coverage will continue for Life, Terminal Illness and Hospitalization, well into your retirement years.

Unbeatable Price for all this Protection

This coverage is available at a cost of $0.85 per $100 of your monthly statement balance (plus applicable taxes), in any month with a balance of $25 or more. You only pay for the coverage you need, at an unbeatable price.

30-day Free Look

You have 30 days to review the coverage details and if during those first 30 days you decide to cancel, you will receive a full refund.

Enrol today by calling 1-888-331-6133 and enjoy the security that this plan can provide. Let the Balance Protection Plan make your payments when you can’t.

Making a claim

To make a claim, call the Insurer of this plan, The Canada Life Assurance Company, toll free at 1-866-995-8705 8:00am to 6:00pm Monday to Friday E.S.T.

Additional Details of Coverage

The above is a brief summary of coverage. Balance Protection Plan is underwritten by The Canada Life Assurance Company. Full terms and conditions of coverage, including restrictions and limitations that apply, are set out in the Certificate of Insurance, which will be mailed to you upon receipt of enrollment.