TORONTO, ONTARIO--Enbridge Commercial Services Inc. and ACE INA
Insurance announced today the launch of a new service for
residential customers of Enbridge in Ontario. The Enbridge Payment
Protection Plan, administered by ACE INA Insurance and jointly
underwritten by ACE INA Insurance and CIGNA Life Insurance Company
of Canada, provides coverage for a customer's Enbridge account in
the event of involuntary unemployment, temporary total disability,
permanent total disability and death.
"Protecting and providing for ourselves and our families is
important to most people," said Steve Letwin, Group
Vice-President, Enbridge Distribution and Services. "The new plan
will offer peace of mind for customers who are concerned about
paying their bill in a time of personal crisis. Customers need to
look at the plan in terms of their own personal circumstances and
decide if it is right for them."
The Enbridge Payment Protection Plan will cover the monthly
regular charges appearing on a customer's Enbridge account for up
to a total of six months, up to a maximum of $500 per month, for
temporary disability and involuntary unemployment. For permanent
disability, the principal owing on the Enbridge Finance Plan
Balance, up to a maximum of $20,000, would be paid. In the case of
death, the plan covers regular monthly charges, up to a maximum of
$500 a month, for up to 12 months and the principal owing on the
Enbridge Finance Plan Balance up to a maximum of $20,000.
Premiums for coverage will vary depending on the amount of regular
charges on a customer's bill. Regular charges refer to amounts
most commonly found on a customer's Enbridge bill. This includes
all natural gas related charges, rental charges, heating/cooling
protection plan charges and installments on purchases financed on
the Enbridge bill.
The Enbridge Payment Protection Plan is available to Enbridge
residential customers in Ontario with accounts in good standing,
who are Canadian residents over 18 years of age and under 65 years
of age. Customers are not required to fill out an extensive health
questionnaire to enroll in the plan.
Complete information about the Enbridge Payment Protection Plan,
including terms and conditions, is available at
www.enbridgeprotect.com. Customers can discontinue the plan at any
time without penalty.
Customers are encouraged to contact ACE INA Insurance at
1-800-968-9973 for more information.
About Enbridge
Enbridge Inc. is a leader in energy transportation, distribution
and services in North America and internationally. Enbridge
operates, in Canada and the U.S., the world's longest crude oil
and liquids transportation system. As a distributor of energy,
Enbridge owns and operates Canada's largest natural gas
distribution company, which provides distribution services in
Ontario, Quebec and New York State; and is developing a gas
distribution system for the province of New Brunswick. In
addition, Enbridge provides retail energy products and services to
a growing number of Canadian and U.S. markets. Enbridge common
shares trade on The Toronto Stock Exchange in Canada under the
symbol "ENB" and on The NASDAQ National Market in the U.S. under
the symbol "ENBR". Additional information is available at
About ACE INA Insurance
ACE INA Insurance in Canada is part of the international
operations of ACE INA Holdings, Inc., a wholly owned subsidiary of
ACE Limited (NYSE: ACE). The ACE Group of Companies provides
insurance and reinsurance for a diverse group of clients. The ACE
Group conducts its business on a global basis with operating
subsidiaries in nearly 50 countries. Additional information can be
found at www.acelimited.com.
About CIGNA Life Insurance Company of Canada
For more than 125 years, the CIGNA companies have been helping
people lead healthier, more secure lives. CIGNA Corporation's
subsidiaries are leading providers of employee benefits. They
also offer life insurance and employee benefits in selected
international markets.