If you become disabled or die, the financial commitment you made on your loan remains. People who suffer an extended disability tend to have a drop in income and an increase in expenses. Families also face a challenge when a primary income-earner dies.
You may already have life insurance, but more than likely, you intended this money to support your family, not to pay off your outstanding loans.
Credit Insurance Options
We offer you a variety of loan insurance products, including credit life insurance to protect you and your family.
Credit Disability Coverage
As soon as your loan is approved, you are eligible to apply for credit insurance. Generally, no medical examination is required. If approved for the insurance, your coverage is effective as of the date of the loan.
Paying your insurance premium is simple. Your monthly loan payment includes the premiums, so there is no need to write an extra check or remember an extra due date.