Credit Insurance
Credit Insurance is a staple part of many lender’s risk management program to protect against a borrower’s loan default.
Products available are:
- Credit Life Insurance
- Credit Disability Insurance
- Credit Involuntary Unemployment Insurance
Insurance is available on either a single premium or a monthly outstanding balance basis.
We offer a free, unique, customized Internet Loan Calculator that quickly and easily provides price quotes to help increase sales of these products.
Forms are widely available for the most popular loan processing software packages.
Coverages, commissions and limits are some of the most competitive in the industry.
Whether you have a large or small institution, we have the providers, software and forms to help you implement a program that will satisfy you and your customers.
Credit Insurance
AKA: Credit Life Insurance.
Product Type
Insurance. Life and Health.
Protection
Makes loan payments in the event of a borrower’s death, disability or unemployment.
Typical Markets
Banks, Credit Unions, Auto Dealers, Finance Companies, Retailers.
Basis
Individual coverage.
Marketing Method
Retail. Sold by lender at time of loan.
Insurance License
Required. License requirements will vary by state. Lender and loan officer may both be required to be licensed.