Credit Life and Disability Insurance provides peace of mind and family security. Know that your loan obligations will be met and your family will be protected from debt in the event of death or disability (sick or hurt). This particular type of coverage is for installment loans. 

 

CREDIT LIFE INSURANCE

FEATURES AND BENEFITS

  • Single or Joint Coverage available
  • Maximum coverage amount:  $100,000 Decreasing Life|  $50,000 Level Life
  • Maximum entry age:  Ages 0-70 for both Decreasing Life and Level Life
  • Termination of coverage:  Loan term or 120 months...which ever comes first
  • Employment requirement:  None
  • Exclusion:  
    • Suicide within (1) one year from certificate effective date

Exclusions may apply - See insurance certificate for details | Not available in all states | Rates may differ based on state

CREDIT DISABILITY INSURANCE

FEATURES AND BENEFITS

  • Single or Joint Coverage available
  • Maximum monthly benefit:  $1,000  /  120 months
  • Maximum Aggregate Disability Benefit:  $100,000  /  120 months
  • Maximum age at issue:  65
  • Employment requirement:  Actively employed for 30 hours or more per week on the date of loan closing
  • Exclusions:
    • 6/6 pre-existing condition
    • Intentional self-inflicted injury
    • Normal pregnancy
    • Conditions resulting from war (declared or undeclared)
    • A balloon or lump sum payment (insured with Level Life coverage)

Exclusions may apply - See insurance certificate for details | Not available in all states | Rates may differ based on state