What's Credit Insurance?
/Credit Life Insurance evolved from the concept advanced by the insurance industry that “No Debt Should Survive Its Maker or Ever Become a Burden to Others.” Credit Insurance is typically purchased when you are taking out a loan to purchase a car, boat or any other type of non-real estate purchase. The coverage is purchased at time of loan closing, and cannot be added after that time.
Credit insurance helps minimize financial burdens in the event of death or disability. It is an important coverage that should be strongly considered at time of loan application and closing. With credit insurance, you know that in the event of death or disability your family will be protected and your obligations met.
To request more information on Credit Insurance, ask your financial institution or contact us by clicking the link below.