Creating flexibility for you and your borrowers

Debt protection programs are lending products that offer an alternative to traditional loan protection programs. And because they cancel all or part of the outstanding loan debt, the risk associated with lending is minimized.

Debt protection is available for installment loans, lines of credit, credit cards and certain types of real estate secured loans. It cancels all or part of a loan balance for the borrower or coborrower based on the credit insurance type.

• Credit life
• Credit disability
• Credit involuntary unemployment

Payment options include:

• Single Premium – premium based on loan amount, paid upfront at time of loan, and the fee may be refunded if paid off early.
• Monthly outstanding balance – premium based on the outstanding balance each month, is “pay as you go,” and added to the monthly payment.

When you work with us, you have complete ownership of your debt protection program and the contractual relationship with your borrower. You can choose to administer and assume the risk in connection with your programs or contract with Securian Financial companies to take on program risk and administration.

• Plug-and-play - A complete portfolio of standardized debt protection programs that address each loan type and take the guesswork out of program design.
• Custom design – Together, we can design a protection program that fits the individual requirements of your institution and borrowers. Choose one benefit option or all of them, our a-la-cart pricing is designed to fit your specific needs.    
• Post close – Offer debt protection after the loan has closed. The outreach, enrollment and billing are all handled by Securian. Members or customers would pay monthly via debit or credit card and can cancel at anytime.