Mitigate risk while offering peace of mind for your borrowers

Credit insurance is a policy that is issued, and the benefit is paid, to the financial institution. If the unthinkable were to happen, borrowers can feel confident they will have the financial protection to help them get through a stressful time.

Credit insurance is available for installment loans, lines of credit, credit cards and certain types of real estate secured loans. It pays off or reduces a loan balance for the borrower or co-borrower 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.