Loan

Personal Loan - Life and Disability Insurance

Personal Loan Life and Disability insurance programs insure your personal loans with afixed term of repayment. Your premium is paid at the time your loan is approved. In theevent of tragedy, your insurance program either makes the insured monthly loan payment to us on your behalf or repays the insured loan balance.

Life insurance at a glance:

  • Maximum issue age is 69 and coverage ceases at age 70
  • Insurance benefit is equal to outstanding insured loan balance at date of death plus up to 6 months accrued interest and up to 90 days settlement interest
  • Pays off your outstanding insured loan if you should die

Disability Insurance at a glance:

  • Maximum issue age is 59 and coverage ceases at age 65
  • Makes your insured loan payment while you are disabled
 

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