Offering You Loans with Payment Protection
A loan with fast track funds comes with the opportunity to purchase payment protection and additional products that can add value to you. These products are offered to qualifying customers in conjunction with your loan.
Below Are Some Helpful Articles
Credit Life Insurance
Coverage designed to protect the borrower and his or her estate from the financial burden which may result from a borrower’s death. Credit Life pays a benefit to reduce or eliminate a borrower’s unpaid debt in the event of his/her death.
Credit Disability Insurance
Coverage to protect a borrower from the financial burden which may result from total disability. Pays a monthly benefit to reduce or replace a debtor’s monthly payment in the event of his/her total disability.
Credit Involuntary Unemployment Insurance (IUI)
Involuntary Unemployment Insurance (IUI) makes your loan payment (up to the certificate maximum) after you’ve been involuntarily unemployed for 30 consecutive days. The stated numbers of benefits are paid retroactively to your first day of unemployment and continue until exhausted or you return to work.
Credit Property Insurance
Provides protection for Personal Property/household items (other than a vehicle) pledged as collateral for a loan.
Accidental Death and Dismemberment
Coverage paid in the event of injury or death resulting from an accident as specified in the form.
Collateral Protection Insurance
In the event you do not have insurance that adequately covers the collateral pledged as security for a loan, Collateral Protection Insurance (CPI) may be obtained by the lender. CPI provides limited coverage and primarily protects the lender’s interest in the property.
To submit proof of insurance for a new or existing loan visit myloaninsurance.com
