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Group Life Insurance
The group life insurance we offer to our customers provides life & optional disability insurance that our customers can use to insure their entire loan debt or a portion of it. It protects your family and business from the financial burden of a loan in the unfortunate event of the insured’s death. A disability benefit is also available which covers both sickness and accidental injuries after 90 days of total disability. Customers with disability insurance will receive benefit payments at the frequency that their loan repayments are scheduled.
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Convenience
You’ll save time and money with our quick, easy, and convenient application process. It requires minimal paperwork and underwriting.
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Guaranteed renewal
Eliminate the worry of losing life insurance protection because your policy is guaranteed to renew annually as long as the premiums are paid. Some policy size and age restrictions may apply.
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Flexible coverage
Most customers are eligible for coverage. Co-signers on a loan including spouses, partners, corporate officers or whoever becomes personally liable for the loan can be covered.
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Non-tobacco user discounts
If you don’t use tobacco, you can save money on premium costs.
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Payment frequency options
Payments can be tailored to meet your cash flow needs.
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Convertible policies
Policies remain in effect up to two years after your loans are paid off and they can be converted to individual plans.
To contact us about Group Life Insurance click here.