Credit Life & Credit Disability
Credit Life & Credit Disability Payment Protection:
Credit Life and Credit Disability are affordable products designed to pay the loan balance off (up to contract limits) in the event of death or make the loan payment if you are disabled. Maximum life protection is $100,000 per loan. Life coverage ends at age 71.
The Maximum monthly disability benefit is $1000 and you must be working 25 hours per week on the loan advance to be eligible for coverage. If disability lasts 14 days the benefit will begin on the first day of disability. Disability coverage ends at age 66.
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Enrollment is easy for Credit Life and Credit Disability. Coverage is available on loans with a duration of up to 10 years.