With BANK CREDITOR INSURANCE…
Disability coverage for personal loans and credit lines offers short term protection if you become unable to earn a salary or wage due to sickness or accidents causing a disability to earn an income.
Bank Coverage:
You are not the policy owner, the bank is .
· You may have been eligible at first, but you may not really be insured when it comes time to make a claim
· Insurance is directly linked to your creditor(s)
· Benefits are payable to your bank and not to you
· Benefits can stop before your loans are repaid in full
· If you have multiple loans to insure, you get to sign a contract for every single loan
· Your regular occupation is covered only for one or two years at the most *
· You often must pay for life insurance (even if you already have coverage) if you want access to other available coverages
· When a claim arises, it’s your duty to make sure your benefits are paid
*Based on the information available at the time of printing
With UNIVERSAL LOAN INSURANCE…
· You are the policy owner.
· You are underwritten for your insurance upfront
· Insurance is independent of your creditor(s)
· Benefits are payable directly to you, not to your bank
· You can choose from flexible benefit periods of two years, five years or the term of your loans*
· If you have multiple loans to insure, only ONE contract covers them all
· You have the choice to extend to ensure that your regular occupation is covered for the term of your loans*
· You get the flexibility to choose your coverage options. You can choose any coverage or combination of coverages
· We help you all the way through the process when you have a claim
*Not to exceed age 65
Protection you can count on, simplicity you’ll love
Combine your mortgage, car and line of credit insurance needs and save money!
Talk to your ADVISOR…
Find out more – talk to us today. We can help you find the best solution for your situation.
For more information contact Lawton Partners Wealth Management 306-922-2020
