 |
Accident and Health covers
monthly payments (different limits apply) regardless of
other policy benefits. |
|
Credit Life coverage will
pay off the loan balance in the event of the borrower’s
death, providing protection of the asset for the surviving
spouse. |
|
Credit Life
has no occupational restrictions. |
|
Accident &
Health coverage eliminates the worry of meeting scheduled
monthly payments during a period of physical disability. |
|
Accident & Health coverage
requires that debtor work 30 hours per week or more. |
|
May provide coverage to individuals
who may not qualify for other types of insurance since
no physical examination is required. |
|
In case of permanent disability,
Accident & Health completes the payments on the loan
provided that payments are up to date at time the disability
is incurred. |
|
May be less costly than other
insurance for some age brackets and/or occupations. |
|
Insurance can be purchased
for the exact amount of the loan. |
|
|
