Loan Indemnification Insurance

Our Loan Indemnification Insurance Program

  • Domestic Market Shortfalls

    • Benefit Limits
    • Impaired Health Risks
    • Older Ages
    • Untraditional Loan Agreements
  • Target Markets

    • Small & Family Owned Business
    • Non-Traditional Lending Agencies
    • Banks & Lending Institutions
    • Gray Collar Business
    • Private Practices
  • Key Features

    • Policy Terms up to 5 years
    • Benefits tailored to match exact amounts and structure of loan obligation
    • Reducing benefit amounts emulating ongoing payoff of loan reflected in reducing annual premiums
    • Benefits Structured as either
      • Monthly with reducing benefit period
      • Monthly + reducing Lump Sum
    • Ability to include interest in benefit amount
    • Own Occupation Definition of Disability
      • Insured is unable to perform the substantial & material duties of their occupation*
    • Elimination Periods: 30 to 365 days
    • Monthly Benefit Periods: matching term of loan
    • Flexible Premium Payment Options
    • Waiver of Premium
    • Presumptive Disability Benefits
    • Requires copy of executed loan agreement
    • Ability to utilize recent domestic medical exams for top-up underwriting
    • Transplant Benefit
    • Optional Riders
      • Residual
      • COLA
  • Monthly Benefit Overview - Temporary Total Disability (TTD)

    Once the Elimination Period has been satisfied, the monthly benefits will begin and are paid out until the Benefit Period has been exhausted or Total Disability ends, whichever the sooner. *

  • Lump Sum Benefit Overview

    Should the obligation be longer than policy term a Lump Sum benefit will be needed to be combined with Monthly Benefit to ensure full loan amount is covered. Payout is triggered by the exhaustion of the Monthly Benefit (TTD). *

*Summary language reflecting product definitions, not exact replica of Policy Wording

For more info about our Loan Indemnification Insurance program, download our brochure

Download Brochure