top of page
Car Park

CREDIT LIFE & DISABILITY

NEW--Independent-Dealerships-WHITE.png

CREDIT LIFE AND DISABILITY

Life is full of unexpected events, and sometimes circumstances beyond our control can impact our ability to fulfill financial obligations. When a customer faces illness or disability that prevents them from making vehicle payments, credit life and disability insurance steps in to provide financial support. This insurance coverage ensures that the individual is not burdened with the responsibility of repaying the loan and protects their credit rating by paying off the remaining balance in full to the lienholder.

By incorporating the payment of premiums into the customer's monthly payments, you provide them with the reassurance of coverage for unforeseen events. Credit life and disability insurance acts as a safety net, offering peace of mind to both the customer and the lender in the face of unexpected circumstances.

Protecting your customers' financial well-being and creditworthiness is crucial, and credit life and disability insurance serves as a valuable tool in achieving that goal.

Sunset on Motorway

CONTACT
REINSURANCE SPECIALTIES™

CONTACT US

Email: info@resinsurancespecialties.com
Tel:  405.849.6345

For any general inquiries, please fill in the following contact form:

© 2024 by Reinsurance Specialties   

PORC insurance and alternative risk transfer planning involves sophisticated insurance and risk management issues, regulatory and corporate legal issues, federal, state and usually international tax issues, and a wide range of accounting and financial issues. This planning is specific to each set of circumstances. It is not appropriate to apply general information described herein to any particular situation. The formation of a captive is a part of a client’s implementation of alternative risk transfer planning, and is dwarfed by its ongoing operations. As a result, this planning should not be undertaken without a competent team of professionals who have extensive experience in alternative risk transfer planning.

The information herein is general in nature, and may not be relied on for any specific use. The content herein (including graphics) does not purport to show all details and complexity in establishing a compliant alternative risk transfer program. Reinsurance Specialties™ is not engaged in rendering legal services or advice.

 

Disclosure under IRS Circular 230: The information and services offered are not intended to and do not comply with the U.S. Treasury Department’s technical requirements for a formal legal opinion, and cannot be used by a taxpayer to avoid any penalty that might be imposed on a taxpayer. Nothing herein may be used in promoting, marketing or recommending an investment plan or arrangement.

bottom of page