CREDIT LIFE & DISABILITY
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.