Products and Services
Credit Life Insurance
This term “credit life insurance” is generally applied to any life, accident and health, and/or disability product that protects the borrower or borrower's survivor against loss due to death, or the inability to repay loans due to an accident or disability.
Credit insurance is almost always purchased at the time of loan origination and the premiums are typically financed by the particular lender and are included in the borrower's monthly payment. The amount of coverage is determined by the amount financed.
American Modern’s credit insurance polices are offered by our wholly-owned subsidiary, American Modern Life Insurance Company. These products are also distributed through our 2006 acquisition of Southern Pioneer Life Insurance Company.
Note To Certificate Holder/Contract Holder:
If you purchased single premium credit insurance, and have paid off your loan, you may be eligible for a refund of premium.
To find out if you qualify, contact the dealer or lender where you purchased your credit insurance coverage.
Or, send us a letter requesting a refund. Include a copy of your credit insurance certificate and a copy of your proof of payoff. In the letter, provide us with your current address and a daytime phone number where we can reach you if we need further information. Remember to sign and date the letter. Our mailing address is PO Box 5323, Cincinnati, OH 45201. Attn: Premium Refund Department.
If you can’t find your paperwork, or need help discussing this issue with your dealer or lender, call us at 800-890-6980, option 2.