Products and Services

Debt Protection

Debt protection programs are increasingly treated as a viable alternative to credit life insurance. As a lending product, not an insurance product, administrative and regulatory compliance is greatly simplified. This alternative also provides a way for lenders to augment income and effectively provide a broad menu of options to consumers.

Features:

Protects the lender and consumer in the event of death, disability, involuntary unemployment, leave of absence, hospitalization, terminal medical condition, etc. Turn-key services for program administration
Partial or full risk transfer via a Contractual Liability Policy from an A.M. Best A (Excellent) rated company
Benefit activation and processing
Assistance in product development and ongoing analysis, including management reports

Benefits:

Simplicity for greater flexibility
Uniform programs instead of state-by-state variations
Lower cost of administration
No insurance licensing requirements
No form filings
Program and pricing freedom
Affinity branding of debt cancellation products

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