Credit Insurance

What Credit Insurance does for you

Life is unpredictable. Credit Insurance helps ensure that an unexpected hardship doesn’t place added financial burden on the people who matter most to you.

Credit Insurance is optional coverage you can add to any eligible loan, and there are two types of coverage available: Credit Life and Credit Disability Insurance.



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Coverage options

Credit Life Insurance

Credit Life Insurance pays off your outstanding loan balance if you pass away, so your family won’t inherit the debt. This helps ensure financial stability for your loved ones as they navigate a challenging life event.

Credit Disability Insurance

Credit Disability Insurance makes your monthly loan payments if an unexpected injury or illness disrupts your ability to earn income. It’s valuable coverage that prevents a health setback from becoming a financial crisis.

How it works

Credit Insurance is designed to be straightforward and accessible.

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Cost is included in your monthly payment

There is no additional upfront cost or separate payment for coverage. The expense is rolled into your monthly loan payment.

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Rate is determined based on loan balance

Rates are based on the outstanding loan balance—not age, gender, occupation, or health. 

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Most Loans are eligible for coverage

You can add Credit Insurance to most of our loan offerings. Ask your loan advisor about eligibility.

Is Credit Insurance right for you?

Credit Insurance isn’t required, and it isn’t right for everyone. It may be worth considering if:

  • You share financial responsibilities with others
  • Your loan plays an important role in your household stability
  • You want added peace of mind without complexity

Our team is here to help you understand your options—so you can make an informed choice that aligns with your goals and values.

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How to add coverage

Ask a loan advisor about adding coverage

Adding Credit Insurance to an eligible loan is easy. Simply ask your loan advisor about adding coverage during loan closing. You may also add coverage to existing loans if you’re within 30 days of loan closing.

Have questions? Give us a call at 800-688-7228