Credit Life and Disability Insurance

Offer Your Customer Protection They Will Value

No one wants to feel like the people they love and the things they’ve worked so hard for are at risk. You can give your borrowers the auto loan protection insurance—and peace of mind—they’re looking for. 

Everybody wins. 

In the event of an unexpected death, disablement or inability to continue working, credit life and disability insurance plans will absolve or reduce a borrower's remaining loans. The cost of the premium is included in the borrower's loan payments and, should a claim be required, benefits are paid directly to your financial institution.

And, the highly rated credit insurance programs offered through Red Rock Financial enable your organization to increase market penetration and grow revenue while protecting you against delinquencies and charge-offs.

Insurance types offered to lenders include:

• Credit life insurance to pay off or reduce the insured balance on a loan if the borrower dies.
• Joint credit life insurance to protect both the borrower and a co-borrower if both are named on the loan application.
• Credit disability insurance to make the monthly loan payment (up to the contract limit) on a loan if the borrower becomes ill or disabled and is unable to work.
• Joint credit disability insurance to protect both the borrower and a co-borrower if both are named on the loan application.

Help your borrowers prepare for the unexpected.

With the cost based on the amount and term of the loan, coverage is affordable and unrelated to age. Borrowers also appreciate that there are no payments when applying and the insurance charge is included in their monthly payment.