Group Creditor Life Insurance

This insurance option is offered to our members with loans in excess of One Million Dollars ($1,000,000.00). 

Benefits and Features 

• If the Borrower dies before the loan is repaid, the proceeds from this insurance is paid to the Creditor to offset the outstanding loan amount.
• No Evidence limit-$18Million 
• Maximum enrolment age for new loans 69 years 
• For borrowers up to age 80 years
• Flat rate for any age–NO penalty for older borrowers
• Very low rate
• Secured and unsecured loans covered for the same low rate
• No waiting period

Conditions apply