Creditor Insurance

Creditor insurance is an optional coverage that can help pay down your balance or cover your monthly payments on your mortgage/loan/line of credit if you lose your job, pass away or are recovering from a covered critical illness or disability.

Some coverages can be purchased alone, and others come only as a package. For instance, you can purchase life insurance by itself or combined with critical illness insurance where applicable, but you can’t purchase critical illness insurance on its own – it can only be purchased together with life insurance. Likewise, you can purchase disability insurance by itself or combined with job loss insurance where applicable, but you can only purchase job loss insurance together with disability insurance – not on its own.