Credit Life And Disability Insurance For Auto Loan

Here at auto credit express we know this kind of information is helpful because for more than twenty years weve been assisting car shoppers with bad credit that are looking for online auto loans find those dealers that can offer then a real chance for auto loan approvals. As the balance of the loan decreases the amount of the credit life insurance decreases.

Credit Life And Credit Disability Insurance Explained

It can be one way to supplement your existing life and disability policies and give you that extra layer of protection.

Credit life and disability insurance for auto loan. These types of additional insurance products are optional to the consumer and are not required for you to be approved for an auto loan. Credit insurance is optional insurance that make your auto payments to your lender in certain situations such as if you die or become disabled. Credit life insurance is primarily sold by lenders and pays off the balance of a particular debt if you pass away.

Credit life insurance can be purchased when getting a loan for a vehicle such as a car or truck mortgage or unsecured debt including credit card debt. Current credit life and credit disability policy holders please call 1 800 323 5771 or visit protective asset protection. So what is credit disability insurance.

When you are applying for your auto loan you may be asked if you want to buy credit insurance. Dont let a disability damage your credit. Individual credit disability insurance from state farm provides you with funds to meet your loan obligations with payments going directly to your lender.

Similarly credit disability or unemployment insurance can help to cover loan payments if youre unable to work for a period of time. Credit life and disability insurance are optional products offered by car dealerships and lending institutions to pay off your auto loan in the case of death or disability. To protect your assets you might consider looking at credit insurance for your next loan.

For additional information please contact a state farm agent. Is it worth the extra 10 or so that would be added to a car loan in order to get credit life insurance and credit disability insurance. For a relatively young person looking to get the most out of their monthly car payment it seems that it would not be worthwhile.

Credit life insurance is a form of term life insurance.

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