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What is credit accident and health insurance, and is it required?

April 26, 2017Accident credit health insurance

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What is credit accident and health insurance, and is it required?

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If you become disabled due to a covered accident or illness, your Accident & Health Benefits will pay your monthly payments according to the terms and conditions of the certificate. Insurance acceptance is not a requirement for getting a loan, but the peace of mind and assistance in time of need provided by the insurance coverage should not be overlooked. Without the insurance, you will still be required to make your monthly payments in the event of a covered accident or illness. For pennies a day it is worth it!

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If you become disabled due to a covered accident or illness, your Accident & Health benefits will pay your monthly loan obligations according to the terms and conditions of the certificate. Insurance acceptance is NOT a requirement for getting a loan; it is completely optional.