Credit Insurance Benefits in Coeur d'Alene, ID
Nexus Financial can tailor your loan to include protections in the event you become unemployed, get injured or sick, or pass away. These insurances can make a big difference to keep your credit in good standing and your give you a piece of mind. The protections will make your payments when your income may be reduced due to these various reasons. We have you covered!
Our Credit Life
The credit insurance pays off the loan in the event a covered borrower passes away plus unearned interest as well. The beneficiary walks away with the title if it was secured and a check for the total amount of the loan including interest minus current payoff at time of death.
Our Credit Accident and Health
Credit insurance will cover the primary borrower in the event they are unable to work after 7 days of a sickness or accident taking place and under the care of a physician. The insured payments up to $350 per month will be paid directly to Nexus until the insured is back to work. This insurance will remain in effect until the borrower is back to work or the loan is paid in full whichever happens first.
After being unemployed for at least 31 days and have proof of 4 unemployment payments being made to the insured by the unemployment dept. this insurance will make the payments based on the term of the insureds loan.
See below for forms and further information that you may need to assist you in involuntary unemployment and/or disability claims.