PRODUCTS
- Credit Life
- Credit Disability
- Debt Protection (General)
- Home Equity Protect
- Debt Protection (Vehicle Lending)
- Mortgage AD
- Mortgage Life
Credit Life Insurance
Life is anything but predictable – that’s what makes Credit Life Insurance so valuable. The coverage offers your members/customers the financial protection they need to help pay off or reduce their loans in the event of their covered death. With very few administrative duties required, Credit Life Insurance is the perfect way for you to collect additional fee-income while reducing your risks. Moreover, you form a valuable business relationship with your member/customer by offering them insurance that will serve their family when it’s needed most.
Credit Disability Insurance
Promoting Credit Disability Insurance is one of the most simple and inexpensive ways that your organization can generate additional fee-income while improving member/customer relations. By promoting Credit Disability Insurance, you help ensure more loan payments will be made should the consumer become disabled due to a covered accident or debilitating illness. Credit Insurance helps protect your bottom line and promotes a healthy financial partnership between you and your member/customer.
Debt Protection (General)
Debt Protection offers the benefits of credit insurance with greater program flexibility. It allows you to reduce or discharge a member/customer’s debt in the event of death, disability, involuntary unemployment or family medical leave of absence, and provides safeguards in the event such losses impact the member/customer’s ability to repay loan obligations. This protection can provide your organization a competitive marketing advantage by delivering the flexibility to address additional consumer needs.
Home Equity Protect
The increased popularity of home equity credit lines and home equity loans has revealed the lack of affordable credit insurance products to help customers protect the loan and their equity. With Home Equity Protect, we can offer a unique Debt Cancellation product especially suited for that need – one that will appeal to you and your members/customers.
Debt Protection (Vehicle Lending)
Maximize the profitability of the products you offer to help protect that investment with Vehicle Loan Protect. Vehicle Loan Protect from Transamerica Life & Protection is an affordable complement for your vehicle lending program that is easy to offer and administer.
The program parameters are standardized, allowing you to offer this program without a lengthy implementation. And, you can offer Vehicle Loan Protect in conjunction with your existing credit insurance program or independent of other programs.
Mortgage Life and Disability Insurance
Help members/customers protect their largest asset – their home. Mortgage Life and Disability Insurance helps provide the benefits to reduce or pay off the member's/customer's mortgage should a covered death or disability occur – not only protecting the family home, but leaving other coverage available for other living expenses.
Mortgage Accidental Death Insurance
In today's economy, many homeowners are stretched by their mortgage to the point that the additional monthly cost of insurance coverage is not an option. Mortgage Accidental Death Insurance changes that. It is affordable coverage that is available to almost everyone. Regardless of health or occupation, consumers are eligible for Mortgage Accidental Death insurance if they are between the ages of 18 and 69. For convenience, the premium is automatically deducted from the checking or savings account specified by the member/customer.
