Vehicle Loan Protect (VLP)

Vehicle Loan Protect is a package of Debt Protection products that is available to the borrower and co-borrower. The sales and enrollment process is easy with no health questions required.

Vehicle Loan Protect Includes:

Life Protection:

•  Accidental Death: Cancels the protected outstanding loan balance – up to $100,000 – in the event of death due to accidental injury.

•  Critical Period Death: Cancels the scheduled monthly loan payments, not to exceed $1,000 per month, in the event of protected death for up to six months per borrower. Pre-existing condition exclusion applies from the loan effective date.

Disability Protection:

•  Critical Period Accidental Disability: Cancels the scheduled monthly loan payment, not to exceed $1,000 per month, for up to six months per occurrence per borrower (a maximum of 12 monthly benefits applies). A 30-day elimination period applies.

 

Debt Protection Made Easy for Vehicle Lending 

Maximize the profitability of the products you offer and help protect that investment with Vehicle Loan Protect. Vehicle Loan Protect is an affordable complement for your vehicle lending program that is easy to offer and administer.

Call us today or email for more details, 888-753-7678.