Gain peace of mind when you insure you open-end consumer loan with Payment Protection. We offer two types of Payment Protection:
Credit Life Insurance pays off the insured balance on your loan if you die.
Credit Disability Insurance pays your monthly loan payments (up to $800 per loan) if you become ill or disabled and are unable to work.
Please contact Rivermark's
for more information.
Save money over other lender’s programs. Premiums are not paid up front for the entire loan term. Rather, premiums are paid monthly according to your outstanding loan balance at the end of each month. You only pay premiums for the time you have your loan.
You can cancel Payment Protection at any time.
Members qualify until the age of 70 for life insurance, and until the age of 66 for disability insurance.
Single and joint coverage available for both life and disability insurance.
Insured must be working to qualify for disability insurance.
Both life and disability insurance include a six month pre-existing condition provision.
This insurance is underwritten by Minnesota Life Insurance Company. With more than $342 billion of life insurance in force, Minnesota Life is one of the largest life insurance companies in America. Minnesota Life is highly rated by the major independent rating agencies that analyze the financial soundness and claims paying ability of insurance companies.
