Joint Life Loan
Protection:
Joint Life Loan Protection Insurance
protects both the borrower and spouse, or any other co-borrower
who is jointly and equally responsible for repayment of
a loan. Should either named borrower die, the balance of
the loan is reduced or paid off subject to the coverage
limitations and policy maximum. This coverage is automatically
provided on all eligible new loans, as well as refinanced
loans. This “coverage built for two” is provided
to you and your co-borrower at no direct charge to either
of you.
|