Which Insurance Plan Should I Offer?
There are several insurance plans available. You should choose an insurance plan that best matches your borrower(s) needs. Make sure you are aware of the all insurance plans offered by your financial institution. For example:
- single life
- joint life
- single disability
- joint disability
- single life and single disability
- joint life and joint disability
- joint life and single disability
“Mr./Mrs. Borrower, based on your loan application, your monthly payment is $350 and that includes our valuable loan protection plan. Your loan protection plan covers you or your wife should either of you die and will make the monthly payment if the primary borrower should become disabled.”
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