No one wants to feel like the people they love and the things they’ve worked so hard for are at risk. You can give your borrowers the auto loan protection insurance—and peace of mind—they’re looking for.
Everybody wins.
In the event of an unexpected death, disablement or inability to continue working, credit life and disability insurance plans will absolve or reduce a borrower's remaining loans. The cost of the premium is included in the borrower's loan payments and, should a claim be required, benefits are paid directly to your financial institution.
And, the highly rated credit insurance programs offered through Red Rock Financial enable your organization to increase market penetration and grow revenue while protecting you against delinquencies and charge-offs.
With the cost based on the amount and term of the loan, coverage is affordable and unrelated to age. Borrowers also appreciate that there are no payments when applying and the insurance charge is included in their monthly payment.