Involuntary Unemployment Insurance

  • Credit Unions
  • Banks
  • Finance Companies
  • Auto Dealers
  • Utilities

Involuntary unemployment insurance is designed to reduce your organization's exposure to risk and loss, while providing your borrowers with assurance and protection against the uncertainty of unemployment. In the unfortunate circumstance that a borrower becomes involuntarily unemployed, this program pays their scheduled monthly payment to the creditor. This standalone program is designed specifically for closed-end lending and is administered on a single premium basis.

With involuntary unemployment insurance, you can begin protecting your borrowers immediately. It's quick and easy to implement and can provide:

  • Loan delinquency protection
  • Stronger relationships with your borrowers
  • Innovative and valuable service for your borrowers
  • Cost reduction and additional fee income

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