Loan and Line of Credit insurance is an easy and affordable way to protect yourself and your family from unexpected financial losses.
At Cambrian, our Personal Loan and Line of Credit Insurance programs offer life and disability protection for the outstanding insured balance of your loan or credit line. Having this security removes the financial burden from family members or business partners should anything happen to you.
Credit Life Insurance
Our Credit Life Insurance programs pays off the balance of insured loans, removing the financial burden from family members, in the event of your death.
Personal Loan Life Insurance
- Maximum coverage: $90,000
- Maximum issue age: 69
- Age coverage ceases: 70
- Program pays outstanding loan balance
- No health questions required
Line of Credit Life Insurance
- Maximum life insurance coverage: $500,000
- Maximum coverage: $100,000 (application age 65 through 69)
- Maximum issue age: 69
- Age coverage ceases: 70
- Program pays outstanding balance
- Minimal health questions required for coverage above $50,000
Credit Disability Insurance
Our Credit Disability Insurance makes your loan payments if you or your co-borrower are unable due to a disability caused by sickness or accident.
Personal Loan Disability Coverage
Our Credit Disability Insurance program for personal loans makes the monthly payments on insured loans, removing the financial burden from you and your family in the event you are disabled.
- Maximum coverage: $180,000
- Maximum issue age: 69
- Age coverage ceases: 65
- Program pays monthly payments to a maximum of 120 months
- No health questions required
Line of Credit Disability Coverage
Our Line of Credit Insurance program offers disability protection for the outstanding insured balance of your Accessline of Credit, which could remove the financial burden from family members or business partners.
- Maximum monthly benefit: $3,000
- Maximum term of benefits: 60 months
- Maximum issue age: 59
- Age coverage ceases: 65
- Elimination period (before benefits become payable): 30-day or 60-day non-retroactive
- Program pays 3% of outstanding loan balance at date of disability or pays minimum monthly payments
Cambrian keeps you covered.
Please inquire at your branch for more details.