Yes. Payment Protection is available for automotive loans. There are two main forms of Payment Protection:
Credit term life insurance takes care of or decreases a debtor’s loan balance in the event that debtor dies. Joint Credit term life insurance protects both a co-borrower and borrower if both are called in the application for the loan and tend to be jointly and independently liable underneath the loan.
Payment Protection Qualities Include:
- Optimum loan terms and loan stability (for credit life) and agreement limitation (for credit impairment) vary by standard bank and will differ by state. Look at your Payment Protection plan parameters for certain information on your plan.
- A exam that is medical not often needed although overall health concerns might be expected.
- Solitary and coverage that is joint obtainable in all states for credit life insurance policies.