Debtor Balance Group Life
This insurance is granted to Financial Institutions to cover debt balances in case of the death of a client with a financial obligation, i.e. bank loan, credit card, or line of credit. The insured sum decreases as the principal of the loan is amortized.
Basic coverage
- Death from any cause
Optional Coverage Addendums
- Accidental Death and Dismemberment
- Accident Medical Expenses
- Cancer Benefit
- Daily Income for Hospitalization due to Accident or Illness
- Total and Permanent Disability Income Coverage
- Funeral Expenses