Lender Protection Insurance Coverage
Lenders can offer their clients an important advantage by providing financing for their clients’ life insurance premiums. However in doing so, lenders are exposed to certain risks that may result in the value of the collateral securing the loan being less than the amount due to the lender.
Lender Protection Insurance Coverage offers premium finance lenders protection from certain risks that may result in the value of the collateral securing the loan being less than the outstanding loan balance. Our program insures premium finance lenders when they provide financing for life insurance premiums, protecting them against certain risks that they might otherwise be unwilling to assume in connection with this type of loan.