|Business Loan Insurance Plan1:
- Critical Illness Coverage with Life: Should an owner or key employee be diagnosed with a critical illness (heart attack, cancer or stroke), this valuable coverage provides up to $500,000 per insured person to help pay off outstanding loans.
- Disability Coverage with Life: If a disability prevents an owner from working, this coverage provides up to $7,000 per month for a maximum of 24 months per claim towards loan payments.
- Life Insurance : Should an owner or key employee pass away, life insurance provides up to $1,000,000 per insured person to help pay off outstanding loans.
Life insurance includes Accident Dismemberment Coverage at no additional cost. This coverage can pay up to $25,000 against the outstanding balance of an insured loan if an injured person suffers a single accidental dismemberment. This benefit can double to $50,000 in the event the insured person suffers a multiple accidental dismemberment.