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PRODUCTS

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Term life insurance purchased in conjunction with a consumer credit transaction, which provides a death benefit sufficient to pay off or reduce the obligation in the event of an insured's death during the term of the coverage. Foundation Life offers gross pay credit life insurance.

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Disability insurance purchased in conjunction with a consumer credit transaction, which provides a daily benefit for continued disability of the insured during the term of coverage. This coverage can only be purchased in conjunction with Credit Life Insurance.

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Group Mortgage Life Insurance purchased outside the real estate loan, which provides a death benefit sufficient to pay off or reduce the obligation in the event of an insured’s death during the term of the coverage. The policy premium is paid directly by the consumer, by bank draft.

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Burial life insurance, also known as final expense insurance or funeral insurance, provides you and your family with affordable life protection and it pays in addition to all other insurance you may have. This simple plan is designed for expenses like medical bills, credit card debt and funeral costs. The coverage can help protect loved ones from future financial burdens.

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Insurance that protects the creditor by providing coverage against loss, expense, or damage to collateralized personal property. This coverage is purchased by the creditor according to the terms of the credit agreement, when the debtor fails to provide required physical damage insurance on the collateral, with the costs of the coverage being charged to the debtor. This program complies with existing laws and court rulings.

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Single premium insurance is a decreasing product that is available for long-term loans. The premiums for single premium insurance are added to the customer's loan.

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Often called blanket single interest coverage, LSI protects lenders from financial losses due to uninsured physical damage to the loan collateral. With this product, the lender purchases coverage for all loans secured by property as collateral, and the lender pays the insurer a flat premium rate per loan. For the benefits to be payable, the loan must be in default, the property must be repossessed, and the creditor must have suffered an impairment of interest. The LSI policy covers the difference between the value of the property at repossession, and the loan balance at the time of repossession.

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This is the most comprehensive extended warranty coverage for all makes and models of automobile so that you will be able to enjoy your new purchase and have “Peace of Mind” because even the most reliable vehicle can develop a mechanical problem. No matter where you travel in the United States, you are protected against major mechanical expenses, and there is no deductible on covered parts and labor.

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GAP Insurance provides protection for lenders and borrowers from financial losses resulting from deficiency balances that arise when there is a difference between the actual cash value of an automobile and the loan balance owed at the time of total loss or non recovered theft.