Say No to Loan Insurance

Say No to Loan Insurance When a borrower goes to a bank or other lending institution for a consumer loan, whether an unsecured personal loan, a car loan, or a mortgage, the lender always asks the borrower to initial a section which provides loan insurance in case of death or disability-at a fee, of course. If you become disabled or die and therefore cannot pay the loan payments, the insurance will pay them for you in the case of disability, and pay off the loan in case of death. Many bor