Line of Credit Protection Insurance

At Leonard Trust, our Line of Credit Protection Insurance offers peace of mind by safeguarding borrowers and their families from unexpected financial challenges. This insurance provides coverage for outstanding balances on lines of credit in unforeseen circumstances.

What is Line of Credit Protection Insurance?

• Coverage for Outstanding Balances: Line of Credit Protection Insurance covers the outstanding balance on your line of credit in situations like disability, critical illness, or death.
• Financial Security for Loved Ones: Protects your family from being burdened with your financial obligations in case of unexpected events.
• Tailored Protection: Designed to align with your line of credit, ensuring a specific level of coverage based on your borrowing needs.

Key Benefits of Line of Credit Protection Insurance

• Payment Assistance: Covers minimum payments or the outstanding balance on your line of credit during periods of disability or critical illness.
• Financial Relief: Provides financial assistance to your family by paying off the line of credit in the event of your death.
• Customizable Coverage: Tailor coverage to suit your specific borrowing requirements, ensuring adequate protection.

How Line of Credit Protection Insurance Works

• Coverage in Case of Disability or Critical Illness: Assists in making payments or covers the outstanding balance if you’re unable to work due to disability or critical illness.
• Death Benefit Coverage: Pays off the remaining balance on your line of credit in the event of your death, alleviating the financial burden on your family.

Obtaining Line of Credit Protection Insurance

1. Consultation: Schedule a consultation with a Leonard Trust insurance advisor to understand Line of Credit Protection Insurance and its benefits.
2. Policy Setup: Customize a policy aligned with your line of credit terms, ensuring suitable coverage for your financial obligations.
3. Peace of Mind: Gain assurance that your family won’t be burdened with your line of credit obligations in unexpected situations.

Secure Your Financial Future

Protect yourself and your loved ones from unexpected financial challenges with Leonard Trust’s Line of Credit Protection Insurance. Ensure that your outstanding balances are covered, providing financial security during difficult times.