Involuntary Unemploymemt Insurance

IUI is a credit insurance product that will reimburse the financial institution a monthly payment in the event an insured customer becomes involuntarily unemployed during the period of coverage.

 

IUI provides payment protection in the event of:

  • Individual or mass layoff

  • Customer’s loan payment will be made while they are out of work

  • Cost is not related to occupation

  • Helps protect customer’s credit rating

  • Pays benefits directly to the lender

  • There are no age restrictions

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