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The Regency Group provides programs
specifically designed to the lender’s industry, credit union, bank, finance
company, auto dealer or retail merchant
extending credit to its customers.
Regency contracts through established, well known reputable Providers to offer quality products and
services to the lender. CREDIT LIFE & ACCIDENT & HEALTH INSURANCE protects a borrower against financial hardship when an
unexpected illness or accident prevent the borrower from working, or should
the borrower die, pays off the loan A Single Premium Group Life Insurance term
program is offered for use with
HELOCs, first and second mortgages and loans not covered by the regular credit
life protection program. Coverage may
be continued if the loan is paid out early. Credit Property Insurance protects the borrower when, during the
course of a loan, the borrower sustains a loss to the property requiring its
repair or replacement and has no other insurance coverage. Vehicle GAP Program protects the vehicle owner or vehicle
leaser form extensive financial loss when a covered vehicle is determined by
the insurance carrier to be a total loss as a result of theft or
accident. Gap will pay the difference
between the vehicle’s loan/lease payoff and its actual cash value. Credit Involuntary
Unemployment Insurance (IUI) This coverage provides for a monthly benefit in the event
the insured becomes involuntarily unemployed.
The cause of unemployment must be involuntary, such as layoff, general
strike, termination by employer or lockout. Collateral Protection
Insurance (CPI) This product provides physical damage
coverage on automobiles and other vehicles held as collateral by a
lender. A lender may elect to purchase
CPI coverage to protect is interest in the collateral securing a loan when
the borrower has failed to obtain the required coverage. |
Credit Insurance Programs
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Phone: 800-426-9918 |
