Debt protection is a modern alternative to the highly regulated credit insurance products. The credit union can design the benefit packages offered to their members. The packages may include accidental life and disability benefits, full and limited coverage benefits, involuntary unemployment and family leave. In addition, CRI Solutions offers a low cost debt protection product specifically for Home Equity loans.
All of our Debt Protection clients also receive access to our web-based remittance and benefit activation tracking tool, which simplifies the administrative duties associated with a debt protection program and provides faster turn-around for member benefits.
CRI Solutions’ HEP is a Debt Protection product that is specifically designed to protect home equity lines and home equity loans. HEP gives your members a more affordable option to help them protect their loan and their equity, with higher coverage maximums than traditional credit insurance.
Benefits of HEP include:
- Provides Life and Disability Coverage
- No Health Statements
- Online Remittance and Claims
- Higher Limits Give Members More Protection
The offering of a variety of debt protection products to your member can be simplified for your staff with CRI Solutions’ QuoteMore menu selling application. To learn more about this new way to sell more product, CLICK HERE.
The personal relationship is great. I know that when I call up and need help, I’m going to get a friendly, knowledgeable person that is going to get the job done.
For more information about our products, solutions and services please feel free to contact us.