It's an easy way to establish credit. This valuable coverage protects you, your family, your assets, and your credit rating. It is affordable, and the payment can be conveniently included in your monthly loan payment. No medical examination is required, so your protection usually begins on the day you close your loan. If you die before your loan is repaid, this coverage will pay off the existing loan balance.
Joint coverage is also available for the co-borrower.
If you become disabled, this coverage will make your monthly loan payments during your disability. You receive this benefit even if your employer continues your salary.