Disability insurance
Disability insurance can help cover your loan payments if you have an illness or injury that prevents you from working (as long as the disability is covered by the plan). With Fairstone, no medical exam or questionnaire is required to add disability insurance to your loan, so past medical history won’t be taken into consideration (note: mortgage loans require a short medical questionnaire, but no medical exam is required).
Job loss insurance
Losing a job is stressful. Luckily, job loss insurance can help cover your loan payments if you are involuntary unemployed.
Life insurance
If you die before paying off your loan, life insurance will pay the outstanding balance of your loan, lessening the burden on your family or estate and protecting their financial wellbeing during this stressful time.*