What is loan insurance?
Loan insurance helps you when uncertain circumstances such as a job loss, injury, or an accident arise. It ensures protection of your monthly loan payments and prevents further financial loss. To be qualified for loan insurance, you need to be between the ages of 18 – 59, work at least 21 hours per week, and require a loan for a mortgage, renovation, rent, student loan, or credit card purposes.
At MILIFE INSURANCE & INVESTMENT INC., we always recommend for our clients to check eligibility criteria and ask for help from our advisors if you find it difficult to choose an option. We are here to help and simplify your life in any way possible.