Disability Insurance
Carter County Bank strives to offer our customers the services they need for financial security as well as peace of mind. With our Credit Disability Insurance you can protect your family and your assets.
This insurance provides protection to debtors with installment loans by paying an amount based on the monthly indemnity, usually equal to the required monthly payment on the loan, in the event that the insured has become totally and permanently disabled. Coverage is available only on loans repayable on periodic equal installments. The benefit payable is for the actual number of days of total and permanent disability.
Policy Limits are as follows:
|
|
Monthly Disability
|
Issued Age
|
Maximum Term Decreasing |
Maximum Term Level |
Automatic Issue
|
| 18 - 59 |
60 Months |
$1,000 |
$2,500 |
| 60 - 64 |
48 Months |
$500 |
$2,500 |
Click here to read important disclosure informationYou can now get the loan process started before ever walking into one of our branch locations! Fill out our Online Loan Application now!