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Lender's Life Insurance

This unique insurance protection is designed to indemnify a lender for the balance of money at risk given a contractual business loan agreement. A premature death or disability of the borrower will usually trigger an immediate call on the loan. The protection of other business or personal assets becomes even more essential during this type of situation.



Often times there is a desperate need for urgency when dealing with a loan approval and the funding of the loan. Time is always of the essence and many times insurance protection is left unattended until the very end. The speed in which a Failure to Survive plan can be underwritten and bound usually can be measured in hours as opposed to weeks. Most applications are ready for issue within 24 – 48 hours. A one page application along with a copy of the loan agreement is all that is required. 

Appropriate when...


  • Coverage is needed immediately (within 24 – 48 hours)

  • Insurable interests need to remain confidential

  • Completing a medical exam or other underwriting would be an issue

  • Proposed insured is temporarily out of the country

  • Proposed insured must travel to war zones

  • Coverage is needed for a short period of time

  • Health issues are a concern

  • Issue limits are a concern 

General policy information & underwriting requirements



  • Term of coverage is up to 12 months

  • Benefit amount will not exceed the balance of the loan

  • Renewals are considered if extended coverage is needed

  • No medical exam or medical records are required to apply

  • A copy of the loan agreement is required

  • One page application 

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