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Credit insurance

It pays when your borrowers can’t

Credit insurance ensures your borrowers’ loan balances are paid off or reduced if they die, become disabled or are involuntarily unemployed, protecting both your institution and the borrower from the risk of a covered loan ending up in default.

Credit life and disability

These products are available for installment loans, lines of credit, credit card loans and certain types of real-estate secured loans.

  • Credit life insurance pays off or reduces the loan balance upon death of the borrower.
  • Credit disability insurance pays or reduces the monthly loan payment if the insured borrower is disabled.

These products are also available to protect a borrower and a co-borrower if both are named on the loan application.

Credit property

Credit property protects borrowers from loss or damage to personal property such as a vehicle, furniture, appliances, and other household goods that are purchased with loan proceeds and taken as collateral for a loan.

  • Single interest coverage protects only the insured lender’s interest in the collateral.
  • Dual interest coverage protects the insured lender and the insured borrower’s interest in the property.

Credit involuntary unemployment

If a borrower faces involuntary unemployment, credit involuntary unemployment insurance provides a monthly loan payment benefit or loan pay-off on closed- and open-end consumer loans.


Credit insurance products are offered through our affiliates, including Minnesota Life Insurance Company, Securian Life Insurance Company, Securian Casualty Company and Southern Pioneer Life Insurance Company.