| Involuntary Unemployment
Insurance - pays borrower's loan if they can't. Designed
to protect their financial status in the event your borrower
becomes involuntarily unemployed, due to layoff, termination
by employer, general strike, unionized labor dispute or lockout.
In times of economic uncertainty, more and more people face
the risk of being laid off. IUI means peace of mind because
your borrower's loan payment up to $750.00 per month is taken
care of. |
| Benefits depend on the term of coverage as follows: |
| Term |
Maximum Benefit |
| 12-15 |
12 Months |
| 16-21 |
13 Months |
| 22-27 |
14 Months |
| 28-33 |
15 Months |
| 34-39 |
16 Months |
| 40-45 |
17 Months |
| 46-60 |
18 Months |
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| Protect your borrower's savings and credit standing. To be
eligible, insured borrower must be involuntarily unemployed
for at least 30 (thirty) consecutive days and qualify for unemployment
benefits under your state's current laws. Borrower must remain
registered for the duration of the claim period. When they return
to work, IUI stops paying benefits. However, they will still
have their unused monthly benefits to fall back on in the event
they become involuntarily unemployed again before the loan is
paid off. The borrower pays the IUI premium as part of their
monthly loan payment, so its easy and convenient. **Please
contact us for current state rates. |
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