Lender Protection Products

Single and Joint Credit Life

Offers life insurance benefits for borrowers on an installment loan. This life insurance policy is designed to be written on a single borrower or multiple borrowers to pay off debt upon the death of the borrower.

Single or Joint Credit Disability

Offers a monthly disability benefit for borrowers on installment loans. This credit insurance policy is designed to be written on a single borrower or multiple borrowers to make loan payments if a borrower becomes sick or disabled and is unable to work.

Helps protect a bank’s mortgage customers by reducing the outstanding mortgage balance in the event of a death or disability. It also helps protect a bank’s loan against charge-offs and delinquencies and is available on first- and second-residential mortgage loans.

Protects a bank’s consumer lending portfolio against loss when required for autos, boats, recreational vehicles, etc., when the borrower’s insurance is not in force at the time of a claim. Once coverage is verified at loan closing, no further insurance tracking is needed. It also protects the bank up to its outstanding balance in the event of default, damage or total loss to the bank’s collateral.

Protects a bank’s second mortgage loans, including open-end, closed-end, secured home improvement, unsecured home improvement and purchase money second mortgage loans.

Provides protection if a borrower’s collateral becomes upside down — where the insurance paid is less than the outstanding balance — in the event of a theft or total loss. This can be used for multiple types of consumer and commercial collateral.

Frost Financial

Privately Held Third-Party Administrator

Provides protection on a bank’s mortgage properties for physical loss when the primary insurance is found to be inadequate or not in force at the time of loss. The blanket feature in this product eliminates the requirement of the bank to track the primary insurance on the mortgaged property throughout the life of the loan.

Is an alternative to traditional credit insurance programs yet has similar benefits to the bank and its borrowers by helping to cancel or reduce the outstanding balance of a loan in the event of death, disability, hospitalization, involuntary unemployment and skilled nursing care.

This insurance protects the bank against physical damage to a mortgaged property. The bank procures the insurance on behalf of the borrower after it becomes aware that the borrower’s insurance has lapsed and the bank’s interest in the mortgaged property is no longer protected by standard homeowner’s insurance.

This insurance protects the bank against the risk of flood to a mortgaged property. The bank procures the insurance on behalf of the borrower after it becomes aware that the borrower’s insurance has lapsed and the bank’s interest in the mortgaged property is no longer protected by traditional flood insurance.

Protects a bank’s collateral against loss by physical damage, confiscations and failed skip-tracing. Collateral types include but are not limited to vehicles, recreational vehicles, trailers, mobile homes, farm equipment, aircraft and watercraft. The bank procures the insurance on behalf of the borrower after it becomes aware that the borrower’s traditional insurance has lapsed.