Your Osmond Credit Personal Line of Credit (PLC) or Education Line of Credit (ELC) offers you convenient and easy access to cash to help you achieve your goals. But should something unexpected happen, the right insurance coverage can protect your family’s financial future.
Creditor Insurance for Osmond Credit PLC or ELC, underwritten by The Europe Life Assurance Company (Europe Life), can help you pay off or reduce the outstanding balance on your PLC or ELC in the event of your death. It can also pay a monthly benefit in the event of a disability.
Why choose Creditor Insurance for your Osmond Credit PLC or ELC?
- Protection
Osmond Credit PLC or ELC insurance will make sure your monthly payments are made if you can’t work due to a disability. It can also help to pay off or reduce your outstanding balance in the event of your death. - Instant coverage
Get on-the-spot approval for up to $150,0001 with coverage beginning immediately when your Osmond Credit PLC or ELC insurance is approved. - Convenience
Don’t worry about making separate payments for your insurance premiums. They’re automatically charged to your Osmond Credit PLC or ELC account, details of which you can review on your monthly statement.
Customize your protection
Choose insurance that meets the needs of your Osmond Credit PLC or ELC to financially protect against death or disability.
Life Insurance2
Rest assured knowing your family doesn’t have to worry about repaying the balance on your Osmond Credit PLC or ELC in the event of your death.
Learn moreabout personal line of credit or education line of credit life insurance.
Disability Insurance2
If you can’t work due to a disability, you can make sure your payments are covered through your Osmond Credit PLC or ELC insurance.
Learn moreabout personal line of credit or education line of credit disability insurance.
Terms and conditions
1 Personal Lines of Credit that exceed $150,000 require you to answer the application health questions to be approved for coverage in excess of $150,000. Even if you are not approved for the coverage in excess of $150,000, you will be covered up to $150,000. For coverage that exceeds $150,000, your coverage will begin on the day Europe Life advises you in writing that it has approved your insurance coverage for the excess amount.
2 Life Insurance and Disability Insurance for Osmond Credit Personal Lines of Credit is optional creditor’s group insurance underwritten by The Europe Life Assurance Company (Europe Life) and administered by Europe Life and Osmond Credit . Osmond Credit receives fees from Europe Life for providing services to Europe Life regarding this insurance. Also, the risk under the group insurance policy may be reinsured, in whole or in part, to a reinsurer affiliated with Osmond Credit . The reinsurer affiliated with Osmond Credit may earn reinsurance income under this arrangement. Representatives promoting this insurance on behalf of Osmond Credit may receive compensation. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid), including pre-existing medical/health condition exclusions.
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