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Credit Card Creditor Life Insurance

The use of credit card as a payment method is growing at a phenomenal rate. Credit Card Creditor Life Insurance offers protection if an individual is unable to pay the credit card balance due to critical illness or death.

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Overview

Features

  • Repayment of outstanding credit card balance in the event of death or critical illness of up to J$5 million
  • Coverage of up to two persons on a credit card account
  • No medical underwriting required

Maximum Insurable Limit

The outstanding balance on the credit card at date of death, or diagnosis of a critical illness not exceeding J$5 million.

Enrollment

An enrollment form is completed for the primary and secondary cardholder. An enrollment certificate of insurance is issued to the cardholder(s) as proof of insurance.

Eligibility

Credit Cardholders who are between 18 and 70 years of age.

Termination of Insurance Coverage

Coverage terminates upon settlement of death or critical illness claim. Auto termination of coverage upon reaching age 71. Cancellation of the credit card.

Frequently asked questions

What is Credit Card Creditor Life Insurance?

JN Life’s Credit Card Creditor Life insurance policy provides repayment to the institution for the outstanding credit card balances in the event of death or a covered critical illness.

What is the maximum coverage amount for this plan?

This plan offers a maximum J$ 1 million in coverage.

What are the issue ages for the policy?

Primary and secondary card holders between the ages of 18-70 years are able to benefit from this plan.

What are the covered Critical Illnesses?

Cancer, Heart Attack and Stroke are the illnesses that are covered under this policy.

What are the billing options for this policy?

Billing options for this policy includes ACH, RTGS & Cheque.

What are the premium modes for this policy?

Premiums for this policy are due and payable monthly.

What are the features of this policy?

The policy allows for the coverage of both a primary and secondary card holder and does not require any evidence of insurability to be enforced.

Will a certificate be issued for this policy?

Yes, once enrolment is completed, a certificate will be issued for the policy.

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We provide peace of mind while ensuring that your loved ones are protected from the consequences of life’s unexpected turns. Let us guide you along your journey to finding the perfect coverage, because here, your life is valued.

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Be at ease knowing that we’ve got you covered. Invest in peace of mind today and protect what matters most.

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Call Us

(876) 733-7130

Find Us

26 Trafalgar Road, Kingston 10

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