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648 Kalaw Avenue, Ermita Manila

info@countrybankerslife.com.ph

8523-86-11 to 18

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Mortgage Redemption Insurance

It protects all lending businesses by assuming payment of the deceased debtor’s loan.

Features & Benefits

(Mortgage Redemption Insurance)

Each insured Mortgagor shall be covered in accordance with the loan schedule as submitted by the Creditor/Lender under which the death benefit shall be equal to the outstanding principal balance computed at the specified interest rate.

FULL PAYMENT OF LOAN BALANCE

The coverage amount is based on the theoretical balance of loan.

EFFECTIVITY DATE AND TERM OF COVERAGE

Starts on the date the loan is granted or the date the proceeds of the loan are released whichever is later.

FOR LONG TERM LOANS

Housing ,Car, Salary, Jewellery Loans etc

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Country Bankers Life Insurance Corporation