Optional Credit Insurance
and Ancillary Products

Credit Insurance Products

Lendmark offers credit insurance products to eligible individuals for purchase at loan closing. The purchase of these products is completely optional and not a condition of loan approval or funding. These insurance products are offered on behalf of Securian Financial Group, Inc. The insurance products we offer are credit life insurance, credit disability insurance or accident and health coverage, involuntary unemployment insurance, and vehicle single interest insurance. Lendmark also offers guaranteed asset protection or GAP, which may be purchased as insurance or waiver depending on your state of residence.

Securian Financial is the marketing name for Securian Financial Group, and its subsidiaries.
Minnesota Life Insurance Company and Securian Life Insurance Company are subsidiaries of Securian Financial Group. 2875260 4/2023

Insurance products are issued by Minnesota Life Insurance Company or Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. Paul, MN. Property and casualty insurance products are issued by Securian Casualty Company, a New York authorized insurer. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues. Product availability and features may vary by state.

Insurance Products

Credit Life and Disability Insurance

Credit life insurance pays the covered balance of the loan upon the death of the insured borrower during the coverage term. Exclusions do apply for specific causes of death.
Credit disability insurance, also known as accident and health insurance, covers the loan payments for a specified period of time while the insured borrower is unable to work as a result of a covered illness or injury that last beyond an applicable waiting period.

Insurance Products

Credit Involuntary Unemployment Insurance (IUI)

Credit involuntary unemployment insurance, commonly referred to as IUI, covers a stated number of loan payments in the event of a qualifying job loss due to no fault of your own (e.g., layoff) for a period of time that lasts longer than an applicable waiting period.

Insurance Products

Guaranteed Asset Protection (GAP)

Guaranteed asset protection, commonly referred to as GAP, is designed to cover the "gap" between the vehicle’s value and the amount you still owe on your loan. Under those circumstances, GAP coverage pays for the difference between the value of your car at the time of loss and the remaining loan balance, subject to certain limitations and conditions.

Insurance Products

Vehicle/Vendor Single Interest (VSI)

Vehicle Single Interest (VSI) insurance protects the lender by covering the balance on the loan up to a stated limit in the event of uninsured vehicle damage to the vehicle securing the loan.

If you need to file a claim for any of the benefits associated with the products, please contact your local branch. If you wish to cancel any purchased products, please call our customer service line at 1-866-413-8340 for assistance. For information related to the Auto Plus or Home and Auto Plans, please contact FIMC directly.

Insurance Products

Auto Plus & Home and Auto Plans

FIMC provides the Home & Auto and Auto Plus membership plans with benefits and services related to common – but unexpected – life events impacting your home and vehicle. Plan limitations vary by state. FIMC benefits and services are administered by, or provided through, Home Benefits, LLC., and The American Traveler Motor Club, LLC. (in Alabama, benefits and services are administered through ATMC-Alabama, Inc.), subsidiaries of FIMC Partners, LP.

This is administered by FIMC

For information related to the Auto Plus or Home and Auto Plans or to cancel a purchased membership plan, please contact FIMC directly at 1-800-621-5287.

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