In a statement, Security Bank said the insurance provides borrowers of SB Finance with financial security and protection whenever they take out a loan—as this will cover the loan balance of the borrower in the event of death or total and permanent disability.“We’re happy to partner with FWD Life Insurance to provide our clients with services that protect them from unforeseen events,” said SB Finance President and CEO Abbie Casanova.
The Group Credit Life Insurance is open to borrowers from 21 to 70 years old. To avail, borrowers simply need to fill out a form which will be reviewed and approved by FWD.
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