Optional credit insurance and ancillary products

Optional credit insurance and ancillary products from Lendmark Financial Services
securian

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.

Healthcare professional in white uniform helping a patient with paperwork in a bright medical office setting

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 lasts beyond an applicable waiting period.

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.

Professional in business attire carrying a box with personal belongings after job loss
Person in business attire examining damage to a vehicle door

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.

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.

Two people examining damage to a car after an accident

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.

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 https://fimc.com/"FIMC".

This is administered by FIMC

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For CA Branches Only: Loans made or arranged pursuant to a California Financing law license. Licensed by the Virginia State Corporation Commission, License Number CFI-104. NMLS ID #167907.

Lendmark Financial Services is licensed in AL, AZ, CA, CO, FL, GA, ID, KY, LA, MD, MO, MS, NC, OH, PA, SC, TN, TX, UT, VA, WA, WI, and WV.

Maximum APRs on new loans will not exceed 35.99%. APRs vary by state law, loan amount, and your credit profile. Repayment terms range from a minimum of 12 months to a maximum of 72 months. Your credit history, income, debt obligations, collateral (if applicable), and prior loan experience are considered when determining eligibility and loan terms. There are no prepayment penalties.

Representative Example:
For a $4,500 loan with a 42-month term at a 29.00% interest rate, the APR is 33.10% (including permitted loan origination fees). You would make 42 monthly payments of $172.

Texas Example:
For a $4,500 loan at 30.26% APR with a finance charge of $2,848.00, you would make 42 monthly payments of $174.96, for a total payment of $7,348.00. The amount financed may not be the net proceeds paid to you if charges other than interest are included in the loan.

Fees: Origination or other allowable fees may apply based on state law and program guidelines.

Important: Missing payments may result in additional fees and negative credit reporting.

All loans are subject to credit approval, income verification, and underwriting standards, which include assessing your ability to repay the offered monthly payment. Loan amounts, rates, terms, and fees may vary by state and can change without notice. Collateral requirements may apply. Active-duty military, their spouse, or dependents covered by the Military Lending Act may not pledge any vehicle as collateral. This offer may not be valid if you opened a loan in the past 60 days. Your credit report will be accessed before opening a new loan account.

Loans are also available through Lendmark Financial Services of West Virginia, Inc. For CA Branches Only: Loans made or arranged pursuant to a California Financing Law license. Licensed by the Virginia State Corporation Commission License Number CFI-104. NMLS ID #167907.