FORUM PROFILE

Credit Insurance for Life, Disability, or Unemployment

Viewing 1 post (of 1 total)
  • Author
    Posts
  • #34568
    jholzknecht
    Keymaster

    Single premium credit insurance has a few restrictions under federal laws, and some states prohibit the product. While it is not generally prohibited, it is considered to be a higher risk product. The sale of the product is not automatically considered an UDAAP practice, but it is higher risk. That is the point made in the risk assessment and the point I was making in the CMG session – it is not generally prohibited, but it is higher risk.

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.