Card and Credit Line
Insurance to reduce or pay off the balance that existed on the card, in case of an accident, death or inability.
Product summary
Group plan
If you're a co-op owner, this product protects the co-op from credit card losses in the event of death or the carpet becomes unusable.
Insurance pays the account balance upon your death, as the insured, up to the maximum amount of your policy to reduce or settle your debt balance, signed by the insured.
Benefits
- Life Insurance reduces or pays off the balance of your debt at the date of the debtor's insured death.
- In accidental death insurance, if the death occurs of the debtor insured because of an accident within 100 days from the date of the accident the designated beneficiary will be paid the same amount of life insurance that was paid to the tenor of the policy debts for the payoff of the balance. Insurance for loss of vision, hearing, and accidental dismemberment: Reduce or pay off debts balance at the time or date the loss of vision, hearing, and dismemberment of the insured debtor.
- Fatal and permanent physical inability: Reduce or pay off the debtor’s balance at the date debtor insured has a permanent physical and total inability that includes him to perform any job or any activity that needs economic remuneration for the rest of his life. This applies only to the principal debtor.
Available endorsements
What’s more, it offers two additional benefits through endorsement:
- Involuntary unemployed- It provides the minimum monthly payment required by the debtor under the guaranteed line of credit in the event of involuntary job loss due to involuntary unemployment: Somebody dismissal or massive employment, general strike, Employer termination, work dispute/employer, or employer closure.
- Pay for first time appearance of cancer: Pays the balance of the line of credit that the debtor had insured if has been diagnose positive with cancer for the first time will be one paid during the life of the insured.
Payment methods
These are the payment methods available to purchase your plan.
Frequently asked questions
We leave you some of the most frequently asked questions about our plans
When the Cooperative of Savings and Credit does not send a declaration od the heirs or a testament, to who’s name is the check made?
The check comes out under the Cooperatives names.
To acquire a life or accident insurance does it require a medical exam?
There are no insurance alternatives that guarantee emissions, so you can get insurance without a medical exam. It absorbs savings for future or health problems.
How can I convert my payment in a recurrent one?
To change your payment to a recurrent one, you should fill out a bank card form, select the day you which realize the order, which are 1, 7, 14 and 21 and the payment frequencies wish as monthly, quarterly, semestral, or annual.
What should I do if I want to reinstate my cancer policy or other type of Supplemental Insurance?
You just have to fill out the Reinstatement Application and send it in original format, with two payments of the premiums owed by regular mail to: Puerto Rico Life Insurance Cooperative, COSVI Attention Issuance Department PO Box 363428 San Juan, P.R. 00936-3428 You can also deliver it to any of our offices or through your authorized insurance agent.
Will the last loan be paid?
Yes, the last loan will be paid if the last loan has more than 12 months.
Which are the minimum hours that I could he hospitalized to be covered under Hospipago Policy?
You should stay in the emergency room for at least 24 hours. The minimum length of stay will start to be covered once the hospital orders it.
Steps to acquire your insurance
In just three steps, you can get the policy you are looking for.
Initial Consultation
In your initial orientation appointment, the objective is to establish good relations hear youcarefully and make adequate questions to know which you are needs a free consultation.
Evaluation
Depending on your needs, we evaluate the different products beneficial for you.
Presentation
Besides your resume, we will continue to evaluate all information provided to recover your situation and confirm your needs. We propose an action plan that identifies and explains different products and alternatives that meet your needs. If you agree with our recommendations, we help you get the product.
Orientación Inicial
En la cita inicial el objetivo es establecer una buena relación, escucharle detenidamente y hacerle las preguntas adecuadas para saber cuáles son sus necesidades.
Evaluación
Dependiendo sus necesidades, se evaluarán los diferentes productos de mayor beneficio para usted.
Presentación
Además, de resumir la situación, confirmar sus necesidades se procede a evaluar toda la información provista, se presenta un plan de acción en el que se identifican y explican los diferentes productos y alternativas que satisfagan sus necesidades. Si usted está de acuerdo con las recomendaciones, se le ayuda adquirir el producto.
What our clients are saying
Look what are insured have to say about our policies and our services.
I was treated very kindly and promptly.
Very well located and a wide variety of insurance products.
Good service, I won't let them.
Tremendous company. It is by appointment, at the moment, they are very helpful and fast, you do not waste time. Make an appointment by phone and that's it!!! Good service.
Excellent customer service.
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