Credit Insurance
According to the Consumer Credit Insurance Association:
Our national debt is more than $5.6 trillion.
As consumers, we owe more than $1.5 trillion exclusive of mortgage debt.
In the past five years alone, our
combined consumer debt rose from
$1 trillion to $1.5 trillion.
One seventh of our consumer debt, $212 billion, is insured by credit
insurance.
The numbers emphasize that we are a nation whose economy is driven by consumer spending. Today, e-commerce
broadens the scope of ways in which to spend and charge what we pay for consumer goods and services. We
respond by purchasing, taking on more debt, and charging more and more. *
Our Products
Credit Life Insurance
Credit Disability Insurance
Age-Banded Credit Life
Guarantee Trust Life Insurance Company (GTL) has been marketing Credit Life products through its General
Agent network for over 40 years. GTL markets our credit life products through a network of independent General
Agents across the country, who represent GTL in hundreds of auto dealerships, credit unions, and banks across the
U.S.
GTL is also an active member of the Consumer Credit Insurance Association (CCIA). CCIA monitors the
regulatory agencies across the country and reports on issues that affect the industry. We take an active role by
informing our partners when regulatory changes occur.
Credit Life Insurance offers an affordable value and sensible protection for both closed and open end customer loans. Credit Life
Insurance insures that a borrower's insured debt will be repaid if the insured borrower dies. Back
Credit Disability Insurance insures that a borrower's insured debt payments will be made if the insured
borrower becomes disabled due to an accident or sickness. Back
Age-Banded Credit Life insurance is a life-only product for which the cost is based on the borrower's age.
Age-Banded is a sensible alternative for the RV and Marine markets. Licensing requirements are the same as regular credit life products. Back
For more information regarding Credit Insurance products, please contact us at 1-800-551-8274 and ask for
Reed Gass.
NOTE: Not all of our products are available in all states where we are licensed. The plans have exclusions,
limitations and terms under which the plan may be continued in force. Availability, Features, Benefits and Options
may vary by state. Please call the Credit Department at 1-800-551-8274 for plans' specifics, costs and complete
details.
* Source: "Credit Insurance". Consumer Credit Insurance Association.