Loan Plus: make sure all your loans are paid in the event of your death
Your family shouldn't be left with the burden of a loan to repay if you die. If you've borrowed from The Co-operative Bank you can get Loan Plus cover to ensure that your loan is taken care of in the event of your death.
Comprehensive cover
Loan Plus has a range of great benefits:
- Cover on the spot*: if your loan's approved, you can get Loan Plus on the spot with no health questions or doctor's visits.
- Additional to your life cover: if you've already got Life Insurance there's no need to go through the hassle of increasing the cover on your current policy - just ask for Loan Plus and you'll be covered from day one.
- Joint cover for joint loans: if your loan is in joint names, Loan Plus can cover both borrowers.
Competitive premiums
- Get it, then forget it: we add the one-off premium to your loan up front so there's nothing left to pay along the way.
- Repay your loan early and save: if you pay your loan off early we'll automatically refund the unexpired portion of your Loan Plus premium back to you - minus our administration fee.
Stress-free claims
It's easy to claim. Just call us on 0800 554 554.
Find out more - and get a free quote today
To get a free quote, and to see the Loan Plus Policy document, drop into your local branch, or call us today on 0800 554 554.
* Please refer to the Loan Plus Policy Document, and the Loan Plus Insurance Application (which is printed on the back page of the Credit Application form) for details of the exclusions that apply. Copies of these documents are available on request from your local branch.
This section contains summary information only. It is not a policy document and is not intended to be relied on. A specimen policy document is available from The Co-operative Bank. All claims are subject to the full terms of the policy. The information contained here is correct as at the date of publication. Loan Plus is underwritten by Co-operative Life Limited. Co-operative Life Limited reserves the right to change the terms of cover it offers in the future.
Interest rates and fees are subject to change. An Investment Statement and the current Disclosure Statement are available from any branch of The Co-operative Bank or can be downloaded here. For all lending products, The Co-operative Bank lending and insurance criteria, and fees apply. If a home loan is greater than 80% of the property's value, a low equity interest rate premium, will apply.
