Mortgage Credit
It covers your loan guaranteed by a mortgage.
Product summary
Group plan
The collective insurance of Mortgage Credit covers your loan guaranteed by a mortgage; a legal deed or escrow or another instrument that constitutes assessment or legal charge over your real estate and that is conceded by the Cooperative as a mortgage creditor.
The amortization period should not be 5 years but should not exceed 30 years.
Benefits
- The amount of Insurance could reach $250,000.
- Provides joint coverage.
- Provides the benefit to pay the balance of the loan at the death of the insured debtor.
Contract dispositions
- Should be working a minimum of 30 hours a week.
- Be in a state of good health.
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
Who can be the beneficiary of my life insurance?
You can designate as a beneficiary any natural person or any legal person, him or she being a legal beneficiary or not.
Who are under the coverage of Directors Insurance?
Only the employees and the Board of Directors. You can also include committee members, advisors, and consultants. The group decides when they are going to cover, but it is a requirement that the Board of Directors is covered to issue the policy.
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.
Does the cancer and pernicious illnesses cover ambulatory medical visits to doctor?
No, it only covers medical visits in hospitals that are not surgeons or oncologists.
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.
What is a beneficiary?
Is the person designated to receive the insurance in case of your death.
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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