Like any other businesses, ALGO Leasing and Finance, Inc. want to be assured and need some peace of mind that there will be no financial harm that will hit their organization in the event of a borrower’s unexpected death. It’s what every financial institution desires to protect the stability of their business. Realizing their need, ALGO insure its borrowers with a Credit Life Insurance package and chose the country’s leading life insurance company–Philam Life, as its insurer.
Philam Life as ALGO’s Credit Life Insurer
Philam Life’s Credit Life Insurance ensures that loans are paid, assets and possessions safeguarded, and businesses are kept intact. It is designed to protect lenders like ALGO from the possibility of unpaid loads in the event of a borrower’s sudden death. ALGO is a member of the Equicom Group and provides a range of competitive financial products to small and medium-sized enterprises.
Over the years, Philam Life has earned the trust of customers for its financial strength, strong brand name and ability to deliver on its promises to over 600,000 individual policyholders and over 1,700,000 insured group members. Philam Life understands the real-life needs of its customers and provides the right plans and the right solutions like Credit Life and Employee Benefits.
For more information on Philam Life’s Credit Life Insurance, please visit http://www.philamlife.com/en/business/products-and-services/credit-life/.