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Help in your time of need
Money is the last thing you or your family should worry about in a time of crisis. That's why we designed the Personal Loan Creditor Life Insurance and Disability Insurance. This invaluable protection takes care of you and your family in the event of death or disability by taking care of your HSBC personal loan. And payments are easy - your premiums are collected in arrears from the same account and on the same date as your monthly loan payment. If you repay your loan sooner than expected, a final pro-rated premium will be debited from your account on your next payment due date.
Personal Loan Life Insurance
In case of death, Personal Loan Life Insurance pays your HSBC loan balance in full to a maximum of $100,000. Whether you’re borrowing money for yourself or co-signing a loan to help a family member or close friend, Personal Loan Life Insurance helps protect your family from an unexpected financial burden.
Learn more about Personal Loan Life Insurance
Personal Loan Disability Insurance
Have you thought about what would happen if you became disabled and unable to work? Will the disability benefits from your employer be enough to cover your household expenses, plus your extra medical costs? Will you be able to make your regular debt payments and preserve your good credit history? With the Personal Loan Disability Insurance, your HSBC Personal Loan payments are covered for up to $2,000 a month for a maximum of 60 months. And benefits begin after a waiting period of only 30 days – truly a welcome help during a time of crisis.
Learn more about Personal Loan Disability Insurance
We're here to help
If you need help choosing or applying for one of our Creditor Insurance plans, or if you have any questions, we're here to help. Just give us a call toll-free at 1 888 310 HSBC (4722), or visit one of our branches.
