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BMI Debtor

BMI Debtor, seeks to support its financial obligations by protecting the unpaid balance of the credit at the time of death or total and permanent disability. BMI Colombia will proceed to indemnify the financial institution, who will be the first beneficiary of the insurance for the total balance of the beliefs and the remaining difference will be transferred to the beneficiaries designated by the insured.

Brochure BMI Debtor PDF

Benefits

• Covers the debt for the unpaid balance with the financial institution in the event of a death from any cause or a total and permanent disability.
• Guarantee to protect the patrimony.
• Seeks to cover debts with heirs.
• Premiums leveled by the duration of the policy, generating great savings in the premium to be paid for the age reached each year.
• Fulfill the commitments to pay debts in the event of a total and permanent disability.
• It is issued with the benefit of automatic renewal for another period of the same duration, without insurability requirements.
• The insured value will be at least the value of the initial credit or consolidated debt.
• Includes suicide and homicide from the beginning of the term.
• The difference between the credit balance and the insured value will be transferred to the family or beneficiaries.

Who is it for?

• Natural or Legal Persons who require or have acquired a home loan or leasing or housing leasing, vehicle loans or free investment and need to support their assets due to death or total and permanent disability.
• Financial entities, employee funds and cooperatives with mortgage, vehicle or free investment lines of credit that wish to protect the unpaid balances of their debtors in the event of death or total and permanent disability.

Segment coverage for basic life:

The insured values are:

• From: US $30.000
• Up to: US $2,000,000

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