FirstClose offers Credit Life and Disability Insurance from several leading sources. Through relationships with Southwest Business Corporation (SWBC), JT Miller and Company, and other providers, FirstClose offers insurance services that are second to none. Since fee income is generated for the lender, FirstClose provides bids so lenders can evaluate various revenue generating opportunities.

A key product to protect your borrowers

Credit insurance has been one of our partner’s core products since 1976. This coverage pays off a borrower’s loan in case of his or her death or makes payments if the borrower becomes disabled.

• Protects you from charge-offs
• Produces fee income to the lender
• Professional product and sales training for your staff

Credit Life - Pays off the loan in the event of the death of the borrower.

Credit Disability - Makes monthly loan payments during periods of disability or sickness

Credit Involuntary Unemployment Insurance (IUI) - Makes monthly loan payments during periods of involuntary employment.


Credit Monthly Outstanding Balance (MOB) - Monthly Credit Life and Disability for open end real estate loans and checking account loans.

Debt Cancellation Contracts (DCC) and Debt Suspension Agreements (DSA) - An alternative to credit insurance for use by national and state banks.

A+ A.M. Best rated insurance companies with third party administration capabilities. Complete loan officer training programs for all product lines.