Accompany Capital is pleased to provide new loan client with LifeGuardTM – a group term Life and Accidental Death & Dismemberment (AD&D) insurance policy for the duration of their loan, in partnership with Resilient. In return for being a client in good standing and repaying your loan on time each month, we will cover all the costs of either a $10,000 life insurance policy (with a $10,000 AD&D rider) or a $25,000 life insurance policy (with a $25,000 AD&D rider) depending on the size of your loan. There is no charge to you to take advantage of this benefit.
Accompany Capital will bear the full cost of all LifeGuardTM premium payments.
LifeGuardTM : No Stress Insurance
We’ve kept things simple: as a new Accompany Capital loan client, if you pay your monthly payment on time, you will be covered for the following month. If you make your first payment in January, your coverage will begin in February. When you make your February payment, you will be covered for March, and so on.
How LifeGuardTM Works
Sign up at the time of your loan closing with your loan officer.
Name your beneficiary (the person, or persons, you would like to receive the money) and decide if you would like your beneficiary to be automatically notified that the policy exists.
Make your first payment in Month 1 which will activate the insurance in Month 2.
Continue making payments on-time to keep your coverage active for the duration of your loan.
That’s it!
Yanki Tshering, CEO of Accompany Capital
A message from Yanki Tshering,
CEO of Accompany Capital
Offering LifeGuardTM - cost-free life insurance - in partnership with Resilient is an exciting next step in Accompany Capital’s commitment to creating pathways to prosperity for our clients.
As a CDFI, one of the important ways we differentiate ourselves from banks is that we don’t just make loans: we accompany those loans with a full range of additional financial tools, training, and programs that help build resilience and prosperity, and not just self-sufficiency. Having insurance provides an additional measure of security for small business entrepreneurs as they start a new business or grow an existing one.
In conversations with long-term friend and strategic advisor to Accompany Capital, the late Adina Abramowitz, we often talked about what “pathways to prosperity” truly means and what we can actively do to help our clients achieve overall financial health. Adding Life Insurance is an important step in fulfilling that mission, so we are honored to offer this important new benefit in Adina Abramowitz’ memory.