About the Webinar
In this webinar, Kris Nelson, Second Vice President and Actuary of Securian Financial Group, shares her expertise on Payment Protection and the benefit to financial institutions. Recent studies indicate that U.S. households struggle to manage their finances and plan for unexpected events. 40% of households say an unforeseen $400 expense would be challenging to pay off in the same month. 50% of consumers say they would have immediate or near immediate trouble paying living expenses if their primary wage earner died. Credit protection products can help families manage their finances, and avoid delinquency and default. From this webinar, you’ll learn:
- What Payment Protection is, and the differences between credit insurance and debt protection
- What members need and want
- How members gain value
- Next steps for your institution, including best practices and compliance