Personal Banking - Life and Disability Insurance

BayCoast Bank offers you protection from the unexpected with products such as:

  • Mortgage Life Insurance term life insurance for homeowners.
  • Mortgage Disability Insurance coverage should you become disabled and unable to work.
  • Credit Life and Disability Insurance for customers with personal loans (secured and unsecured) and auto loans.

Mortgage Life and Mortgage Disability Insurance can be purchased as individual plans and payments are separate from the mortgage payment. These products are available for all new and existing mortgage customers. Single and joint coverage is available.

Credit Life Insurance can be purchased separately or with Disability Insurance. Credit Insurance can be factored into your monthly loan payment for just a few dollars extra per month.

To purchase any of the above products or for more information, contact our lending department at 508-678-7641.

Mortgage Insurance and Credit Insurance are not deposits or other obligations of or guaranteed by, BayCoast Bank or any of its affiliate. The Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States, the Depositors Insurance Fund (DIF), the Bank or its affiliates does not insure Mortgage Insurance or Credit Insurance. The Bank may not condition an extension of credit on your purchase of Mortgage Insurance or Credit Insurance, your agreement not to obtain, or a prohibition on you from obtaining Mortgage Insurance or Credit Insurance from an affiliated entity.

This is for informational purposes only and not an invitation or solicitation for insurance. Mortgage Insurance is decreasing term life and disability insurance and is underwritten by Monumental Life Insurance Company (Home Office - Cedar Rapids, IA). Benefits are paid to the beneficiary you select. You remain liable to pay the mortgage loan. Credit Insurance is underwritten and administered by Life Investors Insurance Company of America (Home Office - Cedar Rapids, IA). Exclusions, limitations and terms of availability apply to this coverage. For cost and complete details, contact your loan officer. Insurance products are available to financial institution customers in MA only.