Protect Your Funding
Protect Your Future
Safeguard your funding payments against unforeseen events like job loss, disability, or critical illness.
What is Funding Protection Insurance?
An optional insurance that covers your monthly funding payments if you're unable to work due to unexpected life events.
Life is unpredictable. Funding Protection Insurance ensures that your financial obligations are met even when you face job loss, disability, or critical illness. This coverage protects your credit score and provides invaluable peace of mind for you and your family.
With our trusted insurance partners, you can add this protection to any personal or business funding at the time of application.
- ✓ Covers monthly repayments
- ✓ Protects your credit rating
- ✓ Affordable premium added to your payment
- ✓ No medical exam for most applicants
What Does It Cover?
Funding Protection Insurance is designed for life's unexpected moments.
*Coverage varies by plan and provider. Full terms provided upon enrollment.
Key Benefits
Credit Score Protection
Late or missed payments won't hurt your credit history because your insurance covers them.
Direct Payment to Lender
Benefits are paid directly to BRICS Mutual Benefit, so you don't have to manage extra paperwork.
Quick Claim Processing
Most claims are processed within 5-7 business days. We make the process simple.
Flexible Coverage Period
Coverage can be added for the full funding term or renewed annually.
How Funding Protection Works
Add Protection
Select Funding Protection Insurance when you apply for your funding.
Pay Small Premium
A small monthly premium is added to your regular payment (typically 3-5% of payment).
Life Happens
If you experience a covered event, simply file a claim with documentation.
We Cover Payments
Once approved, we make your funding payments for up to 12 months.
Frequently Asked Questions
Is Funding Protection Insurance mandatory?
No, it's completely optional. However, we strongly recommend it to protect yourself against unforeseen circumstances that could affect your ability to repay.
How much does it cost?
The premium is typically 3% to 5% of your monthly payment amount. For example, if your monthly payment is $500, the insurance adds $15-$25 per month.
How long does coverage last?
Coverage lasts for the duration of your funding term. You can also cancel at any time with 30 days notice.
What's the claims process?
Submit a claim form along with supporting documents (e.g., termination letter, doctor's note). Most claims are approved within 7 business days. Our team assists you every step.
Are there any exclusions?
Pre-existing conditions may have limited coverage. Full exclusions are outlined in your policy document. Contact us for specific questions.
Why Get Funding Protection Through BRICS?
Trusted Partners
We work only with established, NCR-registered insurance providers.
Simple Enrollment
Add coverage in minutes during your funding application — no extra paperwork.
Dedicated Support
Our team helps you file claims and answers questions about your coverage.
With vs. Without Funding Protection
Ready to Get Protected?
Our team can help you understand which insurance options are best suited for your funding type and personal situation.
✔ Add protection at checkout • ✔ Cancel anytime • ✔ No hidden fees