DENVER – Aimbridge Financial Services, a division of The Aimbridge Group and a provider of insurance and financial programs to credit unions such as auto loans and leases and mortgages and insurance products, released its new debt cancellation product designed for credit unions – Credit Union Loan Protection. Credit Union Loan Protection is intended to be used as an addendum to a CU's auto loan contract. It waives up to six months of auto payments should the member experience events such as unemployment, disability, or death. Members have the option of substituting the six-month life benefit with a full life benefit. They can also add or substitute hospital sate coverage in some states. Aimbridge said it is among the first to offer a debt cancellation product on auto loans. The Aimbridge Group was formerly Bentley Networks Inc. Ambridge Financial Services is one of five divisions of the company.
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