TruStage introduces its newest lending solution, Payment Guard Insurance. The product is an innovation in digital lending insurance and an embedded insurance solution for digital lenders and borrowers.
It is designed to protect unexpected covered losses that can lead to defaults in lending. With TruStage Payment Guard Insurance, borrowers are protected in case of covered job loss or covered disability.
The Payment Guard solution is also designed to provide digital lenders with an immediate solution to cover borrowers when their loan is funded at no additional cost. The solution is customizable according to the lender’s budget and has a smooth no-code implementation.