Credit Life Insurance
There when you need us most
When life is going smoothly, it's hard to think about the "what ifs". TFS wants to help you and your family prepare for the unexpected. Our Credit Life Insurance can help your family pick up the pieces in the event of your death.
Credit Life Insurance pays the covered balance that is due on your finance or lease contract during the insurance term (within and up to specified limits and restrictions) and can ease the burden during a difficult time. Joint coverage is available. Please see the agreement for details.
Life's little details
- Securing coverage involves answering a few health-related questions and no physical exam is required to apply.
- Even if you have other insurance coverage, you can still receive TFS' Credit Life Insurance.
- This payment protection plan is available only at the time you purchase or lease your Toyota.
How to make the most of Life
Getting Credit Life Insurance is easy and can be done while financing or setting up your lease terms. Simply let Passport Toyota know and the cost of the plan can be figured into your monthly payment.* To file a claim, contact the Toyota Dealership where you purchased or leased your vehicle.
*Subject to credit approval. To obtain a program brochure, please see Passport Toyota
Credit Life insurance is not available through Toyota Financial Services in AL, FL, GA, NC, SC or HI. In these states, similar products may be available through other providers but terms will differ from our products. Please contact Passport Toyota for further details. Credit Life insurance is underwritten in the state of New York by Transamerica Financial Life Insurance Company's home office in Purchase, NY. In all other states, it is underwritten by Monumental Life Insurance Company's home office in Baltimore, MD or Transamerica Life Insurance Company's home office in Cedar Rapids, IA. This is a general description of TFS' Credit Life Insurance and not a solicitation. Exclusions and limitations apply. If you select and receive coverage, you will receive a certificate of insurance describing the coverage in entirety.
Toyota Financial Services is a service mark of Toyota Motor Insurance Services, Inc.