Anne-Marie Saint-John, Alva, Long Island City, NY >
Pilot Program Offers New Clients No-Cost Insurance
For more than 30 years, Ascendus has been innovating to create financial ascension for all. With our newest innovation, we are proud to be the first CDFI in the U.S. to offer clients no-cost insurance products.
This pilot program is offering the first 120 qualifying clients who sign up two no-cost insurance policies: $50,000 Term Life insurance and $50,000 AD&D (accidental death and dismemberment) insurance. These policies will be provided at no additional cost. When qualifying clients make monthly, on-time loan payments, Ascendus will provide these no-cost insurance policies to help protect them from unplanned financial challenges. Without insurance, a death or critical injury of a family member can be financially devastating. But with an Ascendus loan, new and returning clients can receive protections to help them be more resilient in the face of such unforeseen events.
We’ve made it easy for qualifying clients. If they sign up for an account within 30 days of closing their loan and make on-time loan payments every month, they receive coverage for the duration of their loan at no additional cost. We don’t ask any medical questions, or require medical tests.
To quality, they must be a new or returning Ascendus client, 18-64 years old, a resident of New York State, and one of the first 500 new or returning clients to apply, sign up for the program, and be approved for a loan. In the future, we plan to offer these insurance protections to all new clients across the nation.
At Ascendus, not only do we empower business owners with access to capital, we support our clients with insurance products that boost their financial resilience: at no-additional cost to you.