It's a Lending Product and Now It's a Book!

Debt Protection Products - A Practical Guide for Lenders

(2007,  softcover and hardcover, 287 pages, ISBN-13: 978-0-9798903-1-4; ISBN-10: 0-9798903-1-4)

Debt Protection Products is a practical guide to lenders wanting to develop a debt protection products program. Every lender extending consumer or home equity lines or loans recognizes the risk to both the borrower and the lender if the borrower experiences a life-altering event and cannot repay the debt. Using a debt protection product, the lender, in return for a fee, can contract with borrowers to cancel or suspend debt when certain protected events occur to the borrower. Following a kaleidoscope analogy, the book reveals the extensive design variations and their applications to different types of businesses. Although written mainly for lenders, Debt Protection Products is also a valuable resource for financial regulators, program administrators, insurers, reinsurers, and insurance regulators.