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Insurance
Programs
Life Insurance
Life
insurance is available to anyone who has a Louisiana Ag Credit loan.
Our insurance products are designed to give you an excellent value
for your insurance dollar. Credit life insurance pays the outstanding
debt amount, up to the policy limit for short and intermediate term
loans. We also offer term life insurance for our customers who desire
$75,000 or more coverage at competitive prices, guaranteed renewable
and with continued coverage after your Ag Credit loan is paid in
full. Our loan officers will be glad to provide you with details
and our affordable prices upon request.
Crop Insurance
Crop insurance is highly recommended as a way to help borrowers
meet their financial obligations in the event that income is interrupted
by natural circumstances. Louisiana Ag Credit offers two types of
crop insurance:
Multi-Peril
Crop Insurance
Insures crops against loss due to adverse weather (including hail
and wind), fire, insects, wildlife, earthquake, plant disease,
volcanic eruption and failure of irrigation water supply. Multiple
levels of coverage allow you to match your coverage and cost to
the level of risk with which you are comfortable.
Crop Hail
Insurance
Insures crops against loss due to hail, fire, lightning and transit.
Insurance can be purchased any time prior to harvest, allowing
the producer to determine the quality of the crop before insuring
it. The premium can be paid after harvest, when cash flow is typically
the greatest.
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