No one wants to leave family and loved ones burdened with debt. Butterfield Line Balance Protection provides peace of mind by helping to meet your obligations in the event of your death.*
The policy will pay the lesser of your final outstanding balance or the average of your last 6 months’ outstanding balance, up to $500,000.00.**
Coverage is available to individuals and their spouses who are Butterfield Line customers and aged 18 to 64. It does not extend to partnerships, corporations or other businesses.
As Butterfield Line Balance Protection is a group plan, the premium is a modest percentage of your monthly statement balance, and is billed directly to your Butterfield Line monthly statement
For further information please visit your local Banking Centre or contact Consumer Credit at (441) 295-1111.
FM personal insurance policies are underwritten by Freisenbruch-Meyer Insurance Limited (FMIL), a FM company which is licensed to conduct insurance business by the Bermuda Monetary Authority. The Bank of N.T. Butterfield & Son Limited is a separate legal entity and does not guarantee the obligations of FMIL or FM. The Bank of N.T. Butterfield & Son Limited is licensed to conduct banking business by the Bermuda Monetary Authority.
*Death resulting from suicide during the first 24 months of cover is specifically excluded.
**Subject to actual policy terms and conditions.