Protecting your family and your peace of mind.
Headquartered in Fort Smith, Arkansas, Foundation Life Insurance Company of Arkansas was incorporated in 1925 and has been serving our customers since 1959.
Our reputation has been built upon providing quality credit and mortgage life insurance products and customer service to individuals, banks, and automobile and furniture dealers in the State of Arkansas. We are committed to providing the best service and support for all of our insurance products.
Lender-Placed Collateral Protection
Insurance that protects the creditor by providing coverage against loss, expense, or damage to collateralized personal property. This coverage is purchased by the creditor according to the terms of the credit agreement, when the debtor fails to provide required physical damage insurance on the collateral, with the costs of the coverage being charged to the debtor. This program complies with existing laws and court rulings.
Lenders Single Interest
Often called blanket single interest coverage, LSI protects lenders from financial losses due to uninsured physical damage to the loan collateral. With this product, the lender purchases coverage for all loans secured by property as collateral, and the lender pays the insurer a flat premium rate per loan. For the benefits to be payable, the loan must be in default, the property must be repossessed, and the creditor must have suffered an impairment of interest. The LSI policy covers the difference between the value of the property at repossession, and the loan balance at the time of repossession.
Extended Auto Warranty
This is the most comprehensive extended warranty coverage for all makes and models of automobile so that you will be able to enjoy your new purchase and have "Peace of Mind" because even the most reliable vehicle can develop a mechanical problem. No matter where you travel in the United States, you are protected against major mechanical expenses, and there is no deductible on covered parts and labor.
GAP Insurance
Insurance which provides protection for lenders and borrowers from financial losses resulting from deficiency balances that arise when there is a difference between the actual cash value of an automobile and the loan balance owed at the time of total loss or non recovered theft.
Term life insurance purchased in conjunction with a consumer credit transaction, which provides a death benefit sufficient to pay off or reduce the obligation in the event of an insured's death during the term of the coverage. Foundation Life offers gross pay credit life insurance.
Disability insurance purchased in conjunction with a consumer credit transaction, which provides a daily benefit for continued disability of the insured during the term of coverage.
Burial life insurance, also known as final expense insurance or funeral insurance, provides you and your family with affordable life protection and it pays in addition to all other insurance you may have.