The products offered by Firstbank Insurance are not bank deposits. They are not insured by the FDIC or by any other Federal Government agency. Nor are they insured by FirstBank Puerto Rico or by any of its subsidiaries.

Obtaining this insurance policy is optional and not a condition for credit approval. You may acquire the insurance policy either by the agent or a company of your preference. If you already have an insurance policy that covers all risks described here, you may not need additional insurance.

You may cancel this insurance policy during the first 30 days after receiving your certificate and we will reimburse or credit the full amount of the paid premium. The insurance policy may also be cancelled at any other moment. However, if the policy is cancelled after the first 30 days, we will reimburse or credit you the unused portion of your premium. If you finance your premium, it will be subject to the same finance charges as your debt.