Mully, your best friend in insurance.

Debt is a scary word with even scarier consequences. That's why Mully is here to be your safety net so you can manage debt and focus on what’s really important.

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Why you need Mully

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Protect yourself

Get insurance for your loans so you can protect your credit score, and your loved ones, from life’s unexpected twists.

$
It's affordable

You can protect your debt for the price of a gallon of oat milk (or regular milk) every month.

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Get covered fast

Mully provides easy-to-obtain credit insurance so you can get covered within minutes!

How it works

Step 1

Tell us about you and the loan you want to protect.

Step 2

Select your coverage.

Step 3

Apply and get covered in minutes.

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$507

million of credit life and accidental & health direct losses were incurred in 2020. (Credit Life Insurance and Credit Accident & Health Insurance Experience 2016 – 2020 )

80%

of Americans have debt (The Pew Charitable Trusts 2015). 70% of Americans believe debt is a necessity in their lives, though would prefer not to have it. At the same time, a similar rate, 68% of Americans believe loans and credit cards have expanded their opportunities. (The Pew Charitable Trusts 2015)

FAQs

  • What is credit insurance?

Credit insurance protects you from default by paying off your debt in the event of involuntary unemployment, disability, and even death while keeping your credit score intact. There are several types of credit insurance but the three most common are: Credit Life Insurance, Credit Disability Insurance, and Credit Unemployment Insurance.

  • Is credit insurance required for me to take on a loan?
     

No it is not. Credit insurance is 100% voluntary and it is illegal to force you to purchase one in connection with any loan.
 

  • Do I need credit insurance?


It depends. Most people may have a life insurance policy that would provide a similar protection in the event of a death. But credit insurance protects you from other unexpected events like involuntary unemployment, disability, including death, events that make it difficult for someone to pay back their loans on time.
 

  • Why do I need credit insurance?


Much like with other types of insurance, credit insurance protects you when something unexpected happens. You purchase insurance for every major financial decision like buying a house, buying a car, renting an apartment, starting a business, even going to the doctor. So we thought, why not insurance for your everyday financial decisions? That's why we created MULLY, to minimize your exposure to risk and help you continue to live your life with minimal stress. Credit insurance also has an added benefit of keeping your credit score intact in the event of an unexpected situation.
 

  • I'm interested, how can I find out more?


We are still building out the MULLY offering please sign up for the waitlist!

 
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16%
15%

of Americans have bad credit defined as having a FICO score of between 300 - 579. The common causes of bad credit include late payment of bills, bankruptcy filing, charge-offs and defaulting on loans. (Experian 2019, CFI)

was the unemployment rate in April 2020, during the the beginning of the Pandemic. The unemployment rate decreased to 6.1% in April 2021, but is still almost double when compared to the 3.5% in February 2020, before the Pandemic. (Congressional Research Service 2021)

Mully is here to help you manage your personal financial situation.

Want to know if it’s right for you? Get a quote or email us!
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