Insurance Disclosure Statement
The insurance product you have purchased is not a deposit or other obligation of, or guaranteed by Lake Central Bank or its affiliates. The insurance product is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States, Lake Central Bank, or Lake Central Insurance Services, LLC. In the case of an insurance product or annuity that involves an investment risk, there is an investment risk associated with the product, including the possible loss of value.
Our agencies value you as a customer and have always safeguarded the information collected in order to provide you with the best possible products and services. Federal Legislation, the Gramm-Leach-Bliley Financial Modernization Act of 1999 now requires that we formally advise you of this.
You provide us with the most information about you. We use this information in evaluating your applications for obtaining insurance. We may also collect non-public, personal information about you from the following sources: information you provide us on your application; other forms and other transactions with us; our agents; or information we receive from a consumer reporting agency. Depending on the nature of your insurance, we may collect information about you from third parties.
We do not disclose any non-public information about our customers or former customers to anyone, except as permitted by law. In some cases, this may mean information can be disclosed to third parties without your authorization. This is only done within the law and parties that facilitate the underwriting of your insurance. We do not release information for any outside marketing purpose.
We restrict access to all non-public, personal information about you to our employees to allow them to provide you with products or to provide you benefits or services under them. We maintain physical, electronic and procedural safeguards that comply with state and federal regulations to guard your non-public, personal information.
You have the right to obtain access to certain items of information we have collected about you, and you have the right to request further information if you feel it is inaccurate.