These factors if applicable, may warrant an increase in initial rate and fully indexed rate. Service or related services. In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceeds. Do the math to find out how much you need. PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. Columbia Bank may make available from time to time. Due to local county travel advisories, our branches in Adams and Wells counties are closed until further notice and the wait times for our Call Center and chat feature may be longer than usual. PennyMac is a leading national home loan lender and servicer Enjoy great rates and a quick painless process when you purchase or refinance your next.