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Credit Life & Credit Disablity Insurance

Help protect your family in the event of death or serious injury.

It's not something we like to think about, but what would you or your family do in the event of a death or disability? If something should happen to you, your loan obligations could potentially place a burden on your family. To help protect your assets and your family's financial well being, consider Payment Protection for your next loan. It can pay your credit balances if you die (Credit Life Insurance) or suffer a serious illness or injury (Credit Disability Insurance).

Credit Life Insurance is a coverage that reduces or pays off a loan balance, up to the policy maximum, if the borrower or covered joint borrower dies. It helps preserve life insurance benefits for living expenses, not for paying off debts.

Eligibility:
- Regular consumer loans
- Under age 71
- Legally responsible for the normal, scheduled repayment of the loan

Credit Disability Insurance is a coverage that makes monthly loan payments up to the policy maximum should the member become totally disabled. Payments continue until the member is no longer totally disabled, dies, or the loan is paid off.

Eligibility:
- Regular consumer loans
- Under age 66
- Working 25 hours or more a week on the date of the loan
- Legally responsible for the normal, scheduled repayment of the loan

Advantages:

  • Helps protect members and their families from financial burdens
  • Helps protect the family's collateral and credit rating
  • Insurance premium is included in the loan payment
  • Simple, convenient enrollment...no health questions asked

Credit life and disability insurance premiums can be added into loan payments. For a quote or more information please call:

Marisa Bailey, Moline, 309-796-6513
Pam Geregova, Phone Center, 309-796-4060
Tonya Verhelst, Phone Center, 309-796-4062
Dan Burrus, Milan, 309-796-6379
Joe DePaoli, East Moline, 309-796-6504
Matt Francis, East Moline, 309-796-6500
Gary Kluever, Davenport, 309-796-7678
Kathy Kurrle, Geneseo, 309-796-6307

CDCL-0709-6D21
MEMBER'S CHOICE Credit Life and Credit Disability Insurance are underwritten by CUNA Mutual Insurance Society. Enrollment is voluntary and not required to obtain a loan.

 
Nondeposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the credit union.
 
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