While you wait for your loan, you should know...
If the unexpected happens to you or a covered co-borrower, credit life and credit disability insurance may cover your loan payments or pay off your loan in full, up to policy maximums.
Thousands of members rely on this coverage every year.In fact, on average our members receive over $208,000* in benefits annually.
We often recommend these coverages if:
- you don't have life insurance
- your family would struggle to repay your loan if you were gone
- to help give you peace of mind
Coverage is designed to be affordable and customizable, plus:
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no medical check or health requirements
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cost is based on your loan, so as your balance goes down so does the cost of coverage
*Based on internal data from CUNA Mutual Group for 2018 – 2020
Your purchase of MEMBER'S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company (Home Office: Waverly, IA), is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Group Policy for a full explanation of the terms. Base Policy Nos. CI-MP-POL, CI-SP-POL, B3a-830-0996, B3a-800-0695, B3a-800-0288, CI-MP-CE-POL; CI-MP-OE-CC-POL; CI-MP-OE-POL; B3a-800-0992
For help determining what's right for your situation or needs, please consult with our loan experts.