Coverage that Pays

An unexpected total disability or death can affect your household’s income level and change your family’s standard of living in an instant, making household financial commitments difficult to meet. Struggling to make loan payments on a reduced or lost income is another heavy burden your family shouldn’t have to bear. When you choose to cover your loans with MEMBER’S CHOICE Credit Life and Credit Disability Insurance, you’re planning for your family’s financial future.*

With help from payment protection like MEMBER’S CHOICE Credit Life Insurance, if you pass away and your claim is payable, your eligible loan balance is reduced or paid off. With MEMBERS CHOICE Credit Disability Insurance, if you’re totally disabled from work due to injury or illness, your monthly loan payments will be made, up to the monthly benefit maximum, until you’re no longer totally disabled, your loan is paid or reach the policy maximum.**

MEMBER’S CHOICE Credit Life and Credit Disability Insurance helps conserve your family’s savings and allows them to use other insurance funds to meet day to day living expenses, preserving the standard of living you’ve worked so hard to achieve.

Credit Disability and Credit Life Coverage Comparison

Credit Disability Credit Life Coverage
Maximum Amount of Insurance $30,000 $30,000
Eligibility Age Maximum 66 70
Monthly Benefit Maximum $600 N/A
Plan Type 14 day retroactive N/A
Working requirements (hrs/week) 25 hours N/A
Rates per $1,000 of monthly loan balance $2.37 $0.73

*Check with your loan officer for more details on MEMBERS CHOICE Credit Life and Credit Disability Insurance, including exclusions, limitations, and maximum benefits.

**Covered loan payments are subject to the terms and conditions of the policy.

Be sure to read the Credit Insurance Application and Certificate of Insurance which will explain the exact terms, conditions, and exclusions of the policy. This is a voluntary insurance product. Your financing outcome is not based on your selection of this product.

CDCL-1113-F92C CUNA Mutual Group 2013. All Rights Reserved.