Credit Loan Insurance

Insurance To Protect You & Your Family…

Helping you protect your family finances is important to us at Choice One. That’s why we provide you with a free life insurance policy plus two loan insurance options.

Credit Disability & Life Insurance…

There is no way anyone can predict an injury, medical-related illness or an unexpected death, but there is one step you can take to ensure you and your family’s finances are protected if the unforeseen does happen.

MEMBER’S CHOICE™ Credit Disability and Credit Life Insurance works to protect you and your family when you have a credit union loan. If you are totally disabled due to an injury or medical-related illness, the disability coverage will  make your loan payments until you have fully recovered. In the event of an unexpected death, the life insurance coverage will pay off your entire loan balance. Savings, salary or payoffs from other life insurance also may be protected, giving your family peace of mind when they need it most.

You also won’t be bothered by a monthly bill or statement, that’s because the cost is included in your loan payments. The complete details are available when you apply for a loan or you can call or stop by the credit union for the details.*

New & Used Vehicle GAP Insurance…

If your vehicle is stolen or damaged beyond repair, your insurance company may only pay what your new or used vehicle is worth, not your total loan balance. That makes you responsible for the difference. A financial position you don’t want to be in.

The peace of mind solution is MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP). It’s an insurance policy that helps cover the difference between your vehicle’s value and your loan balance. It’s affordable too. In fact, you have the option to include the cost of the coverage in your monthly loan payment. For the complete policy terms, call or visit the credit union.

*CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, its subsidiaries and affiliates. Your purchase of MEMBER’s CHOICE Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for creditor 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 Policy Agreement for a full explanation of the terms.

To submit your current homeowners or auto insurance…

It’s easier than ever to submit your insurance on your current auto or home loan.  Just click the link here and submit it to us.  It’s that easy!

 

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