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MEMBER’S CHOICE® Credit Disability and Credit Life Insurance

There is no way anyone can predict an injury, medical-related illness or an unexpected death, but you can take steps along the way to protect your family if the unforeseen were to happen.

MEMBER’S CHOICE® Credit Disability and Credit Life Insurance may help pay your loan so you and your loved ones don’t have to.

Credit Disability and Credit Life Insurance work in two different ways.

  • Credit Disability coverage is designed to assist you and your family make loan payments if you’re totally disabled due to an injury or medical-related illness.
  • Credit Life is intended to help pay off or reduce the loan. Savings, salary or payoffs from other life insurance may be protected, giving your family financial freedom when they need it.

Take Responsibility For Your Family’s Financial Future

By taking a few steps while signing your loan paperwork, you’re helping take responsibility for your family’s financial future. Your loan officer can show you how. You won’t receive extra bills or statements and premiums may be added to your monthly loan payments. Once you complete the loan documents, coverage begins for eligible borrowers.

You can cancel within the first 30 days for a full refund or at any time after that if you change your mind. If at any point you have questions, or if your family needs to file a claim, simply contact the credit union. If you have a balance on your loan and are totally disabled due to injury or illness, or in the event of an unexpected death, Credit Disability and Credit Life Insurance could help.

Enrollment is easy. Visit with one of our loan officers today.

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 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 for a full explanation of the terms.

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